Meesho Joins IPO Rush: Confidential Filing Targets ₹4,250 Crore in Primary Capital
Indian e-commerce platform Meesho has taken a major step toward its stock market debut by confidentially filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). According to sources, the SoftBank-backed startup plans to raise ₹4,250 crore in primary capital through its upcoming initial public offering (IPO).
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The confidential filing route allows companies to submit their DRHP without immediately making details public, a path permitted under revised SEBI norms for new-age tech companies.
IPO in Sight by Late 2025
Meesho is eyeing a September–October 2025 listing, and the total size of its IPO could touch ₹8,500 crore ($1 billion) when combining primary issuance and secondary share sales. This makes it one of the most anticipated IPOs in the Indian tech space this year.
The move brings Meesho in line with a host of other digital-first companies such as Pine Labs, Wakefit, Curefoods, and Shadowfax, all of which have filed DRHPs in recent weeks to raise a combined ₹6,000 crore (excluding OFS portions).
Strategic Moves Ahead of Listing
In the lead-up to its IPO, Meesho has restructured its board, flipped back to India from its earlier international holding structure, and officially converted into a public company—key milestones that indicate serious listing intent.
Founded in 2015, Meesho has carved a niche in India’s competitive e-commerce landscape by offering value-driven products to price-conscious consumers, especially in Tier 2 and Tier 3 cities.
The company has yet to issue a statement or respond to queries about the confidential filing.
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