Meesho, a D2C ecommerce giant, has approved its conversion into a public entity in preparation for an IPO.
The board of Meesho passed a special resolution to change its name from 'Meesho Private Limited' to 'Meesho Limited' during an extraordinary general meeting on June 5, as per the MCA filing accessed by Inc42.
This conversion will enable Meesho to have more flexibility in accessing the capital market and align its corporate structure with regulatory expectations for a potential IPO.
Although the IPO process has not been initiated, Meesho aims to be prepared from a regulatory and compliance perspective to pursue an IPO when the timing is appropriate.