Meesho, the budget-friendly e-commerce platform, has confidentially filed a DRHP with SEBI to raise Rs 4,250 crore in primary capital.
The total IPO size is expected to be around Rs 8,500 crore, combining fresh issuance and an offer for sale (OFS) component.
Meesho's confidential filing allows it to gauge investor interest and refine its offer before going public, following a reverse flip transaction and a recent name change.
Engaging Citi, Kotak Mahindra Capital, Morgan Stanley, and Axis Capital as bankers, Meesho reported Rs 7,615 crore in revenue for FY2024 and is the seventh Indian startup to file a confidential DRHP in 2025, joining other firms in India's startup IPO pipeline.