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Meesho files confidential DRHP with SEBI to raise Rs 4,250 crore in primary capital

  • 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.

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