Meesho, an ecommerce giant, has filed its DRHP via the confidential pre-filing route with markets regulator SEBI, indicating its plans to go public.
The company plans to offer a fresh issue of shares worth about INR 4,250 Cr, with a significant offer for sale component, potentially resulting in a total IPO size of up to $1 Bn (around INR 8,550 Cr).
Meesho recently received approval to raise up to INR 4,250 Cr for its public listing, and has shifted its domicile back to India.
Founded in 2015 by IIT alumni Vidit Aatrey and Sanjeev Barnwal, Meesho is a prominent player in the Indian ecommerce sector with notable investors including DST Partners, Tiger Global Management, and Facebook.