<ul><li>Meesho's shareholders approve the issuance of 411.4 Cr bonus shares before filing its IPO draft red herring prospectus (DRHP) with SEBI.</li><li>The company to issue bonus shares of INR 1 each in the ratio of 47:1 to existing equity shareholders, increasing paid-up capital to INR 420.1 Cr.</li><li>Meesho plans to raise around $1 Bn through its IPO by end of 2025 and has appointed Morgan Stanley, Kotak Mahindra, and Citi as bankers for the offering.</li><li>Founded in 2015, Meesho has transitioned from social commerce to a marketplace model, focusing on tier II, III cities, and beyond, and has raised over $1.6 Bn in funding to date.</li></ul>

Meesho To Issue 411 Cr Bonus Shares Ahead of IPO

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