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Meesho IPO: E-commerce platform files confidential DRHP for ₹4,250 crore public issue

Upstox
By Upstox News Desk

2 min read | Updated on July 03, 2025, 13:20 IST

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SUMMARY

Meesho IPO: Apart from raising up to ₹4,250 crore through fresh issuance of shares, the issue could also have an offer for sale (OFS) component.

Meesho received shareholders' nod to raise up to ₹4,250 crore via an IPO last week. | Image: LinkedIn/Vidit Aatrey

Meesho received shareholders' nod to raise up to ₹4,250 crore via an IPO last week. | Image: LinkedIn/Vidit Aatrey

Meesho IPO: E-commerce platform Meesho, which is backed by multinational investment holding company SoftBank, has filed a confidential draft red herring prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India (SEBI), to launch an initial public offer, Moneycontrol reported, citing sources.

This development comes a week after the company received shareholders' nod to raise up to ₹4,250 crore via an IPO.

The resolution was cleared in the Extraordinary General Meeting (EGM) on June 25.

Apart from raising up to ₹4,250 crore through fresh issuance of shares, the issue could also have an offer for sale (OFS) component.

In its run-up to the public issue, Meesho completed its domicile shift from the United States to India. The firm had merged its Delaware-based unit, Meesho Inc., with its Indian entity.

In May, the National Company Law Tribunal (NCLT) had passed an order clearing the merger of Meesho Inc. with Fashnear.

Meesho renamed Fashnear Technologies Private Limited to Meesho Pvt Ltd, as per the certificate of incorporation issued by the Corporate Affairs Ministry on May 13.

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"The name change, effective from May 13, 2025, aligns with Meesho's strategic focus on strengthening its brand identity as a leading e-commerce platform in India. The name change reflects Meesho's evolution to a comprehensive online marketplace. The company will now start working on the process for IPO," a source had told PTI.

The company's shareholders also gave a thumbs up to changing the designation of Meesho co-founder and chief executive officer (CEO) Vidit Aatrey to chairman and managing director.

Meanwhile, Shadowfax also filed draft IPO papers via the confidential route recently.

The proposed IPO, which aims to raise ₹2,000-2,500 crore, consists of a fresh issue and an OFS component.

Shadowfax Technologies, in a public announcement, said it has "pre-filed a draft red herring prospectus with SEBI and the stock exchanges...in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges."

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