Upcoming IPO: Meesho files updated draft papers with fresh issue of ₹4,250 crore, 17.56 crore-share OFS

Meesho IPO: Softbank-backed online marketplace Meesho Ltd has filed updated draft initial public offering (IPO) papers with the market regulator Securities and Exchange Board of India.

The proposed initial share sale will be a mix of fresh issuance of shares aggregating to ₹4,250 crore as well as an offer for sale of 175,696,602 shares.

Under the OFS, Elevation Capital V Ltd, Peak XV Partners Investments V, Highway Series 1, a Series of Venture Highway SPVs LLC, Y Combinator Continuity Holdings I LLC, Vidit Aatrey, Man Hay Tam, Sanjeev Kumar, VH Capital, VH Capital XI, and Golden Summit will offload their stake.

The fresh issue proceeds will be used for investment in subsidiary Meesho Technologies' cloud infrastructure, salary payment of AI and machine learning teams and marketing and brand initiatives. A part will also be used for funding inorganic growth and general corporate purposes.

The company's valuation and the total issue size will depend on the price band that will be communicated later.

The company will reserve 75% of the net issue for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail institutional investors (NIIs).

Kotak Mahindra Capital, JP Morgan India, Morgan Stanley India, Axis Capital and Citigroup Global Markets are book-running lead managers of the IPO. KFin Technologies serves as the registrar.

About Meesho

Meesho is a multi-sided technology platform driving e-commerce by engaging four key stakeholders: consumers, sellers, logistics partners and content creators. Meesho was the largest e-commerce player in India in terms of placed orders and annual transacting users in the last 12 months ended June 2025, as per the Redseer Report.

The company serves all consumer segments by making e-commerce affordable, accessible and engaging. It focuses on providing ‘Everyday Low Prices’ to consumers.