Meesho files confidential prospectus for its IPO

Ecommerce marketplace Meesho has filed the draft red herring prospectus for its proposed initial public offering with the Securities and Exchange Board of India (Sebi), people briefed on the development said.

The DRHP has been filed under Sebi’s pre-filing route, which allows companies to keep their prospectus confidential.

ET had reported last week that shareholders had approved the IPO plan through which Meesho aims to raise Rs 4,250 crore (about $500 million) in fresh capital.