Meesho files IPO papers to raise Rs 4,250 crore

E-commerce unicorn Meesho has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) through the confidential route. It is aiming to raise Rs 4,250 crore in fresh capital through an initial public offering, according to sources.

The issue size is likely to be bigger post the inclusion of the offer-for-sale(OFS) component. Meesho’s last-known valuation is $3.9 billion, as of March 2024.