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Ecommerce giant Meesho has filed its DRHP with markets regulator SEBI via the confidential pre-filing route, joining the long queue of Indian new-age tech companies looking to go public.
The company’s public issue will comprise a fresh issue of shares of about INR 4,250 Cr, sources told Inc42. It will also have a big offer for sale component, taking the total IPO size to up to $1 Bn (about INR 8,550 Cr).
Meesho declined to comment on the development.
This comes a week after Meesho got its board’s nod to raise up to INR 4,250 Cr (around $500 Mn) via a fresh issue in its public listing.
The company recently shifted its domicile back to India after receiving approval from the National Company Law Tribunal (NCLT).
Founded in 2015 by IIT alumni Vidit Aatrey and Sanjeev Barnwal, Meesho is one of the leading players in the Indian ecommerce market. It counts the likes of DST Partners, Tiger Global Management, Peak XV Partners, Elevation Capital, Facebook and Prosus among its investors.
(The story will be updated soon)
The post Meesho Files DRHP Via Confidential Route For Up To $1 Bn IPO appeared first on Inc42 Media.
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