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E-commerce platform Meesho files updated DRHP for ~₹5,800-6,600 cr IPO
Meesho files for ~₹5,800-6,600 cr IPO, with ~₹4,250 cr fresh issue, tapping investor appetite in tech-enabled consumption.
Indian online marketplace Meesho has submitted an updated Draft Red Herring Prospectus (DRHP) to SEBI proposing an IPO worth approximately ₹5,800-6,600 crore (US$700-800 million). The offering includes a fresh issue of roughly ₹4,250 crore and a share-sale from existing investors. Meesho noted strong gross-merchandise-value growth and claims around 23-25% market share in home & furnishing categories. The filing indicates the company is confident of listing now despite weaker IPO appetite for some other issuers. Analysts say the timing may capitalise on investor interest in tech-led consumption plays.