Overview

• Meesho plans to submit its draft red herring prospectus confidentially to SEBI within weeks under the regulator’s private filing route.
• The e-commerce platform aims to raise between $700 million and $800 million in its initial public offering.
• Citigroup, Kotak Mahindra Capital and Morgan Stanley have been appointed as lead bankers for the deal.
• The company completed a migration of its legal domicile from Delaware to India to align with domestic listing requirements.
• In FY24, Meesho’s operating revenue rose 33 percent to INR 7,614.9 crore while losses narrowed by 82 percent to INR 304.9 crore.