Overview

• Shareholders approved an IPO to raise up to Rs 4,250 crore through a fresh equity issuance and an offer-for-sale by existing investors.
• The IPO application will be filed confidentially under SEBI’s pre-filed draft red herring prospectus route to safeguard sensitive data.
• Founder Vidit Aatrey will assume the roles of chairman, managing director and CEO after receiving shareholder endorsement.
• Last week, Meesho completed a reverse flip of its US unit into its Indian arm and legally redomiciled to meet listing requirements.
• In fiscal 2025, Meesho handled about 1.8 billion orders, a 37% year-on-year increase, and its last $550 million funding round valued the company at roughly $3.9 billion.