The IPO comprises a fresh issue of equity shares aggregating up to Rs4,250 crore of face value Rs1 each and an offer for sale of up to 17,56,96,602 equity shares of face value of Rs1 each by selling shareholders.
FinTech BizNews Service
Mumbai, October 19, 2025: Meesho Limited, a multi-sided technology platform driving e-commerce in India by bringing together four key stakeholders – consumers, sellers, logistics partners and content creators, has filed its Updated Draft Red Herring Prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI).
The proposed initial public offering comprises a fresh issue of equity shares aggregating up to Rs4,250 crore of face value Rs 1 each and an offer for sale of up to 17,56,96,602 equity shares of face value of Rs1 each by selling shareholders. The offer for sale comprises of equity shares by Elevation Capital V Limited, Peak XV Partners Investments V, Highway Series 1, a Series of Venture Highway SPVs LLC, Y Combinator Continuity Holdings I, LLC, Golden Summit Limited, VH Capital, VH Capital XI (Corporate Selling Shareholders), Vidit Aatrey, Sanjeev Kumar (Promoter Selling Shareholders) and Man Hay Tam (Individual Selling Shareholder).
The Company proposes to utilize the Net Proceeds towards funding the following: investment for cloud infrastructure in Meesho Technologies Private Limited, the Subsidiary; payment of salaries of existing and replacement hires for the Machine Learning and AI and technology teams for AI and technology development undertaken by Meesho Technologies Private Limited, the Subsidiary; investment in Meesho Technologies Private Limited, the Subsidiary, for expenditure towards marketing and brand initiatives; and funding inorganic growth through acquisitions and other strategic initiatives as well as general corporate purposes.
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited and Citigroup Global Markets India Private Limited are the Book Running Lead Managers to the issue.
