Meesho has got the green signal from investors to bring IPO. The company will bring an IPO of Rs 4250 crore. Meesho completed its domicile transfer from the US to India last week. Now it will file Draft IPO Prospectus under SEBI's confidential route. The company had raised $250 million from investors in its previous round.
E-commerce platform Meesho has got approval from its shareholders to launch its IPO. According to the documents filed with the Registrar of Companies, the company wants to raise Rs 4,250 crore i.e. about $500 million through IPO.
This e-commerce platform has shifted from America to India only last week. Earlier it had registered itself in the US but to bring IPO it was necessary to register in India. That's why the company shifted itself to India. This platform will file its draft IPO prospectus under SEBI's confidential route.
Green signal from shareholders
The company said in the filing, "The proposed offering will consist of fresh equity shares aggregating up to Rs 4,250 crore and an offer for sale of equity shares by certain existing shareholders of the company."
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