By Admin 
Meesho ipo: The news of e-commerce platform Misho’s IPO is getting confirmed. It is being told that Misho has filed his draft Red Herring Prospectus (DRHP) for the IPO in a confidential manner with the Securities and Exchange Board of India (SEBI). Reuters have given this information on Thursday.
How long is hope to be launched?
The company’s plan is to raise $ 497.30 million (Rs 4,250 crore. The size of the IPO can be Rs 8,500 crore, including the primary capital as well as the share for cell (offs). It is being told that some current investors under the Window are expected to reduce their share of their own. I have to take entry in the market.
India will shift from America to headquarters
Last week, this company, based on its Domic transfer from the US, has also received approval from its shareholders to launch an IPO. The company had informed in the filing that the IPO will also include a fresh equity shares of Rs 4,250 crore along with some existing shareholders to offer equity shares.
Let me tell you that Misho recently shifted his headquarters from America to India. The company had earlier registered its registration as an American company, but its American unit Meesho.INC has been merged with the Indian unit. The company needed to shift to India to list the stock market. Just in June last month, the National Company Law Tribunal (NCLT) allowed Misho to shift its head quarters back to India from Delaware.
What is the company’s planning?
It is being told that the company has chosen Morgan Stanley, Kotak Mahindra Capital and City as its IPO advisor. There is talk of JP Morgan’s involvement in this. The company will use the amount raised from the IPO to increase the scope of its last mile logistics, upgraded the backnd system and will strengthen the seller system in villages as well as small cities.
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