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.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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E-commerce startup Meesho has received approval from its shareholders to raise 4,250 crore through IPO. The proposal passed in the Extraordinary General Meeting (EGM) on June 25 and its information came to light in the regulatory filing of June 27. Meesho is now starting the process of raising funds from the stock market, in which fresh equity shares will be issued and some existing investors will also be able to sell their shares.

Next step, file DRHP to SEBI

However, the final size of the IPO has not been decided yet. For this, Meesho will have to file its draft red herring Prospectus (DRHP) with the Indian market regulator SEBI. According to reports, the company is planning to file it through confidential filing route. Only after the approval of SEBI, the company will be able to raise money from the public through the IPO.

CEO Vidit Atre became chairman and managing director

The shareholders have also approved the appointment of the company’s co-founder and CEO Vidit Atre as the chairman and managing director of the company. This step has been taken towards making the company’s leadership stronger, especially when it is preparing to bring an IPO.

‘Return’ to India from America

Before the IPO, Meesho took another major step and has shifted its domicile from America to India. According to PTI report, Meesho Inc. registered in Delaware Ko his Indian unit Fashnear Technologies Pvt. Ltd. Has been merged

This merger has also received approval from National Company Law Tribunal (NCLT), Bengaluru bench. The Ministry of Corporate Affairs, Government of India has changed the name of Fashnear Technologies to Meesho Private Limited through a certificate issued on 13 May.

Flipkart is also on the same path

Like Meesho, Flipkart is also shifting domicle from Singapore to India before its IPO. This trend shows that Indian tech companies are now giving priority to listing in the domestic market, which will also give Indian investors a chance to become part of these growth stories.

Meesho’s IPO can create a big stir in the country’s startup IPO space in the coming time. The company’s return to India and preparing to become public is a sign that now Indian startups are ready to give Indian investors a straight part.

Disclaimer: (Information provided here is being given only for information. It is necessary to tell here that the investment market is subject to risks. Always consult expert before investing as an investor. Never is advised to invest money from Abplive.com.

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Meesho ipo: E-commerce platform Misho is preparing to bring its IPO. It is being told that in the coming days, the company can secretly apply for this with SEBI. The supporters of this company in Bangalore include SoftBank Group Corporation. Through this IPO, the company can raise from $ 700 million to $ 800 million.

Meesho changed his name

Meanwhile, Misho has changed her name to Misho Private Limited to Misho Limited. In a general meeting held on June 5, the company’s board has also approved this proposal to change the name.

Explain that before bringing the IPO, the process of changing the name is considered very important. The motive behind this is to increase the identity of your brand and attract investors. In addition, shares of a private limited company cannot trade in public because its ownership is limited. Whereas Public Limited Company shares can be listed in the stock market and people can buy it. It has a stake with many shareholders. The company has said in its filing, we are thinking about many options for growth and bringing IPOs at the right time will be a part of our plan.

Misho dominated the market

Like the second e-commerce platform, Misho’s scope in the Indian markets is increasing. According to a report, 37 percent of the total audiences placed on e-commerce platforms in India in 2024 were only Misho. By the end of 2024, the number of customers shopping on Misho platforms also increased to 18.7 crore. In the same year, Misho’s revenue reached Rs 7615 crore with a jump of 33 percent. Let us know that along with raising IPO capital, there is also a way to list in the stock market. This also increases awareness among people about the brand.

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