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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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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