E-commerce platform Meesho has filed its updated draft red herring prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI) and also received regulatory approvals to launch its initial public offering (IPO), becoming the latest new-age company that is looking to tap the public markets to raise fresh funds.

How much money is Meesho raising via its IPO?

The company is looking to raise around $480 million (Rs 4,250 crore) via a fresh issue of shares and there will be another $250-300 million (Rs 2,200-2,600 crore) in the offer for sale (OFS) component, taking its total IPO size to around $700-800 million (Rs 6,500-7,000 crore).

It will use the funds for tech costs, brand building and general corporate needs.

What valuation will Meesho command in its IPO?

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