Daijiworld Media Network – Bengaluru

Bengaluru, Oct 19: SoftBank-backed e-commerce firm Meesho has taken a major step towards its much-anticipated initial public offering (IPO) by filing updated draft papers with the Securities and Exchange Board of India (SEBI).

The move signals the Bengaluru-based company’s readiness to enter the public markets, marking a key milestone in India’s rapidly expanding e-commerce industry.

IPO structure

The proposed IPO consists of two main components:

• Fresh equity issue: Meesho plans to raise up to Rs 4,250 crore through the issuance of new equity shares.

• Offer for Sale (OFS): Existing shareholders will sell up to 17.57 crore (175,696,602) equity shares as part of the secondary sale.

Participating investors

Several early investors will be partic

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