Kolkata: In the expanding domain of social commerce businesses in India, Meesho is a popular name. The IPO rush that has started in 2024 is continuing unabated in the country and this popular digital commerce platform is the latest firm to approach capital market regulator Sebi to raise Rs 4,250 crore. The public issue will comprise both a tranche of fresh shares and an OFS segment.

The OFS part will comprise 175,696,602 equity shares by some of Meesho’s early investors, including Elevation, Peak XV, Venture Highway and Y Combinator. The price band of the shares will be determined after the valuation of the company is done.

Issue structure

Meesho could be raising a total of Rs 6,500-7,000 crore, reports indicated. It would be through a fresh issue as well as an OFS part. The fresh shar

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