On July 2, 2025, Bengaluru-based e-commerce platform Meesho, known for enabling small businesses and individuals to sell products at low cost, confidentially filed its Draft Red Herring Prospectus (DRHP) with India’s capital markets regulator SEBI. The company aims to raise ₹4,250 crore in primary capital as part of a larger IPO estimated at ₹8,500 crore (USD 1 billion).
Bengaluru-based online retail platform Meesho, known for its focus on small merchants and affordability, has taken a major step toward going public by confidentially filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The filing aims to raise ₹4,250 crore in primary capital as part of its upcoming Initial Public Offering (IPO), sources told Moneycontrol.
With this filing, Meesho joins a wave of Indian tech startups eyeing listings on Dalal Street. In just the past two weeks, companies like Pine Labs, Wakefit, Curefoods, and Shadowfax have collectively filed to raise around ₹6,000 crore in primary capital, excluding their offer-for-sale (OFS) components.
Meesho’s total IPO is expected to be valued at ₹8,500 crore (approximately USD 1 billion), comprising both fresh capital and secondary share sales. The company is aiming for a September–October 2025 listing on Indian stock exchanges.
In preparation for the IPO, Meesho has restructured its board, converted into a public entity, and completed a “flip-back” to India—relocating its parent entity back to India from overseas.
The confidential DRHP route, now increasingly popular among Indian startups, helps protect sensitive business information from competitors such as Flipkart and Amazon India. It also gives companies the flexibility to reassess timelines based on market volatility. Firms like Groww and Shadowfax have recently opted for the same strategy.
Meesho has not responded to media queries regarding the filing.
With this development, Meesho cements its position among India’s most prominent new-age companies preparing for the public markets, signaling strong investor appetite and confidence in the country’s digital commerce sector.