Online marketplace Meesho Ltd., supported by Softbank, has submitted revised draft initial public offering (IPO) documents to the Securities and Exchange Board of India, the market watchdog.
The proposed first share sale would consist of both an offer to sell 175,696,602 shares and a new issue of shares totaling ₹4,250 crore.
Highway Series 1, a Series of Venture Highway SPVs LLC, Y Combinator Continuity Holdings I LLC, Vidit Aatrey, Man Hay Tam, Sanjeev Kumar, VH Capital, VH Capital XI, Golden Summit, and Elevation Capital V Ltd will all sell their shares under the OFS.
The profits from the new issuance will go toward marketing and brand activities, paying the salaries of the AI and machine learning teams, and investing in the cloud infrastructure of subsidiary Meesho Technologies. Additionally, a portion will go toward general business needs and financing inorganic expansion.
A subsequent announcement of the price range will determine the overall issue size and the company’s worth.
10% of the net offering will go to retail institutional investors (NIIs), 15% to non-institutional investors (NIIs), and 75% to qualified institutional buyers (QIBs).
The Kotak The IPO’s book-running lead managers are Mahindra Capital, JP Morgan India, Morgan Stanley India, Axis Capital, and Citigroup Global Markets. The registrant is KFin Technologies.
Concerning Meesho
Meesho is a multifaceted technological platform that engages four major players to drive e-commerce: buyers, sellers, logistics partners, and content producers. According to the Redseer Report, Meesho was the biggest e-commerce company in India in terms of orders processed and yearly transacting customers for the 12 months that ended in June 2025.
By enabling e-commerce to be accessible, inexpensive, and engaging, the firm caters to all customer categories. Its main goal is to provide customers “Everyday Low Prices.”