Bengaluru, July 4 -- E-commerce firm Meesho Pvt. Ltd has filed a confidential draft prospectus with the markets regulator for an initial public offering (IPO) to raise as much as Rs.4,250 crore in primary capital, according to a person in the know. The Bengaluru-based company received shareholders' approval last week for its IPO and a change in the designation of Meesho co-founder and chief executive Vidit Aatrey as chairman and managing director. Meesho declined to comment on Mint's queries. The company, which has raised capital from Fidelity Investments, SoftBank Group, Prosus and Peak XV Partners, joins a host of new-age firms opting for a public-market listing this year despite volatile market conditions. The benchmark Nifty 50 index dropped to a 12-month low of 21,743.65 points in March, but has since rebounded. On Thursday afternoon, the benchmark index was nearly unchanged at 25,501.00 points. Last week, fintech company Pine Labs filed draft prospectus for an IPO with the Securities and Exchange Board of India. Furniture maker Wakefit and cloud kitchens playerCurefoods filed pre-IPO papers earlier this week. Confidential pre-IPO filings allow firms to keep sensitive information private for a longer duration and submit updated documents closer to the actual share sale. Shadowfax Technologies, Steamhouse India, Groww and PhysicsWallah, too, opted for this route for their IPOs. Meesho has reportedly rejigged its board of directors ahead of its IPO, with representatives of SoftBank and Prosus giving up their board seats, as per a recent report by Moneycontrol. Meesho's revenue rose 33% to Rs.7,615 crore in 2023-24, while its loss narrowed to Rs.53 crore, the firm's annual report said....