India, Nov. 27 -- Ecommerce major Meesho has filed its red herring prospectus (RHP) with markets regulator SEBI for its upcoming initial public offering (IPO).

As per its RHP, the Bengaluru-based ecommerce company plans to raise up to INR 4,250 Cr via a fresh issue of shares. Alongside this, existing investors will sell up to 10.55 Cr shares via the offer for sale (OFS) component.

The OFS will see participation from both founders, Vidit Aatrey and Sanjeev Kumar, who are looking to each sell up to 1.6 Cr shares each. In addition, early backers such as Elevation Capital, Peak XV Partners, Venture Highway, Y Combinator Continuity, and others will also offload their stakes.

According to its RHP, the issue will open for public subscription ...