India, June 12 -- Meesho Takes The Confidential IPO Route

Meesho is accelerating its public listing. The ecommerce unicorn is likely to file its DRHP with SEBI in the coming weeks via the confidential pre-filing route.

What's The Plan? The company plans to raise $700 Mn to $800 Mn from its public offering, which is slightly lower than the previously reported number of $1 Bn. However, discussions are still ongoing, and the size of the IPO could change.

Why The Confidential Route? Introduced by SEBI in 2022, the confidential pre-filing route enables IPO-bound companies to keep their DRHPs private until listing and quietly address compliance gaps without incurring reputational risk or facing media scrutiny. The likes of Groww, Shiprocket,...