Saralnama₹7,036 crore IPO planned by e-commerce platform Meesho received SEBI approval. The company filed updated draft papers for the initial public offering. Meesho aims to raise ₹4,221 crore through fresh issue and ₹2,638 crore via offer for sale. Funds will be used for tech upgrades, brand building, and corporate expenses. The IPO's book-building process will take 30-45 days. Meesho's valuation is expected to be around ₹70,360 crore. Early investors and founders will sell some shares. In FY24, Meesho's revenue was ₹7,615 crore with a loss of ₹305 crore. The company's focus remains on growth rather than profit. (Updated 19 Oct 2025, 12:25 IST; source: link)
Key Points
- ₹7,036 crore IPO planned by e-commerce platform Meesho received SEBI approval
- The company filed updated draft papers for the initial public offering
- Meesho aims to raise ₹4,221 crore through fresh issue and ₹2,638 crore via offer for sale