Synopsis
Ecommerce platform Meesho has filed a draft red herring prospectus with Sebi for its upcoming IPO, aiming to raise about Rs 4,250 crore ($500 million). The filing was done under Sebi’s pre-filing route, allowing companies to keep the details of their prospectus confidential.
AgenciesEcommerce marketplace Meesho has filed a draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for its initial public offering, people briefed on the development said.
ET had reported last week that the company’s shareholders had approved its IPO plan, through which it is looking to raise Rs 4,250 crore (around $500 million) in fresh capital.
The DRHP has been filed under Sebi’s pre-filing route, which allows companies to keep their prospectus confidential.
Elevate your knowledge and leadership skills at a cost cheaper than your daily tea.
Subscribe Now
