Meesho Files Draft IPO Papers via SEBI's Confidential Filing Route to Raise ₹8,500 Crore

Indian e-commerce platform Meesho has taken a significant step toward its stock market debut by filing draft IPO documents through the Securities and Exchange Board of India (SEBI) via the confidential filing route. 

The company is expected to hit the markets around September to October 2025 with a target raise of ₹8,500 crore through both fresh issue and offer-for-sale.

Meesho's Upcoming IPO: Size, Objective, and Advisors

According to reports from CNBC-TV18, Meesho IPO aims to raise up to ₹8,500 crore from its initial public offering. Of this, ₹4,250 crore is targeted as primary capital, while the rest will be raised through a secondary share sale or offer-for-sale (OFS). The startup has opted for SEBI’s confidential filing route introduced in November 2022, allowing it to withhold public disclosure of its draft red herring prospectus (DRHP) until a later stage in the approval process.

Use of Confidential Filing Route Under SEBI Regulations

The confidential route allows companies like Meesho to maintain discretion during the sensitive preparatory stages of an IPO. This method gives a company up to 18 months post-SEBI observation, offering a longer window compared to the 12-month validity in the normal process. This strategic move provides better market timing flexibility for listing.

IPO Timing and Market Impact

Meesho is targeting a market debut around September or October 2025, which positions it ahead of arch rival Flipkart. Flipkart, launched in 2007 and owned by Walmart, is reportedly still awaiting parent company approval for its own IPO timeline. In contrast, Meesho’s quicker execution may win it a first-mover advantage in the Indian public markets among new-age e-commerce firms.

Read More: Indian Startups Saw Massive Funding of $6.72B in 1HFY25: Impetus Technologies, Raphe mPhibr and More in List! 

Investment Banks and Listing Preparation

To facilitate its IPO, Meesho has partnered with prominent global and domestic investment banks. JP Morgan, Morgan Stanley, Citi, Kotak Mahindra Capital, and Axis Capital have been appointed as the lead advisors for the offering. These firms will guide the process, from regulatory compliance to roadshows and investor engagement, enhancing Meesho's listing readiness.

Conclusion

Meesho's confidential IPO filing with SEBI marks a major leap forward in the company's financial journey. With a robust advisory lineup and a total fundraising target of ₹8,500 crore, including ₹4,250 crore in primary capital, Meesho seems poised to make a landmark debut in Indian capital markets by late 2025. 

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