Meesho Secures Shareholder Approval for ₹4,250 Crore IPO

Meesho has received approval from its shareholders to raise ₹4,250 crore through a fresh issue of equity shares. The resolution was passed at the company’s Extraordinary General Meeting held on June 25, 2025. The initial public offering (IPO) will also include an Offer for Sale component by some of the existing shareholders.

IPO Details and Filing Process

The total size of the IPO is expected to be around ₹8,500 crore, combining both primary and secondary components, as per a Moneycontrol report. The final issue size will be confirmed once the company files its Draft Red Herring Prospectus (DRHP) with SEBI. The filing will be made via the confidential route.

Domicile Shift and Merger

Ahead of the listing, Meesho shifted its domicile from the US to India. Its Delaware-registered entity, Meesho Inc., has merged with its Indian arm, Fashnear Technologies. The National Company Law Tribunal, Bengaluru, approved the merger on May 27, 2025. The company is now registered as Meesho Private Limited.

Management Changes 

In the lead-up to the IPO, Meesho has made several changes to its board. CEO and Co-founder Vidit Aatrey has been designated as Chairman and Managing Director. 

Elevation Capital holds 13.5% in Meesho, making it the company’s largest shareholder. Peak XV Partners holds 12.5% and will retain its board representative. Prosus and SoftBank together own around 22%, though they now have no board seats after the latest restructuring, as per news reports.

Read More: Meesho Becomes an Indian Company, Reshuffles Board Ahead of $1Billion IPO!

Conclusion 

Meesho is expected to file its DRHP with SEBI in the coming weeks. The IPO process will officially begin following regulatory clearance. The company is also in the final stages of completing legal and structural adjustments related to the public listing.

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