June 29, 2025: E-commerce platform Meesho has taken a significant step towards its public market debut after receiving shareholder approval to raise ₹4,250 crore through an Initial Public Offering (IPO), according to regulatory filings cited by PTI. The resolution was passed at the company’s Extraordinary General Meeting (EGM) held on June 25, with filings dated June 27 confirming the development.
The IPO will consist of a fresh equity issue worth ₹4,250 crore and an Offer for Sale (OFS) from some existing shareholders. This move marks Meesho’s official confirmation of its plans to go public, following months of speculation in the startup ecosystem.
As per a report by The Economic Times, Meesho is expected to file its Draft Red Herring Prospectus (DRHP) confidentially with the Securities and Exchange Board of India (SEBI). Filing the DRHP is the next key step in the IPO journey, and SEBI’s approval is necessary before the company can proceed to raise funds from public investors.
Restructuring and Domicile Shift
Ahead of the IPO, Meesho underwent significant corporate restructuring, including shifting its domicile from the United States to India. According to PTI, the SoftBank-backed startup merged its Delaware-based entity, Meesho Inc., with its Indian arm—formerly Fashnear Technologies Pvt Ltd, now renamed Meesho Pvt Ltd. This cross-border merger was approved by the National Company Law Tribunal (NCLT), Bengaluru, on May 27.
Additionally, Meesho’s co-founder and CEO Vidit Aatrey has been designated as the company’s chairman and managing director, further consolidating leadership as the startup prepares to enter public markets.
IPO Wave Among Indian Startups
Meesho’s IPO preparations mirror similar moves by major Indian startups like Flipkart, which is also shifting its domicile to India in anticipation of a public listing. This reflects a growing trend among Indian tech companies to list domestically in a bid to attract local investors and align with regulatory frameworks.
While the final IPO size will only be determined after the DRHP is filed and SEBI’s feedback is received, the approval from shareholders signals strong intent and readiness from Meesho’s end.
Meesho, known for its mobile-first, low-cost e-commerce model catering to value-conscious Indian consumers, has seen rapid growth in recent years and is considered a strong candidate among India’s next wave of tech IPOs.