Meesho could file draft IPO papers this month

E-commerce platform Meesho could file its draft papers for an initial public offering as soon as this month as the business’ re-domiciling process from the US to India nears completion. 

“Meesho’s flip back process will close in a few days, and it will be ready to file its IPO papers as early as next week, but that could get stretched to sometime later this month,” an anonymous source close to the development told ET Tech. It is expected that Meesho will file for its IPO under the Securities and Exchange Board of India’s confidential route. 

Meesho is looking at an IPO size of between $700 million and $800 million, the Economic Times reported. However, the issue size could evolve due to market conditions. 

Backed by Japan’s SoftBank and Tiger Global, Meesho recently converted itself from a private entity into a public entity. This was an integral step on its path towards an IPO. 

The business will see Meesho Limited become its parent company when its re-domiciling process is completed. The business is based in Bengaluru. In March this year, Meesho’s annual report showed 34% year on year growth in its order volume from April to December 2024.