Social commerce unicorn Meesho is reportedly on the verge of filing its draft red herring prospectus (DRHP) for an initial public offering (IPO), with plans to make the submission as early as this month. The move comes as the Bengaluru-based company wraps up its re-domiciling process from the United States to India — a critical step in its long-anticipated journey to the public markets.
Sources close to the matter told ET Tech that the company’s “flip back” to India is in its final stages and could conclude within days, enabling Meesho to proceed with IPO filings via SEBI’s confidential route. The proposed IPO is expected to be in the range of $700 million to $800 million, though the final size will be influenced by prevailing market sentiment and investor appetite.
The SoftBank- and Tiger Global-backed firm has already transitioned from a private limited company to a public limited entity, a necessary corporate restructuring milestone. Upon completion of the re-domiciling, Meesho Limited will serve as the group’s holding company in India.
Founded in Bengaluru, Meesho has positioned itself as a dominant force in India’s e-commerce ecosystem by empowering small businesses and individual entrepreneurs to sell online, particularly through social platforms. The company’s most recent annual report noted a 34% year-on-year growth in order volume for the April–December 2024 period, signaling strong business momentum heading into its public debut.
If the listing proceeds as planned, Meesho will become one of the few Indian consumer-tech startups to test public markets post the 2021 tech IPO wave, and a bellwether for investor confidence in India’s growing social commerce segment.
Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.
