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The online shopping platform Meesho has filed its revised draft red herring prospectus (DHRP) with Securities and Exchange Board of India (SEBI) and received approval for mainboard listing, joining the list of unicorns like Zepto to garner funds from public markets.

The e-commerce site seeks to raise close to Rs 4,250 crore through issuance of shares and Rs 2,200 crore - Rs 2,600 crore via offer for sale (OFS) component, making the IPO size around Rs 6,500 - Rs 7,000 crore. The funds generated will be earmarked for branding, corporate requisites, and covering tech-linked costs.

Meesho Valuation

It is only after the book building gets over that public listing occurs and company's valuation is brought to light. The soon-to-be

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