Meesho Limited, a multi-sided e-commerce platform, has filed its Updated Draft Red Herring Prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI). The proposed IPO includes a fresh issue of equity shares worth up to Rs 4,250 crore and an offer for sale (OFS) of up to 17.56 crore shares by existing shareholders.

Offer for Sale Details

The OFS will see share sales by investors including Elevation Capital V Limited, Peak XV Partners Investments V, Venture Highway SPVs LLC, Y Combinator Continuity Holdings I, Golden Summit Limited, VH Capital, and others. Promoter selling shareholders Vidit Aatrey and Sanjeev Kumar, along with individual shareholder Man Hay Tam, will also participate in the sale.

IPO Proceeds and Utilisation

The company plans to use the net proceeds to f

See Full Page