Meesho receives SEBI approval for ₹7,000-cr IPO
Meesho has filed its revised draft red herring prospectus (DRHP) with SEBI and received approval for mainboard listing. The e-commerce platform is looking to raise $480 million (₹4,250 crore) via fresh issue of shares and $250-300 million (₹2,200-2,600 crore) via offer for sale, taking total IPO size to around $700-800 million (₹6,500-7,000 crore). The company is eyeing listing in December.