look news india
News India Live, Digital Desk: If you also use Meesho app for online shopping, then there is a big and interesting news for you. Very soon you will be able to become not only a customer but also a shareholder in this company. Yes, Meesho, an e-commerce platform famous for selling goods at affordable prices, is now preparing to enter the stock market. The company has submitted preliminary documents for its Initial Public Offering (IPO) with the Securities and Exchange Board of India (SEBI). This is an indication that the company is now ready to go completely public and get listed in the stock market. What is the company’s plan? According to reports, Meesho is planning to raise approximately Rs 5,500 crore (about $ 660 million) through this IPO. Let us understand it in simple language: Fresh issue of ₹2,500 crore: This means that the company will raise Rs 2,500 crore from the market by issuing new shares. This money will be used for the company’s expansion and other purposes. ₹3,000 crore Offer for Sale (OFS): Under this, the existing investors of the company (like big investment companies) will sell some of their stake to the general public. This money will not go to the company but to those investors. When can the IPO come? Meesho had made pre-filing with SEBI in the month of June itself and has now submitted the updated draft. It is expected that the final documents will also be submitted soon. If everything goes as per plan, this IPO may hit the market by the end of this year or in early 2026. This IPO could be the biggest IPO of an Indian internet company after the IPO of Delhivery in 2022. Meesho is backed by world’s biggest investors like SoftBank and Peak XV Partners. Investment companies have supported us. In 2021, the company was valued at around $4.9 billion. The arrival of this IPO will not only help the company to grow, but common investors will also get a chance to participate in the growth of a big e-commerce company of India.