Meesho, an e-commerce company backed by Softbank, has filed draft documents for an IPO with market regulator SEBI through a confidential process, according to reports.

Since the process is confidential, the IPO's exact size is still unknown, but according to numerous reliable websites, it will cost between Rs 4,250 crore and Rs 8,500 crore, with a listing anticipated in September or October.

Key Highlights

• Meesho confidentially filed IPO documents aiming to raise ₹4,250 crore via fresh primary issue.
• Shareholders have approved the IPO; listing targeted for September–October, marking India’s first horizontal e‑commerce public debut.

Meesho avoids having to disclose details about its IPO to the public right away by opting for the confidential pre-filing route. These details will be made public at a later date.

The confidential route allows companies more time and reduces pressure to go public quickly. Companies are typically required to launch their initial public offerings within 12 months of receiving SEBI approval. On the other hand, they have up to 18 months from the time they receive final comments to start the IPO under the confidential route.

Also Read: Meesho Submits Confidential IPO Papers to Raise Rs 4,250 Crore

Before switching to social commerce, Meesho was a hyperlocal fashion marketplace that gave resellers—many of whom are women—the opportunity to make money by selling goods in their neighborhoods without having to make an upfront investment.