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Tag: ipo

  • IPO-Bound Lenskart Secures INR 90 Crore Investment from Billionaire DMart Founder Radhakishan Damani

    In a pre-IPO (initial public offering) funding round, billionaire investor Radhakishan Damani, the creator of Avenue Supermarts (DMart), spent approximately INR 90 crore in eyewear retailer Lenskart Solutions, according to a report by ET. The investment is made in advance of Lenskart’s IPO, which is anticipated to go live for subscriptions next week. According to the Draft Red Herring Prospectus (DRHP), the eyeglasses retailer plans to raise INR 2,150 crore through the new issuing of equity shares. In addition, investors and promoters will sell 13.22 crore equity shares.

    What is New OFS Deal?

    The OFS would involve the sale of shares by investors SVF II Lightbulb (Cayman) Ltd, Schroders Capital Private Equity Asia Mauritius Ltd, PI Opportunities Fund-II, Macritchie Investments Pte. Ltd., Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP, as well as promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi.

    The IPO proceeds will be used for a number of strategic initiatives, such as capital expenditures for the establishment of new company-operated, company-owned (CoCo) stores in India; payments for leases, rents, and licenses for these CoCo stores; investments in cloud infrastructure and technology; raising brand awareness through business promotion and marketing; possible unidentified inorganic acquisitions; and general corporate purposes, according to Lenskart.

    About Lenskart

    Through its online platform and vast retail network, Lenskart, one of India’s biggest omni-channel eyewear retailers, provides a large selection of reasonably priced and stylish prescription eyeglasses, sunglasses, and contact lenses. Lenskart, which was founded in 2008, began as an online marketplace for eyewear in 2010 and launched its first physical location in New Delhi in 2013. It has developed over time into one of the most well-known consumer brands in the eyewear sector in the nation. The business operates internationally in Southeast Asia and the Middle East and is present in metro, Tier-1, and Tier-2 locations.

    Quick Shots

    •Billionaire
    DMart founder Radhakishan Damani invests INR 90 crore in Lenskart Solutions
    ahead of its IPO.

    •Lenskart
    aims to raise INR 2,150 crore via fresh equity issue; 13.22 crore shares to
    be sold by promoters and investors through OFS.

    •Founded
    in 2008, Lenskart is India’s leading omni-channel eyewear retailer, offering
    eyeglasses, sunglasses, and contact lenses.

    •Operates across India, Southeast
    Asia, and the Middle East, with a strong foothold in metro, Tier-1, and
    Tier-2 cities.

     

  • Shadowfax IPO Gets SEBI Clearance as Flipkart-Backed Firm Prepares Market Debut

    According to documents published on the Securities and Exchange Board of India’s (Sebi) website, Flipkart-backed logistics company Shadowfax Technologies has been given the go-ahead to move on with its IPO. In the week ending October 10, Sebi released its comments regarding the company’s pre-filed draft.

    In July, Shadowfax filed its draft red herring prospectus under Sebi’s pre-filing procedure, which allowed the company to test investor interest and fine-tune offering details without revealing critical company information to the public. According to sources, Shadowfax is anticipated to submit an amended draft prospectus in the days ahead now that regulatory clearance has been obtained.

    How Shadowfax Plans to Execute its IPO Listing

    By combining a new issuance with an offer for sale by current shareholders, the offering is anticipated to raise between INR 2,000 crore and INR 2,500 crore. The IPO might value the company at over INR 8,500 crore, according to reports. This price is a substantial premium over its February 2025 financing round valuation of almost INR 6,000 crore, indicating investor confidence in the future potential of the logistics industry.

    The company raised primary and secondary capital at an approximate valuation of INR 6,000 crore in February 2025, which was the last time it raised funds. According to insiders, the company intends to use the money raised from the new issuance to expand its network operations, boost growth, and increase capacity.

    How Shadowfax Plans to Use Proceeds?

    According to insiders, the company intends to use the money raised from the new issuance to expand its network operations, boost growth, and increase capacity. About 75% of the company’s revenue comes from the e-commerce division, which puts Shadowfax in a strong position to profit from India’s expanding online retail market.

    The rest is derived from hyperlocal delivery and rapid commerce. Prominent investors like Flipkart, TPG, Eight Roads Ventures, and Mirae Asset Ventures support Shadowfax. Several Indian logistics and delivery firms, such as Delhivery, XpressBees, Ecom Express, Blue Dart, and Shiprocket, compete with it. In fiscal 2024, the company’s revenue increased by 33.2% to INR 1,885 crore, but its losses decreased significantly to INR 11.8 crore, which was roughly 92% less than the year before.

    Quick Shots

    •Flipkart-backed
    Shadowfax Technologies secures SEBI clearance to move ahead with its India
    IPO.

    •SEBI
    issued its observations in the week ending October 10, 2025, as per filings
    on its website.

    •Shadowfax
    had filed its draft red herring prospectus in July under SEBI’s pre-filing
    route.

    •The
    logistics startup is expected to raise INR 2,000–INR 2,500 crore through a
    fresh issue and offer for sale.

    •The
    IPO may value Shadowfax at over INR 8,500 crore, up from INR 6,000 crore in
    its February 2025 funding round.

    •Proceeds
    from the IPO will be used to expand network operations, boost growth, and
    increase capacity.

  • LG Electronics IPO Under Scanner After InGovern Highlights INR 4,717 Crore Tax and Royalty Issues

    After InGovern Research Services identified INR 4,717 crore in contested tax liabilities, ongoing royalties, and related-party transactions, LG Electronics India’s INR 11,607 crore IPO (Initial Public Offering) is being investigated. The advising company added that the Korean parent will maintain 85% control after listing, noting that a poor decision in these procedures might severely reduce future earnings or necessitate remedies.

    Findings of the InGovern

    With all proceeds going straight to the parent firm and no new funds being collected for expansion, the IPO, which is a 100% offer-for-sale by Korean promoter LG Electronics Inc., is set to close today, October 9, at 5 p.m. According to InGovern, LGEIL has revealed contingent liabilities totalling INR 4,717 crore, which accounts for 73% of its total net worth.

    The main source of these obligations is contested income tax, excise, and service tax claims. Citing current appeals before appellate forums and legal guidance, the advice also stated that the company has not made provisions for these proceedings.

    LG India Faces Contingent Liability of INR 315 Cr

    Transfer pricing on royalties and payments for technical services to the promoter account for a sizable amount of tax disputes. InGovern emphasised that royalties they pay to the promoter under the terms of the licence agreement or in other circumstances could be subject to regulatory scrutiny or action. Royalties alone accounted for INR 315 crore of LG India’s potential liabilities as of the IPO filing; this amount may increase as a result of regulatory reviews.

    The advice firm also pointed out that, without shareholder consent, the Korean parent company may increase royalties from domestic production by up to 5% of yearly consolidated turnover. Over the last three years, royalty outflows have historically varied from 1.63% to 1.90% of revenue; this structure may have an impact on margins in the absence of scrutiny by minority investors.

    InGovern cautioned that LG Electronics Inc. would lose its ability to produce and market under the LG brand and that operations would be seriously disrupted if it terminated or changed the perpetual licence agreement with six months’ notice.

    The promoter would have effective control over board decisions and related-party transactions when LG Electronics retains 85% of its Indian unit following the IPO. “The promoter may take into account the interests of its subsidiaries and affiliates that may not align with minority shareholders,” according to InGovern.

     The Korean parent company, LG India, and other LG Group companies have a number of licensing, technical service, and framework agreements that result in continuous governance exposure. Concerns regarding transparency and transfer pricing were raised by the advising company when it stated that “no independent benchmarking study or third-party pricing review for royalty payments is presented.”

     LG India’s IPO is a pure offer-for-sale that only benefits the promoter, even though the company reported INR 24,367 crore in revenue and INR 2,203 crore in net profit for FY25 with a debt-free balance sheet. InGovern concluded by stating that careful thought should be given to the governance issues surrounding related-party transactions and contingent liabilities.

    Quick Shots

    •InGovern flags INR 4,717 crore in disputed tax,
    royalty, and related-party risks.

    •Tax, excise, and service tax disputes form 73% of
    LG India’s net worth.

    •IPO proceeds go entirely to Korean parent LG
    Electronics Inc.; no fresh funds raised for expansion.

    •INR 315 crore liability linked to royalty payments
    and technical service fees to the parent firm.

  • Canara HSBC Life Insurance IPO Dates Announced: Check Opening & Closing Schedule

    On October 10, Canara HSBC Life Insurance Company will make its first public offering. On October 14, the initial public offering (IPO), which would be an offer-for-sale (OFS) of 23.75 crore shares, will close. A day before the debut, the company will provide anchor investors a portion of the IPO shares.

    Soon, the price range that has been approved by regulators to start the public offering will be revealed. Promoters Canara Bank and HSBC Insurance will sell off a portion of their holdings under the OFS, while investor PNB will also sell its shares.

    Financial Dynamics of Canara HSBC Life Insurance

    From INR 91.2 crore in fiscal 2023 to Rs 117 crore in fiscal 2025, the profit after tax grew at a compound annual growth rate (CAGR) of 13.26%. It was INR 23.4 crore in the three months that ended in June 2025. Additionally, as of FY25, the embedded value had grown from INR 4272 crore at the end of FY23 to Rs 6111 crore. With a solvency ratio of 200.42% as of June 2025, beyond the required threshold of 150%, Canara HSBC is financially well-capitalised.

    As evidence of its broad reach and the trust that clients have in us for their life insurance needs, the company has so far covered 10.51 million lives. The issue’s book running lead managers are SBI Capital Markets, BNP Paribas, HSBC Securities and Capital Markets (India), JM Financial, and Motilal Oswal Investment Advisors.

    About Canara HSBC Life Insurance and its Operations

    Promoted by Canara Bank, HSBC Insurance (Asia-Pacific) Holdings, a part of the Hongkong and Shanghai Banking Corporation Ltd (HSBC) group, and Punjab National Bank (PNB), another state-owned lender, Canara HSBC Life Insurance Company is a three-way partnership.

    As of March 31, 2024, the business ranked third among led life insurers promoted by the public sector in terms of assets under management (AUM). Canara HSBC Life Insurance Company was founded in 2007 and has since developed into a major bank-led private participant in the Indian life insurance market.

    According to the number of lives covered for Fiscal 2024, it is the second-largest public sector bank-led life insurer in India. According to the insurer’s DRHP, the company’s Annualised Premium Equivalent (APE) has continuously increased, reflecting efforts to broaden its offerings and boost its market presence.

    Quick Shots

    •IPO Dates: Opens on October 10, 2025; closes on
    October 14, 2025.

    •Offer Type: Offer-for-sale (OFS) of 23.75 crore
    shares.

    •Anchor Investors: Allocated shares a day before the
    IPO debut.

    •Price Range: To be announced soon after regulatory
    approval.

    •Promoters Selling Shares: Canara Bank, HSBC
    Insurance, and PNB.

  • IPO-Bound PhonePe Secures RBI Approval to Operate as Payment Aggregator

    The Reserve Bank of India (RBI) has granted Walmart-owned fintech PhonePe full approval to function as an online payment aggregator (PA). This comes more than two years after the RBI granted PhonePe in-principle permission to function as an online payment aggregator in August 2023.

    With the approval, PhonePe will be able to access more online retailers, concentrating on small and medium-sized enterprises (SMEs) around the nation. Yuvraj Singh, the CBO merchant business for PhonePe, said that the company is in a good position to speed up financial inclusion by offering easily accessible payment options to underserved firms, especially in the SME sector. The company’s mission to facilitate wider digital financial inclusion is in line with its emphasis on working with both well-established companies and start-ups.

    How PA Licence Will Empower PhonePe?

    Fintech platforms can implement digital payment solutions and onboard businesses with a PA licence. Without having to develop a separate integration system, it allows licence holders to allow merchants to accept a variety of payment methods, pool customer collections, and receive settlements.

    For almost five years, PhonePe has remained the market leader in India’s UPI space. It held a 46.5% market share in August 2025 after processing 915 Cr UPI transactions valued at around INR 12 Lakh Cr. Currently, the platform manages over 360 million transactions every day from 650 million registered users.

    In addition to UPI, PhonePe has a diverse business portfolio that includes the Indus AppStore, the e-commerce app Pincode, investing tech, insurance, and financing. It recently stopped operating as an NBFC and turned in its licence to the RBI on 29 August.

    PhonePe all Set for its IPO

    The significant regulatory approval coincides with the fintech’s much-awaited public debut. Later this month, PhonePe is anticipated to submit its draft red herring prospectus (DRHP) to SEBI in a secret manner. In order to raise $1.2 billion to $1.5 billion (about INR 10,000 crore to INR 13,000 crore) at a valuation of $7 billion to $8 billion, it plans to go public in early 2026.

    Both new shares and an offer-for-sale (OFS) are probably going to be part of the IPO. Although it is not anticipated that Walmart, the company’s largest shareholder, will significantly reduce its investment, investors Tiger Global and General Atlantic might think about making partial departures.

    Quick
    Shots

    •Licence enables PhonePe to onboard
    SMEs and startups, boosting digital financial inclusion.

    •PhonePe holds 46.5% UPI market share
    with 915 Cr transactions worth INR 12 Lakh Cr in Aug 2025.

    •PhonePe has over 650M registered
    users, processing 360M+ daily transactions.

    •PhonePe is preparing to file DRHP
    with SEBI; IPO expected in early 2026 at $7B–$8B valuation.

    •PhonePe seeks to raise $1.2B–$1.5B
    (INR 10K–13K Cr) through fresh issue + OFS.

  • NoPaperForms Takes the Leap—Transforms into Public Entity Ahead of IPO

    Supported by Info Edge, Nopaperforms is now a publicly traded company. The conversion was accepted by the company’s board at its May 22 meeting, according to its regulatory records that were accessed by a media outlet.

    Later, on May 26, during an extraordinary general meeting, its shareholders approved the removal of the word “private” from its name. As a result, the startup’s name has been modified from “NoPaperForms Solutions Private Limited” to “NoPaperForms Solutions Limited.”

    Companies that want to list on stock exchanges must first make the decision to become a public organisation. Meritto, registered as Nopaperforms, started getting ready to list on the exchanges around two months ago.

    It was reported in March that it had chosen SBI Capital and IIFL Capital to lead its first public offering. The board of NoPaperForms then approved a plan to pursue an IPO, according to its investor, Info Edge.

    Plans for the IPO

    It is anticipated that the startup will soon submit IPO paperwork. According to various media reports, the startup is valued at approximately INR 2,000 Cr ($234 Mn), and its public offering would be between INR 500 Cr and INR 600 Cr ($60-70 Mn).

    By the end of 2025, the listing is anticipated to become a reality. NoPaperForms, which was founded in 2017 by CEO Naveen Goyal and CSO Suraj Sapra, offers a range of software products for the education sector, such as campaign management, application management, and lead management systems.

    It provides solutions for handling every stage of the student lifecycle, from initial inquiry to final enrolment, through its flagship platform Meritto. Additionally, the education industry’s many stakeholders can work together and effectively manage the admissions process thanks to its unified platform.

     According to its records on Tofler, the startup earned a profit in FY24, reporting a standalone profit of INR 4 Lakh as opposed to a loss of INR 15 Cr in the prior fiscal year. From INR 48.2 Cr in the prior fiscal year to INR 70 Cr in the year under review, its revenue increased by 45.4%.

    IPO Trend Blossoming Among Indian Startups

    The SaaS startup’s listing would expand the number of publicly traded businesses emerging from Info Edge’s stable. Info Edge’s omnichannel jewellery business BlueStone is preparing to go public, while PB Fintech and Zomato have been listed for years.

    Prior to submitting its RHP, the jewellery company hopes to raise pre-IPO financing at a unicorn value after receiving SEBI’s approval for its IPO in April. In the meantime, the nation has seen an increase in new-age tech IPO filings in recent weeks.

    Major e-commerce company Meesho pre-filed its IPO documents today for a $1 billion IPO. Other modern technology businesses that have submitted their DRHPs to SEBI include Urban Company, Shiprocket, PhysicsWallah, Capillary Technologies, Pine Labs, and Curefoods, among others.

  • Meesho Takes Confidential Route, Files for $1 Billion IPO

    With its DRHP submitted to markets regulator SEBI under the confidential pre-filing procedure, e-commerce giant Meesho has joined the long line of Indian new-age digital businesses seeking to go public.

    According to various media reports, Meesho’s public offering will include a new offering of shares valued at roughly INR 4,250 Cr. Additionally, there would be a large offer for sale component, raising the potential IPO amount to $1 billion (about INR 8,550 Cr).

    This occurs one week after Meesho received approval from its board to fund up to INR 4,250 Cr (about $500 million) through a new public listing issue.

     Meesho, one of the major participants in the Indian e-commerce business and a rival to Amazon and Flipkart, was founded in 2015 by IIT alums Vidit Aatrey and Sanjeev Barnwal. Among its investors are companies like Facebook, Prosus, Elevation Capital, Peak XV Partners, Tiger Global Management, and DST Partners.

    Meesho’s IPO Planning

    For more than two years, the e-commerce company has been preparing for its initial public offering. Cofounder and CEO Aatrey stated in 2022 that Meesho aimed to go public on the stock exchanges within the next 12 to 24 months. It did not, however, move forward with the IPO during that time.

    In December 2024, when Prosus made public an 18-month schedule for the company’s IPO, the IPO discussion resumed. Last month, it also changed its name from Meesho Private Limited to Meesho Limited, becoming a public business.

    The board of the corporation approved the issuance of 411.4 Cr bonus shares at about the same time. Tiger Global, Think Investments, and Mars Growth Capital were among the new investors who joined Meesho’s cap table in January as the company finalised a $250 million to $270 million investment round ahead of filing its DRHP.

    Secondary deals made up the majority of the round. After the National Company Law Tribunal (NCLT) gave its clearance, the company recently moved its headquarters from the USA to India.

    In terms of finances, Meesho was able to reduce its loss from INR 1,675 Cr in FY23 to INR 304.9 Cr in the fiscal year that concluded on March 31, 2024, an 82% reduction. Operating revenue increased from INR 5,734.5 Cr in FY23 to INR 7,614.9 Cr, a 33% increase.

    India’s IPO Trend

    Indian new-age tech companies are lining up in large numbers to submit their draft papers at the same time as Meesho’s submission. In addition to Meesho, four other businesses submitted their DRHPs in the last week.

    But in the first half of 2025, the IPO pace was slowed by global tensions and the tariff war that US President Donald Trump started. Because of this, in H1 2025, just two cutting-edge IT companies—ArisInfra and Ather Energy—debuted on the public market.

    Nonetheless, it is anticipated that the number of IPOs will rise significantly in the second half of the year. Wakefit, Pine Labs, Curefoods, Capillary Technologies, Shadowfax, Shiprocket, and Urban Company are among the cutting-edge tech firms that have submitted their draft papers to SEBI and are currently seeking approval to begin their public offerings.

  • Wakefit Rolls Out IPO Plans, Targets to Raise INR 468 Cr

    Wakefit Innovations Ltd, a home and furnishings company, has submitted preliminary documents to the Securities and Exchange Board (Sebi) requesting permission to acquire capital through an initial public offering (IPO).

    According to the draft red herring prospectus (DRHP) submitted on June 26, the planned IPO of the Bengaluru-based company consists of an offer for sale (OFS) of 5.84 crore equity shares by the selling shareholders, along with a fresh issue of equity shares totalling up to INR 468.2 crore.

    Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP, Investcorp Growth Equity Fund, Investcorp Growth Opportunity Fund, and Paramark KB Fund are among the selling shareholders as part of the OFS, along with the promoters Ankit Garg and Chaitanya Ramalingegowda.

    How Wakefit Plans to Utilise Proceeds?

    Wakefit plans to use the INR 82 crore proceeds from the new issue to open 117 new COCO Regular Stores and one COCO Jumbo Store; INR 15.4 crore to buy new machinery and equipment; and INR 145 crore to pay license fees and lease and sublease rent for already-existing stores.

    The remaining sum would be utilised for regular business operations. In addition, INR 108.4 crore will go towards marketing and advertising costs to raise brand awareness and visibility.

    Additionally, the business might think about doing a pre-IPO placement of up to INR 93.6 crore. By implementing such a placement, the size of the fresh issue will be reduced.

    Wakefit’s Products and Business Operations

    Founded in 2016, Wakefit is one of the newest domestic companies in India’s home and furniture industry. The company distributes a variety of mattresses, furniture, and furnishings through both internal and external channels, including a number of marketplaces like multi-branded stores and major e-commerce platforms.

    Its full-stack vertical integration allows it to manage all facets of business operations, from product conception, design, and engineering to manufacturing, distribution, and customer experience and engagement.

    Two of Wakefit’s five manufacturing facilities are located in Bengaluru, Karnataka; the other two are in Hosur, Tamil Nadu; and the fifth is in Sonipat, Haryana.

    Due to a robust IPO market and a resurgence of investor interest in tech equities, a number of technology businesses intend to go public in 2025.

    Lenskart, an eyeglasses startup, has contacted investment banks to present for the mandate for its possible initial public offering (IPO), which may raise $1 billion. Groww, a stock broker, had selected five investment banks for a $1 billion initial public offering.

    In the near future, startups like SoftBank-backed OfBusiness and contract maker Zetwek hope to raise $1 billion through initial public offerings (IPOs). Up to 25 firms hope to debut on the public market in 2025.

    This comprises companies that aim for $500 million initial public offerings (IPOs), such as edtech company PhysicsWallah, AI unicorn Fractal, construction materials portal Infra.market, and leader in rapid commerce Zepto.

    With solid institutional support and a broad range of digital payment and issuance tools designed for India’s quickly digitising commerce sector, Pine Labs’ initial public offering (IPO) is anticipated to be a notable fintech listing in 2025.

  • Pine Labs Seeks INR 2,600 Cr via IPO, Files DRHP Papers with SEBI

    According to people familiar with the situation, the fintech unicorn Pine Labs filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on June 26.

    According to a media report, the company intends to raise up to INR 2,600 crore ($304 million) through a new share offering, while current investors such as PayPal, Mastercard, Peak XV Partners, and Macritchie Investments will sell up to 14.78 crore (147.8 million) shares.

    The proceeds of the new issuance will be utilised to pay down debt and make investments in companies including Pine Payment Solutions Malaysia, Pine Labs UAE, and Qwikcilver Singapore, in accordance with the DRHP.

    Axis Capital, Morgan Stanley, Citi, J.P. Morgan, and Jefferies to Manage Offerings

    The business might potentially think about placing shares up to INR 520 crore before the IPO. Axis Capital, Morgan Stanley, Citi, J.P. Morgan, and Jefferies are managing the offering.

    This represents a significant departure from its previous discussions since last year, when Pine Labs was allegedly considering an IPO of $1 billion (INR 8,300 crore). Pine Labs, which was last valued at $5 billion when it raised money in 2022, was granted permission in April to relocate its headquarters from Singapore to India.

    The platform has been branching out into other industries, such as online payments (Fave), Buy Now Pay Later (BNPL), invoice management, and gifting solutions, enabling merchants to diversify revenue sources. Its primary focus is on offline payments through Point of Sale (PoS) terminals.

    Due to a robust IPO market and a resurgence of investor interest in tech equities, a number of technology businesses intend to go public in 2025.

    Lenskart, an eyeglasses startup, has contacted investment banks to present for the mandate for its possible initial public offering (IPO), which may raise $1 billion. Groww, a stock broker, had selected five investment banks for a $1 billion initial public offering.

    In the near future, startups like SoftBank-backed OfBusiness and contract maker Zetwek hope to raise $1 billion through initial public offerings (IPOs). Up to 25 firms hope to debut on the public market in 2025.

    This comprises companies that aim for $500 million initial public offerings (IPOs), such as edtech company PhysicsWallah, AI unicorn Fractal, construction materials portal Infra.market, and leader in rapid commerce Zepto.

    With solid institutional support and a broad range of digital payment and issuance tools designed for India’s quickly digitising commerce sector, Pine Labs’ initial public offering (IPO) is anticipated to be a notable fintech listing in 2025.

  • In Preparation for its IPO, Meesho Becomes a Public Entity

    The board of the massive D2C e-commerce company Meesho has authorised the company’s transformation into a public company in preparation for an IPO.

    In an extraordinary general meeting on June 5, the board of Meesho passed a special resolution to change the company’s name from “Meesho Private Limited” to “Meesho Limited”, according to the startup’s MCA filing.

     According to the petition, the conversion will provide Meesho more freedom to pursue access to the capital market and bring its corporate structure into compliance with the legal requirements for a business looking to go public.

    According to the filing, the firm intends to remain prepared from a regulatory and compliance standpoint to facilitate such an offering when judged appropriate, even if the board has not yet authorised or started the IPO process.

    In order to harmonise corporate and brand identity, the company rebranded its parent corporation more than a month ago.

    Meesho Unveils INR 411 Cr Bonus Share Plan Ahead of IPO

    A plan to issue 411.4 Cr bonus shares has been authorised by Meesho’s shareholders before the e-commerce giant files its draft red herring prospectus (DRHP) with SEBI, the market regulator.

    The proposal to issue bonus shares of INR 1 each to equity owners in a 47:1 ratio was accepted by the members at an extraordinary general meeting on May 31, according to the company’s MCA filings.

    The filing stated that the board of directors has been given the members’ consent to issue 411.4 Cr bonus equity shares worth INR 1 each, which will be credited as fully paid-up shares to the holders of the company’s existing equity shares.

    The company’s paid-up share capital will rise from INR 8.7 Cr to INR 420.1 Cr after the allocation. Tiger Global Management, Peak XV Partners, Prosus, Meta, and Think Investments are among the backers of the Bengaluru-based e-commerce giant.

    Meesho’s IPO Preparations

    By the end of 2025, the e-commerce giant is reportedly hoping to generate up to $1 billion through its first public offering (IPO). For its initial public offering (IPO), the startup has selected Morgan Stanley, Kotak Mahindra, and Citi as its bankers.

    According to reports, the investors suggested valuing the public offering at $10 billion. In order to improve brand memory among its stakeholders prior to its eventual stock market offering, the business rebranded its parent corporation from Fashnear Technologies Private Limited to Meesho Private Limited last month.

     Similar actions have previously been taken by consumer services titan Swiggy, fintech unicorn Moneyview, and fast commerce startup Zepto. Meesho was first established in 2015 as a social commerce firm by Vidit Aatrey and Sanjeev Barnwal. In 2022, though, it switched to a marketplace model in order to compete with Amazon and Flipkart.