Archive · 12 Jun 2025
Meesho to Complete Reverse Flip, Plans IPO Filing This Month
Meesho, an online shopping company, is getting ready to sell shares to the public, which is called an IPO.
They are moving their company back to India and should finish the process soon.
They plan to ask for money from investors this month, aiming to raise around $700 to $800 million.
Several big banks are helping with the IPO, and the company made less of a loss and more money last year.
Many other companies are also moving back to India.
Meesho is set to complete its reverse flip process this week.
The company plans to file for an IPO via the confidential route this month.
Meesho aims to raise between $700 million to $800 million through the IPO.
Citigroup, Kotak Mahindra Capital, and Morgan Stanley are investment bankers.
In FY24, Meesho reduced its loss to INR 304.9 crore with revenue at INR 7,614.9 crore.
- Who
- Meesho, an e-commerce company.
- What
- Meesho is preparing for an IPO and redomiciling to India.
- When
- Reverse flip to complete this week, IPO filings this month.
- Where
- India, after redomiciling from the US.
- Why
- To raise capital through an initial public offering and align with Indian regulatory expectations.
- Reverse Flip Completion
- This week
- IPO Filing
- This month (via confidential route)
- Target IPO Amount
- $700 Mn - $800 Mn
- Investment Bankers
- Citigroup, Kotak Mahindra Capital, Morgan Stanley
- FY24 Loss
- INR 304.9 Cr
- FY24 Revenue
- INR 7,614.9 Cr
