E-commerce platform Meesho is preparing to bring its IPO. It is being told that in the coming days, the company can secretly apply for this with SEBI. Softbank Group Corporation is also among the supporters of this Bengaluru-based company. Through this IPO, the company can raise from $ 700 million to $ 800 million.
Meesho changed its name
Meanwhile, Meesho has changed its name from Meesho Private Limited to Meesho Limited. In a general meeting held on june 5, the board of the company has also approved this proposal to change the name.
Let us tell you that the process of changing the name is considered very important before bringing an IPO. The purpose behind this is to increase the identity of its brand and attract investors. Apart from this, the shares of a private limited company cannot trade publicly as its ownership is limited. Whereas the shares of a public limited company can be listed in the stock market and people can buy it. Its stake is held by many shareholders. The company has said in its filing, we are thinking of many options for growth and bringing IPO at the right time will be part of our plan.
Meesho's dominance in the market is increasing
Like other e-commerce platforms, Meesho's scope in the indian markets is increasing. According to a report, out of the total orders placed on e-commerce platforms in india in the year 2024, 37 percent were from Meesho only. By the end of 2024, the number of customers shopping on Meesho's platform also increased to 18.7 crores. This year, Meesho's revenue jumped by 33 percent to Rs 7615 crore. Let us tell you that IPO is also a way to get listed in the stock market along with raising capital. This also increases awareness about the brand among the people.
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