Meesho To Issue 411 Cr Bonus Shares Ahead of IPO

Meesho, the e-commerce major, is set to issue 411.4 crore bonus shares ahead of its anticipated IPO filing with SEBI. Shareholders have approved the proposal to issue these bonus shares in a 47:1 ratio. This strategic move aims to optimize the company's capital structure and potentially enhance shareholder value prior to its public listing. Meesho is reportedly aiming to raise close to $1 billion through its IPO by the end of 2025, with bankers pitching a $10 billion valuation. This pre-IPO activity signals Meesho's advanced preparations for its market debut, positioning it as a key player in the Indian e-commerce landscape.