Meesho’s IPO Countdown: Bonus Shares, Billion-Dollar Ambitions, and a Homecoming to India

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Meesho, the homegrown e-commerce unicorn, has just announced an impressive ₹411 crore bonus share issue as it gears up for its highly anticipated IPO, which is expected to value the company at a jaw-dropping $10 billion by Diwali 2025. This initiative is part of a broader strategy aimed at strengthening its market position and rewarding stakeholders ahead of going public.

Key Highlights

Bonus Share Issue: Meesho is preparing to issue bonus shares worth ₹411 crore to its shareholders, a strategic move designed to enhance shareholder value and boost market confidence as the IPO approaches.
Legal Entity Renamed: The company has received the green light from its board to change its legal name from “Fashnear Technologies Private Limited” to “Meesho Private Limited,” aligning its corporate identity with the brand that everyone knows and loves.
IPO Preparations in Full Swing: Meesho has brought on board Morgan Stanley, Kotak Mahindra Capital, and Citi as IPO advisers, and discussions are underway to potentially include JP Morgan. The IPO is slated for September–October 2025, perfectly timed with the festive Diwali season.
HQ Shift to India: In a significant regulatory move, Meesho is relocating its headquarters from Delaware, US, to India, with the reverse merger process nearing completion.
Record ESOP Actions: Co-founders Vidit Aatrey and Sanjeev Kumar have exercised ESOPs valued at over ₹1,023 crore, while the company has completed its largest-ever ESOP buyback of ₹200 crore, benefiting around 1,700 employees.
Strong Financials: Meesho reported a remarkable 33% year-on-year revenue growth, reaching ₹7,615 crore in FY24, and has slashed adjusted losses by an impressive 97% to just ₹53 crore. The platform processed 1.3 billion orders in the first nine months of FY25, with transacting users climbing to 175 million.

With these bold moves, Meesho is positioning itself as a serious player in India’s e-commerce scene, aiming to deliver value to both investors and its vast user base as it prepares for a landmark IPO.

Source: Angel One, Outlook Business, Inc42, Fortune India

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