Shardul Amarchand Mangaldas & Co (SAM), Cyril Amarchand Mangaldas (CAM), Khaitan & Co and Latham & Watkins represented parties involved in Indian e-commerce company Meesho’s proposed IPO bid on the National Stock Exchange of India and the Bombay Stock Exchange.
The issue comprises a fresh issue of INR425 billion (USD483 million) worth of shares and certain shareholders – including Peak XV Partners, Elevation Capital, Y Combinator Continuity and South Park Commons – offering existing stock for sale.
SAM advised Meesho on filing of the red herring prospectus for the proposed IPO, with partners Prashant Gupta and Ruth Chenchiah leading the transaction team. Senior associates Koshy Mammen and Rishika Sharma, and associate Abhit Tanay assisted.
Khaitan & Co advised the bookrunning lead managers – Kotak Mahindra Capital, JP Morgan India, Morgan Stanley India, Axis Capital and Citigroup Global Markets India. Latham & Watkins served as international counsel.
The Khaitan deal team included partners Abhimanyu Bhattacharya, Aditya Cheriyan and Chirayu Chandani, with the support of principal associate Tishita Mukherjee and senior associate Hrithik Khurana. Associates Aayush Virani, Aastha Sarda, and Siddharth Jain assisted.
CAM counselled all the shareholders selling stock in the proposed IPO. The team comprised partners Yash Ashar and Gayathri Ramachandran, with the assistance of associates Megha Rajesh and Maria Palamattom.
Meesho, is an Indian e-commerce company based in Bengaluru. Founded in December 2015, it connects suppliers and customers across fashion, home, beauty, electronics, and daily essentials.
