Zepto Ltd. IPO Details
Zepto was incorporated on December 6, 2020. The company is one of India’s fastest-growing quick commerce platforms, supported by a network of 1,139 dark stores, a broad product assortment, and a technology-driven supply chain that enables rapid order fulfillment. Its automated operations, in-house inventory and workforce management systems, and large delivery partner network support efficient delivery of millions of orders daily across diverse product categories
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 113.5 M | - | - | ₹80,100.0 M | DRHP DOC |
Zepto issue details
Zepto has 113.5 M shares on offer
Zepto IPO issue size is ₹ 80,100.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Zepto IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Zepto NUMBER OF SHARES ON OFFER
Zepto FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 22,623.6 | -5,905.2 | -3,462.4 | -4,127.4 | -20.3% |
| FY25 | 11,109.9 | -4,699.7 | -4,624.8 | -5,506.0 | -35.6% |
| FY24 | 4,454.5 | -1,214.8 | -1,097.9 | -1,220.5 | -21.5% |
Zepto INFORMATION ON IPO ISSUE
About Zepto
Zepto was incorporated on December 6, 2020. The company is one of India’s fastest-growing quick commerce platforms, supported by a network of 1,139 dark stores, a broad product assortment, and a technology-driven supply chain that enables rapid order fulfillment. Its automated operations, in-house inventory and workforce management systems, and large delivery partner network support efficient delivery of millions of orders daily across diverse product categories
Object of the Issue
- Expenditure for expansion of their dark store network through setting up of new dark stores in existing and new geographies
- Expenditure towards lease rentals of existing dark stores
- Investment in technology and cloud infrastructure
- Investment in its subsidiary, Zepto Marketplace Private Limited for marketing and business promotion expenses for enhancing the brand awareness and visibility of their platform
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Zepto - PROMOTERS
| Name |
|---|
| Aadit Palicha |
| Kaivalya Vohra |
| Kavit Palicha |
| Jaideep Vohra |
| Lazarus Trust |
| The Vohra Trust |
Zepto - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Paul Hudson | Chairman & Non-Executive Nominee Director |
| Aadit Palicha | Managing Director & Chief Executive Officer |
| Kaivalya Vohra | Whole-Time Director |
| Ramesh Bafna | Whole-Time Director & Chief Financial Officer |
| Akhil Gupta | Independent Director |
| Anulakshmi Hariharan | Independent Director |
Zepto Book Running Lead Manager
Axis Capital Limited
zepto.ipo@axiscap.in
Morgan Stanley India Company Private Limited
zeptoipo@morganstanley.com
Goldman Sachs (India) Securities Private Limited
gs-zepto@gs.com
Motilal Oswal Investment Advisors Limited
zepto.ipo@motilaloswal.com
HSBC Securities and Capital Markets (India) Private Limited
zeptoipo@hsbc.co.in
JM Financial Limited
zepto.ipo@jmfl.com
IIFL Capital Services Limited
zepto.ipo@iiflcap.com
Zepto Registrar to the Offer
KFin Technologies Limited
einward.ris@kfintech.com
Zepto Strengths
Neighborhood densification
The company addresses India’s preference for frequent, convenience-driven purchases by offering a wide assortment of daily-use products with fast delivery and affordable pricing. Its neighborhood densification strategy strengthens operational efficiency, reduces delivery costs, enhances customer value, and supports sustained growth through increasing order volumes and dark store expansion
Data-driven growth
The company benefits from a self-reinforcing data-driven flywheel, where growing order volumes generate valuable consumer insights that help optimize product assortment and availability at a local level. This enhances user experience, increases customer engagement and repeat purchases, and further strengthens data-driven decision-making and growth
Operational excellence
The company emphasizes operational excellence through technology-driven processes, in-house software, automation, and continuous improvement initiatives that enhance efficiency, scalability, and fulfillment accuracy. Its focus on optimized dark store placement, last-mile delivery efficiency, workforce capabilities, and automation enables faster deliveries, lower costs, and a highly scalable operating model
Zepto Risks
Man-power retention risks
The company’s ability to attract and retain a large network of delivery partners is critical to ensuring timely order fulfillment and supporting business growth. Failure to offer competitive earnings, incentives, and support benefits could impact delivery partner retention, leading to operational challenges and adversely affecting financial performance and customer service levels
Warehouse operations risks
The company’s supply chain efficiency depends on maintaining strategically located and cost-effective warehouses operated by third-party logistics providers. Any disruption in warehouse operations, inability to expand capacity, dependence on non-exclusive operators, or delays in adopting automation and technology solutions could adversely affect service quality, growth prospects, and financial performance
Competition
The company operates in a highly competitive and rapidly evolving market, facing competition from established players and new entrants with strong financial resources, advanced technologies, and aggressive pricing strategies. Failure to innovate, maintain competitive offerings, attract users and partners, or respond effectively to market and technological changes could adversely affect its market position, growth, and financial performance
IPO FAQs
The promoters of the company are Aadit Palicha, Kaivalya Vohra, Kavit Palicha, Jaideep Vohra, Lazarus Trust and The Vohra Trust.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.