Tue, 20 Oct 2026
03:27:04 pm
Rudransh Sangwan
Published at: October 11, 2026, 9:54 AM
Synopsis
Zepto IPO details include an ₹8,010 crore fresh issue, FY26 revenue of ₹22,624 crore and a ₹5,905 crore net loss. Explore its business model and key risks.

Zepto IPO: Quick-commerce company Zepto Limited has filed an Updated Draft Red Herring Prospectus-I (UDRHP-I) dated June 8, 2026, outlining its proposed initial public offering (IPO). The offer includes a fresh issue of shares worth up to ₹8,010 crore and an offer for sale by existing shareholders.
The IPO price band, lot size and opening and closing dates are yet to be specified in this draft prospectus.
| Particulars | Details |
|---|---|
| Company | Zepto Limited |
| IPO type | Fresh issue and Offer for Sale |
| Fresh issue size | Up to ₹8,010 crore |
| Offer for Sale | Up to 11.35 crore shares |
| Face value | ₹5 per share |
| Proposed listing | BSE and NSE |
| Promoters | Aadit Palicha and Kaivalya Vohra, among others |
| Registrar | KFin Technologies |
| Book-running lead managers | Axis Capital, Morgan Stanley, Goldman Sachs and others |
Zepto operates in India's quick-commerce market, delivering groceries, fresh produce, household essentials, personal care products and other items through its digital platform.
As of March 31, 2026, the company had 1,139 dark stores across 66 cities. Its business model generates revenue through product sales, merchant commissions, advertising, platform fees and supply-chain services.
Zepto has recorded strong revenue growth, but its losses have also increased.
| Financial Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue from operations | ₹4,454.52 Cr | ₹11,109.95 Cr | ₹22,623.58 Cr |
| Total income | ₹4,544.17 Cr | ₹11,602.75 Cr | ₹23,128.38 Cr |
| Net loss | ₹1,214.79 Cr | ₹4,699.71 Cr | ₹5,905.19 Cr |
Source: Restated consolidated financial statements in the draft prospectus.
The company proposes to use the fresh issue proceeds for business expansion and operational requirements, including lease payments for dark stores and investments in its infrastructure. The final allocation should be checked in the updated offer documents.
Zepto faces intense competition, high operating expenses and continued losses. Its business also depends on efficient delivery operations, supply-chain management, customer retention and access to capital.
Investors should review the final IPO price, valuation, financial performance and risk factors before making an investment decision.
Disclaimer: This article is for informational purposes only and is not investment advice. IPO details may change in the final prospectus.

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