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Zepto IPO Details
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Investment/lot
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Price Range
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Lot Size
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IPO Size
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About Zepto IPO
Though the buzz of quick commerce unicorn Zepto going for its initial public offering (IPO) in 2025 has been doing rounds, as per sources, the company has postponed its IPO plans by a year. It’s now believed that the company will launch its IPO in 2026, even though it will file its draft red herring prospectus (DRHP) with Sebi in the coming months.
The IPO opens on TBA. The IPO closes on TBA. The IPO closes on TBA. The listing of the IPO will take place on TBA. The credit of shares will take place on TBA. The initiation of refunds will take place on TBA.
A next-door quick commerce app, Zepto delivers a host of items like groceries, fruits, vegetables, electronics and much more to customers within minutes. Zepto was founded in 2021 by Aadit Palicha and Kaivalya Vohra.
Objectives of Zepto IPO
TBA
Zepto IPO Lot Size
| Application | Lots | Shares | Amount in INR |
|---|---|---|---|
Individual Investors (Retail) (Min) | TBA | TBA | TBA |
Individual Investors (Retail) (Max) | TBA | TBA | TBA |
HNI (Min) | TBA | TBA | TBA |
Industry Outlook
Riding on an increase in online orders, particularly from smaller towns and cities, the total addressable market (TAM) of quick commerce is likely to reach USD 57 billion by 2030. Sustained growth in quick commerce GOV, improvement in food delivery margins and a stable competitive environment will act as catalysts for the sector’s growth in the coming days.
E-commerce and quick commerce have witnessed a growth of 2 to 3 times in value than traditional trade channels. This has lowered the need for a traditional trade network for market entry into the sector.
Company Information
Zepto is a quick-commerce company delivering groceries and daily essentials to customers in just a few minutes. It was started by two young entrepreneurs, Aadit Palicha and Kaivalya Vohra. Zepto uses a network of small warehouses called ‘dark stores’ located in different areas of a city. It uses these dark stores to deliver items quickly. Through its mobile app, customers can order fruits, vegetables, snacks, milk, and other essentials anytime.
Strengths of Zepto
TBA
Risks of Zepto
TBA
Zepto Financials (in ₹ crores)
| Year | Revenue from Operations | Total equity and liabilities | Return on Net Worth (in %) |
|---|---|---|---|
FY25 | TBA | TBA | TBA |
FY24 | TBA | TBA | TBA |
FY23 | TBA | TBA | TBA |
Comparison with peers
| Company Name | Revenue from Operations (in ₹ crores) | EPS in ₹ | NAV Per Equity Share (in ₹) | Return on Net Worth (in %) |
|---|---|---|---|---|
Zepto | TBA | TBA | TBA | TBA |
Blinkit | TBA | TBA | TBA | TBA |
Instamart | TBA | TBA | TBA | TBA |
Flipkart Minutes | TBA | TBA | TBA | TBA |
Anchor Investor Bidding Date
TBA
IPO Registrar and Book Running Lead Managers
- IPO Registrar: TBA
- Book Running Lead Managers: TBA
Zepto Business Model
Zepto's business model is centred around ultra-fast grocery delivery through a network of strategically located dark stores. It generates revenue through product margins, delivery fees, subscription-based loyalty programmes and advertising. Advanced technology supports these operations. The company maintains cost-effectiveness and fast delivery services by optimising its supply chain and delivery efficiency.
Zepto Growth Trajectory
Zepto's revenue rose 149.4% to ₹11,110 crores in FY 25 as against ₹4,454 crores in FY 24. With the revenue growth outpacing expenditure, the company's losses decreased to ₹1248.60 crores in FY 24 from ₹1272 crores in FY 23. Its EBITDA margin also improved from (55.95%) in FY 23 to (23.81%) in FY 24.
Zepto Market Position
Processing upwards of 700,000 orders daily, Zepto delivers more than 25,000 products across various categories within 10 minutes, thanks to its network of dark stores. It operates more than 550 dark stores. The company has officially completed the move to its new office in Bengaluru, where it has consolidated all key teams under one roof.
Zepto Profit and Loss (in ₹ crores)
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Total Revenue | TBA | TBA | TBA |
Profit / (Loss) Before Tax | TBA | TBA | TBA |
Profit After Tax | TBA | TBA | TBA |
EBITDA | TBA | TBA | TBA |
EPS in ₹ | TBA | TBA | TBA |
Zepto Balance Sheet (in ₹ crores)
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Profit / (Loss) Before Tax | TBA | TBA | TBA |
Net Cash from Operating Activities | TBA | TBA | TBA |
Cash Generated (Used in) Investing Activities | TBA | TBA | TBA |
Net Cash Generated / (Used in) Financing Activities | TBA | TBA | TBA |
Cash and Cash Equivalents at the End of the Year | TBA | TBA | TBA |
How to Check Allotment Status of Zepto IPO?
1. Visit the Registrar’s Website
Visit the registrar’s website and check the link for IPO allotment status. Enter your application number, DP or client ID and click on ‘Submit’ to know the status.
2. Check on the National Stock Exchange Website
The National Stock Exchange website has an IPO bid verification module. You can use it to check the allotment status of Zepto IPO. Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.
On the IPO bid verification page, enter:
- Company name from dropdown
- Application number
- PAN
Then click 'Submit' to know the allotment status.
3. Check on the BSE Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Select 'Equity' from the dropdown menu
- Choose 'Zepto' in the next dropdown
- Enter your application number
- Enter your PAN
- Click 'Search’ to know allotment status
How to Apply for the Zepto IPO?
To apply for this IPO:
- Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Zepto IPO FAQs
What is the Zepto IPO?
The exact details of the Zepto IPO are yet to be announced.
When is the IPO of Zepto coming?
The exact dates of the IPO are yet to be announced.
Who is the CEO of Zepto?
Aadit Palicha is the CEO and co-founder of Zepto.
What is the lot size of shares in the Zepto IPO?
The lot size of shares in this IPO is yet to be announced.
From where can I read more about Zepto and its IPO?
You can read more about Zepto and its IPO from the company’s draft red herring prospectus here.