Zepto's UDRHP flags 10 risks as ₹8,010 cr fresh issue, 113M-share OFS head to market
Zepto's updated DRHP lays bare the bull-bear tension: Q4FY26 revenue jumped 75% YoY to ₹7,498 cr across 1,139 dark stores, yet FY26 restated losses ballooned to ₹5,905 cr. Founders hold just 19.6%. IPO funds dark-store rollout, leases, tech and marketing.
What happened
Zepto filed updated DRHP with SEBI for IPO comprising ₹8,010 crore fresh issue and 113 million share OFS. Proceeds fund dark-store expansion, leases, tech and
Key facts
- fresh issue ₹8,010 crore
- OFS 113 million shares
- 1,139 dark stores
- Q4FY26 revenue ₹7,498 crore (+75% YoY)
- net loss ₹1,539 crore
- FY26 restated loss ₹5,905 crore
- founders' stake 19.6%
Why this matters
Zepto's IPO war chest for dark-store expansion and marketing raises the cost of competing in quick commerce, pressuring rivals to consolidate or secure deeper capital partners.