Zepto IPO: Updated DRHP outlines Rs 8,010 crore fresh issue to fund dark store blitz
The buzz in the IPO pipeline is back – Quick commerce major, Zepto has filed the updated draft red herring prospectus for its proposed initial public offering. The IPO comprises a fresh issue of shares worth up to Rs 8,010 crore and an offer for sale of up to 113.47 million shares by existing investors.
While proceeds from the offer for sale will go to shareholders selling stake, the fresh issue capital is earmarked for expanding the company’s dark store network, funding lease obligations, strengthening technology infrastructure, supporting marketing initiatives and pursuing acquisition opportunities.
