Zepto IPO: Inside the Rs 8,010 crore fresh issue – 6 red flags from ED summons to audit weakness

All eyes are now on the Zepto IPO date. As the company filed the updated DRHP outlining plans to raise Rs 8,010 crore in a fresh issue, there’s a lot of buzz about the risks listed in the IPO DRHP.

The IPO DRHP mentions that Zepto’s founders received summonses from the Enforcement Directorate (ED) in April this year. However, it also added that this was for information and documents related to foreign investments, financials, and the company’s business, in connection with proceedings under the Foreign Exchange Management Act (FEMA).