Upcoming Zepto IPO: From Singapore to India; Key approvals and shifts – Here’s what you need to know

Zepto, another rapidly growing quick commerce platform, is gearing up to make its entry on the Indian stock market with an upcoming IPO. This recent development comes after a series of approvals and decisions, paying way for the company to transition back to India from Singapore.

Here are the key details surrounding this development: Strategic Merger to Simplify Structure

Zepto’s parent company, Kiranakart Technologies, recently received approval from the National Company Law Tribunal (NCLT) for a merger with its Singapore-based entity. On the one hand, this move simplifies the company in the process of attracting investors both from India and abroad as well as it streamlines Zepto’s corporate structure, making it more efficient for future funding and operations.

The Domicile Shift

Another key development to note is Zepto shifting its domicile from Singapore to India, a transition that is expected to be finalised within the next 30 days. This will help the quick commerce company to come more closer to Indian markets.

As the company prepares for its IPO, this move also positions the company to attract domestic investors.

Also Read: Markets end in green but tech under pressure, Nifty IT Index slumps 2%; rupee slips to yet another new low 

Regulatory approval

One of the major and key highlights in this development is the approval of the merger without the need for a no-objection certificate from the RBI. This eliminates one major regulatory step for Zepto, speeding up the process and allowing the company to focus on other aspects of its IPO preparation.

Zepto’s IPO timeline and draft filing plans

As per reports, the quick commerce company Zepto is planning to file its draft IPO papers by March or April but the company has not yet disclosed anything officially. A key board meeting on January 19 will help finalise important details, such as the appointment of investment bankers and independent directors, and determine the size of the IPO.

Zepto’s fundraising plan

The company is aiming to raise between USD 400 million and USD 500 million through its IPO, as per various reports.

Furthermore, the funds will help Zepto compete with major players like Swiggy and Zomato, who have already paved the way for food delivery platforms to go public.

Operational changes

In addition to its IPO plans,

 » Read More

Related Articles

The Evolution of Gurgaon’s Real Estate: How Dwarka Expressway is leading the way

With rising demand and consistent price appreciation, Gurgaon’s real estate market is on a strong growth trajectory. Its prime location, excellent connectivity, and world-class infrastructure make it a preferred choice for homebuyers and investors alike. The Evolution of Gurgaon Real Estate Infrastructure Gurgaon has long been a pioneer in shaping India’s luxury real estate market

Fixed Deposit: Make the most of current FD rates before they start falling

Fixed deposit (FD) rates are currently looking pretty attractive. If you’ve been thinking about parking your savings in guaranteed return investment schemes and earn decent returns, this might be the best time to do so. Banks are currently offering interest rates as high as 8% on FDs, with smaller banks pushing the envelope even further.

FPIs’ incessant selling continues; withdraw Rs 7,300 crore from equities in a week

The exodus of FPIs from the Indian equity markets continued unabated, as they withdrew over Rs 7,300 crore (about 840 million) in the first week of this month due to global trade tensions, with the US imposing tariffs on countries such as Canada, Mexico, and China. This came following an outflow of Rs 78,027 crore

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

The Evolution of Gurgaon’s Real Estate: How Dwarka Expressway is leading the way

With rising demand and consistent price appreciation, Gurgaon’s real estate market is on a strong growth trajectory. Its prime location, excellent connectivity, and world-class infrastructure make it a preferred choice for homebuyers and investors alike. The Evolution of Gurgaon Real Estate Infrastructure Gurgaon has long been a pioneer in shaping India’s luxury real estate market

Fixed Deposit: Make the most of current FD rates before they start falling

Fixed deposit (FD) rates are currently looking pretty attractive. If you’ve been thinking about parking your savings in guaranteed return investment schemes and earn decent returns, this might be the best time to do so. Banks are currently offering interest rates as high as 8% on FDs, with smaller banks pushing the envelope even further.

FPIs’ incessant selling continues; withdraw Rs 7,300 crore from equities in a week

The exodus of FPIs from the Indian equity markets continued unabated, as they withdrew over Rs 7,300 crore (about 840 million) in the first week of this month due to global trade tensions, with the US imposing tariffs on countries such as Canada, Mexico, and China. This came following an outflow of Rs 78,027 crore

Co-working spaces boom in small towns

In December last year, Andhra Pradesh chief minister N Chandrababu Naidu, in a bid to boost employment opportunities for women, ordered state officials to facilitate development of co-working spaces and “neighbourhood working spaces”. By the end of 2025, Andhra Pradesh aims to set up 1,50,000 seats in co-working space centres in government and private buildings.

India most expensive market: Valuation guru Aswath Damodaran

By Ananya Grover The Indian stock market is the most expensive and no amount of “hand-waving” can justify the story of paying 31 times earnings, 3 times revenue and 20 times EBITDA, in the aggregate, for Indian companies, believes valuation guru Aswath Damodaran. The New York University finance professor, in a recent blog post,  noted