IPO-Bound Zepto Converts from Private to Public Company Status

Zepto has switched its legal structure from a private company to a public limited company, according to filings with the Ministry of Corporate Affairs. The approval came through at an extraordinary general meeting held on November 21, 2025.  

Along with the change in status, the company updated its memorandum and articles of association. The new structure is part of its preparation for a stock market listing expected next year. 

IPO Filing and Fundraise Plan 

As per the news reports, the company is working towards filing its draft red herring prospectus before the end of the current financial year.  

Zepto is expected to target a fundraise of around $500 million, roughly ₹4,500 crore, when it goes public. For the process, it has appointed banks including Goldman Sachs, Morgan Stanley and JM Financial. 

Move Back to India and Earlier IPO Timeline 

Zepto has been setting up its listing groundwork for a few months. After selecting its bankers, the company shifted its base back to India from Singapore.  

The firm had first considered a 2025 listing but pushed the plan to 2026. During this period, it raised additional funding to strengthen its financial position. 

Capital Raised in Recent Rounds 

As per news reports, in previous year, Zepto raised $665 million in June, followed by $340 million in August and $350 million in November.  

Another round of about $450 million closed in October, this year, valuing the company at close to $7 billion. These fundraises form a large part of its expansion and operational spending over the past year.. 

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Conclusion 

With its conversion to a public entity completed now, Zepto has moved a step closer to its planned market debut in the year 2026. 

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