Economic TimesLean R·
Zepto files updated DRHP for $1 billion IPO
Quick commerce company Zepto on Monday filed its updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for a $1 billion (Rs 9,500 crore) initial public offering, moving closer to one of the most anticipated new-age listings of the year.The IPO will comprise a fresh issue of shares worth Rs 8,010 crore and an offer-for-sale (OFS) of 113 million shares by existing shareholders, according to the updated prospectus. The five-year-old company had filed its IPO p…
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