The Grey Market Premium (GMP) for Zepto’s IPO is currently around ₹240 per share, indicating strong investor interest.
The IPO is expected to be a book-built issue of ₹4,500 crores, comprising both fresh issues and offers for sale. The anticipated price band is above ₹2,750 per share, with a minimum investment of approximately ₹14,900 for retail investors.
Zepto has received approval to shift its holding entity from Singapore to India, with the National Company Law Tribunal scheduled to hear its reverse merger application on January 17, 2025. A board meeting is planned for January 19 to deliberate on the IPO size, appointment of bankers, and other related matters.
The company aims to become the first standalone quick-commerce firm to go public in India, competing with platforms like Blinkit and Swiggy’s Instamart. Zepto’s rapid growth and strong financial backing have positioned it as a significant player in the market, with a valuation of $5 billion as of August 2024.
Investors are advised to monitor official announcements for the confirmed IPO dates and listing details. The current GMP suggests a positive reception, but market conditions can change, and it’s essential to consider all factors before making investment decisions.
Disclaimer: Investing in IPOs involves risks. Please consult with a financial advisor before making investment decisions.
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