
Zepto Equity
vs. prev. close ₹31
52W High
₹58
52W Low
₹26
Market cap
₹4,682 Cr
IPO stage
DRHP filed
Risk level
High
CIN
U46909MH2020PLC351339
Price History
52W High
₹58
52W Low
₹26
About Zepto Equity
Zepto Limited, India's quick-commerce grocery delivery platform, more than doubled FY26 consolidated revenue to Rs 22,623.58 crore (up 103.63%) while its net loss also widened to Rs 5,905.19 crore (loss per share Rs 5.05), with Total Equity down to Rs 5,997.89 crore as it moves toward a disclosed plan to list its shares, following large-scale post year-end conversion of its Compulsorily Convertible Preference Shares into ordinary equity.
The Short Version :
Zepto Limited (formerly Kiranakart Technologies), a quick-commerce grocery delivery platform operating through dark stores across India, more than doubled FY26 consolidated revenue to Rs 22,623.58 crore from Rs 11,109.95 crore, a 103.63% increase. The company remains loss-making at scale: consolidated loss for the year widened to Rs 5,905.19 crore from Rs 4,699.71 crore, with loss per share of Rs (5.05) versus Rs (3.64). Total equity fell to Rs 5,997.89 crore from Rs 8,586.13 crore as accumulated losses ate into reserves, and the company has disclosed its intent to list its equity shares on one or more stock exchanges.
Why It Trades Where It Does :
Zepto is a hypergrowth story still burning capital at scale: revenue more than doubled, but so did losses in absolute terms, and Total Equity nearly halved as losses accumulated, Other Equity flipped from positive Rs 1,017.29 crore to negative Rs 2,248.79 crore. The capital structure is dominated by Compulsorily Convertible Preference Shares (Rs 6,971.37 crore, larger than ordinary equity capital itself), and a subsequent-events note discloses large-scale conversion of multiple CCPS series into ordinary equity shares after the balance sheet date, consistent with pre-IPO cap table cleanup. This is a business betting on continued top-line scale and eventual path to profitability, not one to value on current earnings or book value.
Top Risks :
Losses widened in absolute terms even as revenue more than doubled, so scale alone hasn't yet bent the business toward profitability.
Total Equity nearly halved year-on-year as accumulated losses pushed Other Equity negative, a capital base that depends on continued external funding or IPO proceeds.
The capital structure is complex, with a large CCPS pool now converting to equity post year-end; the exact resulting share count and ownership dilution for existing holders isn't fully clear from this filing alone.
Top Opportunities :
Revenue growth of 103.63% in a single year shows the quick-commerce model continuing to scale rapidly in India.
Disclosed intent to list equity shares on stock exchanges signals a near-term path to liquidity for current shareholders.
Large-scale CCPS-to-equity conversion post year-end simplifies the cap table ahead of a public listing, typically a precursor to IPO readiness.
Disclaimer :
Priveq.in is an informational platform for unlisted and pre-IPO shares, operated by Priveq Investech Private Limited (the named counterparty on transactions). Unlisted shares carry risks including illiquidity, valuation uncertainty, and limited regulatory disclosure. This page is informational only and does not constitute investment advice.
Company Details
Industry
Quick Commerce : Consumer Services
Founded
2021
Headquarters
Bengaluru, Karnataka, India
Min Lot Size
1
Face Value
₹5.00
Total Shares
1510166357
Regulatory Information
Corporate Identity Number (CIN)
U46909MH2020PLC351339
PAN Number
AAICK4821A
ISIN
INE143401029
Depository
NSDL & CDSL
Registrar & Transfer Agent (RTA)
KFin Technologies
Key Valuation Ratios
Valuation
Market Cap
₹4,681.52 Cr
P/E Ratio
—
Not meaningful — loss-making
P/S Ratio
0.21×
P/B Ratio
0.67×
EV / EBITDA
—
Returns & Per Share
ROE
-84.67%
EPS
₹-4.67
Book Value / Share
₹5.52
Solvency
Debt / Equity
0.00×
Interest Coverage
-21.25×
Company Fundamentals
As of FY2026 Annual · updated 04 Sept 2026Gross Profit
₹4,425.21 Cr
EBITDA
₹-4,732.51 Cr
Revenue Growth
103.63%
Profit Margin
-26.04%
Performance Trends
4 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.00×
EBITDA Margin
-20.92%
Interest Coverage
-21.25×
Financial Statements
| Line item | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|
| Total Income | ||||
| Revenue from operationsDisclosed | 2,025.7₹ Crore | 4,454.52₹ Crore | 11,109.95₹ Crore | 22,623.58₹ Crore |
| Other incomeDisclosed | 51.91₹ Crore | 44.06₹ Crore | 492.81₹ Crore | 504.79₹ Crore |
| Total IncomeDerived | 2,077.61₹ Crore | 4,498.58₹ Crore | 11,602.76₹ Crore | 23,128.37₹ Crore |
| Expenses | ||||
| Cost of goods soldDisclosed | 1,863.4₹ Crore | 3,481.08₹ Crore | 9,542.12₹ Crore | 18,198.37₹ Crore |
| Employee benefits expenseDisclosed | 263.45₹ Crore | 426.26₹ Crore | 1,241.56₹ Crore | 1,784.67₹ Crore |
| Finance costsDisclosed | 43.06₹ Crore | 56.86₹ Crore | 136.8₹ Crore | 264.79₹ Crore |
| Depreciation and amortization expenseDisclosed | 67.59₹ Crore | 120.98₹ Crore | 404.08₹ Crore | 894.26₹ Crore |
| Manufacturing expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Operating expensesDisclosed | 366.9₹ Crore | 580.3₹ Crore | 1,604.88₹ Crore | 3,046.34₹ Crore |
| Other expensesDisclosed | 745.7₹ Crore | 1,081.8₹ Crore | 3,311.64₹ Crore | 4,838.32₹ Crore |
| Total ExpensesDerived | 3,350.1₹ Crore | 5,747.28₹ Crore | 16,241.08₹ Crore | 29,026.75₹ Crore |
| Profit | ||||
| Exceptional itemsDisclosed | 0₹ Crore | 0₹ Crore | 57.12₹ Crore | 6.82₹ Crore |
| Profit before taxDerived | -1,272.49₹ Crore | -1,248.7₹ Crore | -4,581.2₹ Crore | -5,891.56₹ Crore |
| Current tax expenseDisclosed | 0₹ Crore | 0₹ Crore | 4.28₹ Crore | 0₹ Crore |
| Deferred tax expenseDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Tax expenseDisclosed | 0₹ Crore | 0₹ Crore | 4.28₹ Crore | 0₹ Crore |
| Profit After TaxDerived | -1,272.49₹ Crore | -1,248.7₹ Crore | -4,585.48₹ Crore | -5,891.56₹ Crore |
| Other comprehensive incomeDisclosed | 43₹ Lakh | -3.96₹ Crore | -7.65₹ Crore | 18.26₹ Crore |
| Total Comprehensive IncomeDerived | -1,272.06₹ Crore | -1,252.66₹ Crore | -4,593.13₹ Crore | -5,873.3₹ Crore |
Zepto seals pre-IPO fundraise, defers listing to focus on execution - Business Standard
Zepto seals pre-IPO fundraise, defers listing to focus on execution Business Standard
Zepto files UDRHP for Rs 8,010 Cr fresh issue; Nexus Venture claims 77% of OFS - Entrackr
Zepto files UDRHP for Rs 8,010 Cr fresh issue; Nexus Venture claims 77% of OFS Entrackr
Our research on this company
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Current Price
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About Zepto Equity unlisted shares
Indicative · updated dailyZepto Equity unlisted share price today
Zepto Equity unlisted share price today is ₹31 as of 16 October 2026.
Zepto Equity — frequently asked questions
- How does Zepto Equity compare to its listed peers?
There is no closely comparable listed company for Zepto Equity in India today.
- Is Zepto Equity on the SME or Mainboard IPO track?
Zepto Equity has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is Zepto Equity's CIN and registered office?
Zepto Equity's Corporate Identity Number is U46909MH2020PLC351339, registered at Bengaluru, Karnataka, India.
- What is Zepto Equity's market capitalisation?
Zepto Equity's market capitalisation is approximately ₹4,682 crore, based on its current unlisted share price.
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Buying, selling and holding unlisted shares
Applies to every company on Priveq- How do I buy Zepto Equity unlisted shares?
Priveq Investech Private Limited is the named counterparty on every transaction. To buy Zepto Equity unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, Zepto Equity shares are transferred off-market straight to your demat account, with no pooling and no middlemen.
- How do I sell Zepto Equity unlisted shares?
Submit an Express Sell Interest for Zepto Equity through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Zepto Equity shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
- What is the minimum investment for Zepto Equity unlisted shares?
Minimum investment varies by company and is shown as the Min Investment figure on this page. Zepto Equity's minimum is ₹31.
- Is there a maximum investment limit?
There's no fixed maximum investment limit for Zepto Equity unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.
- Is buying Zepto Equity unlisted shares legal in India?
Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.
- What is the lock-in period for Zepto Equity unlisted shares?
Zepto Equity has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
- What happens if Zepto Equity's IPO is delayed or withdrawn?
If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.
- How are capital gains on Zepto Equity unlisted shares taxed?
If you sell unlisted shares, including Zepto Equity, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Zepto Equity lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
- Can NRIs invest in Zepto Equity unlisted shares?
Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.
- Does Priveq charge a platform fee on top of the share price?
No. The price quoted to you is all-in; there is no separate platform fee or brokerage added on top.
- How does Priveq determine the desk price for Zepto Equity?
Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for Zepto Equity specifically, broader sentiment in the unlisted and pre-IPO market, how Zepto Equity's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.
Because unlisted shares trade over the counter rather than on an exchange, this price is indicative, not a continuously live quoted market price, and the actual deal price is confirmed with you directly before a transaction closes.
- Is Priveq SEBI-registered? Does it give investment advice?
Priveq is not a SEBI-registered stock exchange and not a SEBI-registered investment adviser. Priveq Investech Private Limited operates Priveq.in as a research and information platform for unlisted and pre-IPO shares, and is the named counterparty on transactions executed through the platform. Nothing on this page is investment advice; it's information to help you evaluate a company and decide for yourself.
- Am I eligible to invest through Priveq if I'm not an HNI?
Yes. Priveq isn't a stock exchange with membership restrictions, and investing isn't limited to HNIs. Depending on the company, entry points can start as low as ₹20,000, though the minimum for any specific company is shown as the Min Investment figure on its page.
- What documents do I receive after buying unlisted shares?
You receive an email acknowledging and confirming your order, along with a deal note or invoice recording the transaction details.
- What happens to my shares or money if a deal falls through?
Because Priveq is the direct counterparty on every transaction rather than just connecting a buyer and seller, this risk sits with Priveq, not with you. If a deal falls through after you've committed funds or shares, they remain safe, and Priveq guarantees a refund.
