Quick commerce platform has converted itself into a public company as it prepares for an initial public offering, changing its registered name from Zepto Private Limited to Zepto Limited through a special resolution passed by its shareholders.
“The company intends to list its equity shares…on one or more stock exchanges. For this purpose, the company proposes to undertake an initial public offering,” it said in a regulatory filing with the Registrar of Companies.
ET had reported last month that the company is once again preparing to file draft documents for an initial public offering, reviving the listing plans it had put on hold earlier this year, according to people aware of the matter.
The Bengaluru-based firm is likely to file its draft red herring prospectus soon under the capital market regulator Sebi’s confidential route.