Zepto Unlisted Shares: CCPS-to-Equity and the IPO Wait

Zepto, the 10-minute quick-commerce company founded by Aadit Palicha and Kaivalya Vohra, is one of the most-searched pre-IPO names in India. Two 2026 developments matter for unlisted buyers.

CCPS converted to equity

Ahead of any IPO, Zepto completed an important housekeeping step: it converted its compulsorily convertible preference shares (CCPS) into equity — reportedly around 692 crore CCPS into about 904 crore equity shares, taking total equity to roughly 1,260 crore shares. Cleaning up convertible securities is a standard pre-IPO requirement, and it makes the valuation math cleaner once a price band is announced.

The IPO is on hold — for now

Zepto has signalled it is preparing to list, but reports in 2026 say it deferred the IPO and instead raised private funding from existing and overseas investors. So a listing is a matter of "when", not a confirmed date.

What the unlisted price reflects

On ShareSaathi this page is Zepto equity (ISIN INE143401029), distinct from any separately traded CCPS line — always confirm the instrument. See the live Zepto unlisted share price; it is an indicative off-market ask, not an exchange price. There is no fixed on-screen bid: to exit, you raise a sell request and the desk works a price against live demand.

Risks

Quick commerce is cash-burning and fiercely competitive (Blinkit, Swiggy Instamart, BigBasket), Zepto's reported return on equity has been deeply negative, and it trades at a rich price-to-book. A future listing can re-price the name in either direction, and pre-IPO shares carry a six-month post-listing lock-in.

Disclaimer: Unlisted shares are illiquid and prices are indicative, not exchange-quoted. A listing is never guaranteed. ShareSaathi settles confirmed lots off-market to your demat; this is information, not investment advice.