Zepto Gets SEBI nod for Rs. 9000+ Cr IPO

Zepto IPO Update: Quick Commerce Giant Gets SEBI Approval for Rs. 9,000+ Crore IPO

Zepto has received approval from the Securities and Exchange Board of India (SEBI) for its much-awaited initial public offering (IPO), paving the way for one of India’s biggest startup listings in 2026.

According to sources, the Bengaluru-based quick commerce company is expected to raise between $800 million and $1 billion (around Rs. 7,500 crore to Rs. 9,300 crore) through the public issue. The IPO is likely to be largely a fresh issue and could hit the primary market within the next 60–90 days.

Zepto had confidentially filed its draft red herring prospectus (DRHP) with SEBI in December 2025. The company is now expected to submit an updated DRHP (UDRHP) shortly before launching the IPO.

Founded in 2020, Zepto is set to become India’s first pure-play quick commerce company to list on the stock exchanges. The startup competes directly with Swiggy Instamart and Eternal (Zomato) Blinkit in the rapidly growing 10-minute delivery segment.

The company had earlier received in-principle approval from SEBI and was reportedly evaluating investor demand, valuation expectations and market conditions under the regulator’s “testing the waters” framework.

Zepto’s shareholders had approved the IPO proposal in December 2025, making it one of the youngest Indian startups preparing for a public listing. The company also completed its reverse flip from Singapore to India earlier this year to align with domestic listing norms.

For the IPO, Zepto has appointed leading investment banks including Morgan Stanley, Axis Capital, HSBC, Goldman Sachs, JM Financial, IIFL Securities and Motilal Oswal.

In October 2025, Zepto raised $450 million at a valuation of $7 billion through a mix of primary and secondary funding rounds.

Market experts believe the Zepto IPO could emerge as one of the most closely watched new-age technology listings in India, especially as investor interest in quick commerce and digital consumption businesses continues to remain strong.