SEBI Clears Zepto IPO Worth Over $1 Billion; 5 More Companies Receive Approval

The Securities and Exchange Board of India (SEBI) has approved a fresh batch of public issues, including the much-awaited initial public offering (IPO) of quick commerce startup Zepto, giving a further push to India’s primary market activity in 2026.

The approval paves the way for one of the biggest internet-sector listings expected this year.

Zepto Moves Closer To Dalal Street Debut

Quick delivery platform Zepto, led by Aadit Palicha, is preparing to enter the stock market with an issue size estimated at more than $1 billion.

The company had recently converted itself from a private entity into a public company as part of its listing preparations. Reports earlier indicated that the IPO could raise nearly ₹11,000 to 12,000 crore through a mix of fresh issue and offer-for-sale components.

If the listing goes ahead on schedule, Zepto could become one of the youngest Indian startups to go public within a few years of launch.

The proposed issue comes at a time when competition in the quick commerce segment has intensified sharply. Zepto competes with Blinkit, Swiggy Instamart, Flipkart Minutes, and Amazon’s rapid delivery business.

Competition In Quick Commerce Intensifies

The planned IPO is expected to strengthen Zepto’s financial position as it is likely to continue spending aggressively on customer acquisition, discounts, and dark store expansion.

The startup had raised fresh capital last year at a valuation of around $7 billion. Following that fundraising, the company expanded operations rapidly across major cities.

Zepto had also shifted its domicile back to India from Singapore, joining a growing list of startups opting for domestic listings.

According to earlier reports, Zepto IPO is being managed by investment banks including Morgan Stanley, Axis Capital, HSBC, Goldman Sachs, JM Financial, IIFL Securities, and Motilal Oswal.

Market participants expect the listing process to move ahead during the July-September quarter of 2026.

Five Other Companies Also Get SEBI Approval

Apart from Zepto, SEBI has also cleared IPO proposals of several other companies across sectors.

These include:

• Dhoot Transmission

• Horizon Industrial Parks

• Surgiwear

• Crystal Crop Protection

• Hotel Polo Tower

Among them, Crystal Crop Protection and Horizon Industrial Parks are expected to attract institutional interest because of their presence in the agriculture and industrial real estate segments, respectively.

The latest approvals indicate that IPO activity in India continues to remain strong as more companies line up to tap public markets.

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Source:

The Economic Times