SEBI Provides In-Principle Approval For Zepto’s IPO

By Kotak News Desk
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07 Apr 2026 at 5:51 PM IST
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Market News
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4 minutes read

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Summary

Quick commerce startup Zepto has secured in-principle approval from the market regulator for its IPO. The company is now engaging with investors and preparing to file final documents.

Quick commerce and grocery-delivery start-up Zepto has received in-principle approval for an Initial Public Offering (IPO) from the Securities and Exchange Board of India (SEBI).

However, the company is still in the “feeling things out” stage. It means that there are discussions with institutional investors to assess demand, valuations, and market appetite. It is yet to file formal papers for the IPO.

Once the company files formal papers, Zepto IPO details like opening and closing dates and price band will become clear.

Details Of The IPO

Earlier, on 23 December 2025, Zepto received shareholder approval to go public. As a result, it made a confidential filing for an IPO to raise approximately $1.2 billion.

Now that the company has the in-principle approval from the market regulator, it can proceed with formal filings for the public issue. According to the reports, it is targeting a late April deadline for filing the updated documents.

If everything pans out smoothly, Zepto will become one of the youngest Indian start-ups to float an IPO.

Also Read - Garuda Aerospace Files DRHP Via The Confidential Route: Targets ₹1,000 Crore IPO

Who Are The Investment Bankers?

As per the regulatory filing, Zepto has appointed Morgan Stanley, Axis Capital, HSBC, Goldman Sachs, JM Financial, IIFL Securities and Motilal Oswal as investment bankers for its IPO.

In January 2025, the company relocated its base from Singapore to India by completing a reverse merger. This transition was an important step as it readied itself for a public listing.

Sources:

NDTV Profit

Livemint

The Economic Times

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

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