SEBI Provides In-Principle Approval For Zepto’s IPO

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.

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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