Zepto IPO: Qcomm platform makes confidential filing with Sebi
Quick commerce platform Zepto has filed draft papers for its $1.3-billion (around Rs 11,682 crore) initial public offering (IPO) with market regulator Securities and Exchange Board of India (Sebi), people in the know said.
ET reported on December 25 that the Aadit Palicha-led company is looking to raise about Rs 11,000 crore in fresh capital, with the remaining from early investors who are offering shares for sale.
Zepto, which will be the youngest company to hit the public markets, got the greenlight from its shareholders at an extraordinary general meeting (EGM) on December 23.
Morgan Stanley, Axis Capital, HSBC, Goldman Sachs, JM Financial, IIFL Securities and Motilal Oswal are bankers for Zepto’s issue. The quick commerce firm moved its base back to India from Singapore in January.
Zepto, in October, closed a $450-million round in a mix of primary and secondary transactions, valuing the company at $7 billion.
Zepto did not respond to ET’s queries.
Bengaluru-based Zepto competes with the likes of Swiggy and Zomato's parent Eternal, both of which are listed. The company is planning its listing in the July-September quarter of 2026. Making a confidential filing — a route also taken by the likes of Swiggy, Meesho and Groww — will allow Zepto to revise its IPO size before finally launching the issue.
ET reported on December 25 that the Aadit Palicha-led company is looking to raise about Rs 11,000 crore in fresh capital, with the remaining from early investors who are offering shares for sale.
Zepto, which will be the youngest company to hit the public markets, got the greenlight from its shareholders at an extraordinary general meeting (EGM) on December 23.
Morgan Stanley, Axis Capital, HSBC, Goldman Sachs, JM Financial, IIFL Securities and Motilal Oswal are bankers for Zepto’s issue. The quick commerce firm moved its base back to India from Singapore in January.
Zepto, in October, closed a $450-million round in a mix of primary and secondary transactions, valuing the company at $7 billion.
Zepto did not respond to ET’s queries.
Bengaluru-based Zepto competes with the likes of Swiggy and Zomato's parent Eternal, both of which are listed. The company is planning its listing in the July-September quarter of 2026. Making a confidential filing — a route also taken by the likes of Swiggy, Meesho and Groww — will allow Zepto to revise its IPO size before finally launching the issue.
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