TL;DR
Zepto is set to file its updated DRHP with SEBI early next week and launch investor roadshows, targeting a ₹10,000 crore+ IPO in July 2026. The company is backed by explosive growth of 2.5 million daily orders.
Introduction
Quick commerce startup, Zepto is set to file an updated Draft Red Herring Prospectus (DRHP) with market regulator SEBI early next week.
It is about bringing India’s most anticipated consumer internet IPO one step closer to reality. The Aadit Palicha-led company Zepto is also preparing to kick off investor roadshows shortly after this filing. The Zepto IPO target launch date is in late June or July 2026.
The updated DRHP will include the details on financials, operational metrics, store expansion plans, and use of IPO proceeds.
Zepto IPO: Key Details at a Glance
Parameter | Details |
IPO Size | |
Issue Type | |
DRHP Route | |
SEBI Approval Received | |
Updated DRHP Filing | |
Expected IPO Launch | |
Listing Exchange | NSE & BSE |
Valuation Target |
Source: economictimes
Zepto’s IPO Journey: From Confidential Filing to Roadshows
Zepto began its IPO process by confidentially filing its DRHP with SEBI on December 26, 2025 using a confidential route that allows startups to keep filing details private while seeking regulatory feedback.
The original filing projected an IPO size of approximately ₹11,000 crore, largely through fresh capital issuance. (TOI)
In May 2026, Zepto received SEBI’s formal observations (approval), clearing the path for a public updated DRHP filing.
Zepto IPO: Effect On Zepto Unlisted Share Price
These are some of the effects of the Zepto DRHP and IPO filings:
Zepto Unlisted shares have already corrected after its sharp fall of 30% since April 2026. It dropped from ~₹58 to ~₹39.08 per share today.
Down 40% from its peak after the stock hit a December 2025 high of ~₹68 per share and has since declined significantly. It reflects valuation reassessment in the pre-IPO market.
As the public DRHP filing approaches, the arbitrage opportunity in the unlisted market shrinks. It causes some investors to exit their pre-IPO positions.
Regardless of the strong business metrics, broader geopolitical tensions and weak sentiments across the unlisted market have further dragged prices down.
Zepto’s Explosive Business Growth: The Numbers
The Zepto IPO comes on the back of remarkable operational scale-up that makes its growth story compelling for investors:
Daily order volumes have surged to more than 2.5 million orders per day, up sharply from 1.5-1.7 million orders previously.
Net Order Value (NOV) has nearly doubled. From approximately $500 million per quarter in late 2025 to nearly $1 billion per quarter currently.
In the current quarter, Zepto has crossed ₹10,000 in NOV which is a key milestone for a business.
The company is targeting 25-30% quarter-on-quarter revenue growth and aims to achieve full year post tax profitability by FY 2029.
Zepto IPO Size Revised Upward-A Sign of Investor Confidence
The planned Zepto IPO size has been revised upward from the initially discussed range of $800 million to $1billion to over $1billion.The revision strongly signals the company’s strong confidence in institutional investor appetite. It also indicates the dramatic improvement in its business fundamentals over the past six months.
Why the Zepto IPO Matters for Indian Investors?
Everyone is eyeing Zepto’s IPO. It is shaping up one of the largest new-age technology listings in India in recent years. The upcoming IPO will allow retail and institutional investors to participate in India’s booming quick commerce sector.
With roadshows expected to begin shortly after the DRHP filing, investor engagement will intensify across domestic and global institutional investors. Watch this space closely, the Zepto IPO could be India’s largest biggest consumer internet listing of 2026.
Conclusion
The Zepto IPO is a landmark moment for India’s quick commerce sector. With SEBI’s approval in hand, an updated DRHP imminent and business metrics hitting record high, Zepto is firmly on track for one of India’s most watched listings of 2026.
Closely track the roadshows announcements before IPO opens for subscriptions.
FAQs
What is the Zepto IPO size?
Zepto is targeting an IPO over ₹10,000 crore. Initially it was ₹11,000 crore in as confirmed in its confidential filing in December 2025.
When is Zepto planning to open for subscription?
Zepto is targeting their IPO launch in late June or July 2026.
What stock exchanges will Zepto list on?
Zepto plans to list on both NSE and BSE.
Who are the main quick commerce market competitors for Zepto?
Zepto has direct competition with Blinkit, Swiggy Instamart, and Flipkart Minutes.
