Overview
- Zepto plans to pre-file its DRHP with SEBI on Dec. 26 via the confidential route, targeting a 2026 market debut, with some reports flagging a July–September window.
- The confidential process allows initial SEBI feedback without public disclosure and provides up to 18 months to launch the offering.
- Investors approved a fresh issue of up to INR 11,000 crore on Dec. 23, and the IPO is expected to include an offer for sale by existing shareholders.
- Axis Bank, Motilal Oswal, and the India units of Morgan Stanley, HSBC and Goldman Sachs are advising, with final size, timing and pricing still under discussion.
- The company is valued around $7 billion after raising roughly $1.8 billion, and as of September it ran 900+ dark stores with about Rs 1,000–1,100 crore cash burn and roughly $3 billion in gross sales.