Zepto to Pre-File Confidential IPO Papers With SEBI on Dec. 26

The quick-commerce unicorn is pursuing SEBI’s confidential route to secure regulatory feedback before a public draft.

Overview

PTI and NDTV report that Zepto will submit a confidential draft red herring prospectus to SEBI on Dec. 26 as it prepares for an IPO.
Coverage indicates the company is targeting a listing in early 2026, subject to regulatory review and market conditions.
Earlier reports said the potential offering could be about $500 million with a mix of fresh shares and an offer for sale, with proceeds likely directed to expansion needs.
Bloomberg reporting cited Axis Bank, Motilal Oswal, and the India units of Morgan Stanley, HSBC, and Goldman Sachs as advisers on the filing.
Zepto is valued around $7 billion after raising about $1.8 billion, including $450 million in Oct. 2025, and as of September operated 900-plus dark stores with roughly $3 billion in gross sales; the confidential route offers feedback without public disclosure and allows up to 18 months to launch after approval.