Ahmedabad Times

India’s IPO pipeline has acquired a contemporary increase, with market regulator Sebi clearing a clutch of public points led by fast commerce participant Zepto, setting the stage for one of the crucial intently watched new-age listings of 2026.The Aadit Palicha-led firm, which not too long ago transformed itself right into a public firm from Zepto Non-public Restricted to Zepto Restricted, is making ready for a public market debut that might elevate round $1.3 billion, or roughly Rs 11,000-12,000 crore, in accordance with earlier ET reviews.

If the problem goes by as deliberate, Zepto may change into the youngest venture-backed Indian startup to hit the general public markets, simply 4 years after inception, at a time when investor urge for food for shopper web and platform companies has returned after profitable listings by corporations equivalent to Swiggy.

Zepto’s proposed fundraising is anticipated to incorporate a sizeable contemporary challenge of round Rs 11,000 crore, together with an offer-for-sale by early traders, in accordance with earlier reviews.

The IPO comes at a vital time for India’s fast commerce battle, the place Zepto is taking up listed rivals Everlasting-owned Blinkit and Swiggy Instamart, moreover newer entrants equivalent to Flipkart Minutes and Amazon Now.
The itemizing may also considerably strengthen Zepto’s conflict chest. As of late final yr, the corporate had round Rs 7,000 crore in money, in contrast with roughly Rs 17,000-18,000 crore every with listed rivals Everlasting and Swiggy.
Zepto had raised $450 million in October final yr at a valuation of $7 billion, with the spherical together with each major and secondary transactions. Following that fundraise, the corporate sharply stepped up buyer acquisition efforts, growing reductions and eradicating platform charges in a number of markets as competitors intensified.

The Bengaluru-based firm had earlier shifted its domicile again to India from Singapore, a transfer more and more seen amongst venture-backed startups making ready for home listings.

Funding bankers engaged on the problem embody Morgan Stanley, Axis CapitalHSBC, Goldman Sachs, JM Monetary, IIFL Securities and Motilal Oswal, in accordance with earlier reviews.

The proposed itemizing is anticipated within the July-September quarter of 2026, and will emerge as one of many greatest web IPOs after Swiggy.

Zepto’s public market debut additionally comes amid a broader revival in India’s startup itemizing cycle. After a powerful IPO market in 2025, a number of shopper web and know-how corporations together with PhonePe, Flipkart, Shadowfax, Shiprocket and Curefoods are additionally evaluating listings.

Other than Zepto, Sebi has additionally cleared IPOs of Dhoot Transmission, Horizon Industrial Parks, Surgiwear, Crystal Crop Safety, and Resort Polo Tower, including additional depth to the first market pipeline.

Amongst them, Crystal Crop Safety, considered one of India’s bigger crop options corporations, and Horizon Industrial Parks, backed by institutional actual property capital, are anticipated to attract robust institutional consideration.