Zepto IPO: Fast trading platform files confidentially with Sebi, sources say

High-speed trading platform Zepto has filed draft papers for its initial public offering (IPO) worth $1.3 billion (about Rs 11,682 crore) with market regulator Securities and Exchange Board of India (Sebi), experts said.ET reported on December 25 that the Aadit Palicha-led company is looking to raise around Rs 11,000 crore in fresh capital, with the rest coming from early investors putting up shares for sale.

Zepto, the youngest company to appear on the public market, received the green light from its shareholders during 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 the Zepto issuance. The fast-trading company moved its base back to India from Singapore in January.

Zepto closed a $450 million round in October in a mix of primary and secondary transactions, valuing the company at $7 billion.

Zepto did not respond to ET’s questions.

Bengaluru-based Zepto competes with the likes of Swiggy and Zomato’s parent company Eternal, both of which are on the list. The company plans to list in the July-September quarter of 2026. By filing a confidential application – a route also being followed by the likes of Swiggy, Meesho and Groww – Zepto can review the size of the IPO before ultimately launching with the issue.