Zepto IPO 2026
India's leading 10-minute delivery platform plans to raise ~₹11,000-₹12,000 crore. SEBI approved May 8, 2026. Open date to be announced.
Last updated: 18 October 2026 · Dates and figures are unconfirmed until the RHP is filed.
Fresh Issue
₹8,010 Cr
Expected Price
₹300-₹350
Valuation
~$5.6B
Open Date
TBA
IPO Key Details
| Total Issue Size | ~₹11,000-₹12,000 crore |
| Fresh Issue | ₹8,010 crore |
| Offer for Sale (OFS) | ~₹3,000-₹4,000 crore (promoter/investor exit) |
| Expected Price Band | ₹300-₹350 per share (unconfirmed) |
| Expected Valuation | $5.5-$6 billion |
| DRHP Filed | 25 December 2025 (updated June 9, 2026) |
| SEBI Approval | 8 May 2026 |
| Expected Open Date | TBA (Oct - Dec 2026 window) |
| Exchange | BSE + NSE |
| Category | Mainboard IPO |
| Promoters | Aadit Palicha & Kaivalya Vohra (co-founders) |
| GMP (Indicative) | Active grey market expected 2-3 weeks before open |
* Details per DRHP (filed Dec 25, 2025; updated Jun 9, 2026) and SEBI approval May 8, 2026. Final price band and dates to be announced.
About Zepto
Zepto (Kiranakart Technologies Pvt. Ltd.) was founded in 2021 by Aadit Palicha and Kaivalya Vohra, both Stanford dropouts. The company pioneered 10-minute grocery delivery in India through a network of micro-warehouses (dark stores) located within 2-3 km of residential clusters.
As of mid-2026, Zepto operates in 40+ Indian cities including Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, and Pune. The platform lists 8,000+ SKUs across grocery, fresh produce, personal care, and household essentials.
The company raised $665 million in funding before the IPO at a $3.6B valuation in June 2024, later achieving unicorn status. Its IPO valuation of ~$5.6B (cut from an earlier $7B target) reflects investor caution around quick-commerce profitability timelines.
Pros & Cons - Should You Apply?
✓ Strengths
- •Quick commerce leader - operates in 40+ Indian cities with 10-minute delivery promise
- •Fastest-growing food & grocery delivery platform; competition directly with Blinkit, Swiggy Instamart
- •₹8,010 Cr entirely fresh issue - all funds go into business expansion, no promoter cashout from fresh proceeds
- •Revenue grew sharply YoY; moving towards profitability with improving unit economics
- •Strong backer base: Y Combinator, Glade Brook, Nexus, Motilal Oswal, Avenir Growth
- •Valuation cut from $7B to $5.6B - more realistic multiple vs Blinkit (part of Zomato) comparables
✗ Risks
- •Not yet profitable - still burning cash to scale; EBITDA positive timeline uncertain
- •Intense competition: Blinkit (Zomato), Swiggy Instamart, BigBasket Now, JioMart Express
- •Customer acquisition and retention costs remain high in quick commerce
- •Unit economics depend on high order frequency and basket size - vulnerable to consumer slowdowns
- •OFS component means some early investors and employees are exiting
- •Quick commerce regulatory risks: local body restrictions on dark stores in some cities
Frequently Asked Questions
What is Zepto IPO price band?
The official price band has not been announced. Based on analyst estimates and the company's last valuation of ~$5.6 billion, the price is expected in the ₹300-₹350 range per share. Final price band will be disclosed in the RHP.
When will Zepto IPO open?
SEBI approved Zepto's IPO on May 8, 2026. No formal subscription dates have been announced. Analysts expect the IPO to open between October and December 2026 based on market conditions.
What is Zepto's business model?
Zepto operates a quick-commerce platform delivering groceries, fruits, vegetables, and daily essentials in 10 minutes using a dark store (micro-warehouse) network across 40+ Indian cities.
How much is Zepto's issue size?
Zepto plans a total raise of ₹11,000-₹12,000 crore: ₹8,010 crore as a fresh issue and the rest as an Offer for Sale (OFS) by existing shareholders.
Is Zepto IPO a good investment?
Zepto is a high-growth, high-risk IPO. It's in a fast-growing segment but not yet profitable. Suitable for investors with higher risk appetite who believe quick commerce will become mainstream in India. Compare with Blinkit (Zomato subsidiary) performance before deciding.
What will Zepto use the IPO proceeds for?
Zepto intends to use the fresh issue proceeds primarily for expanding its dark store network, technology infrastructure, customer acquisition, and general corporate purposes including working capital.
Disclaimer: This page is for informational purposes only and does not constitute investment advice. Details based on publicly available DRHP filed with SEBI. Verify all data from official SEBI/registrar sources. CoinMind does not hold any financial interest in companies mentioned.