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Zepto Files DRHP with SEBI for $1.2 Billion IPO, Targets August 2026 Listing

By , News Editor5 min read
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Mumbai Bombay Stock Exchange building with Indian tricolour flags at dawn

Quick-commerce major Zepto has filed its Draft Red Herring Prospectus with SEBI for a $1.2 billion IPO, comprising a fresh issue of $800M and an OFS of $400M, targeting a listing on BSE and NSE by late August 2026.

Key Facts

Key facts: Zepto Files DRHP with SEBI for $1.2 Billion IPO, Targets August 2026 Listing
DetailValue
Deal size$1.2 B
StageIPO
Valuation$7.5
HeadquartersMumbai, India
SectorZepto
CoverageStartup News

Mumbai-based quick-commerce company Zepto filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on July 2, 2026, kicking off one of the largest new-economy IPOs of the year.


Deal Structure


  • Total issue size: ~$1.2 billion (₹10,000 crore)
  • Fresh issue: $800 million
  • Offer for sale (OFS): $400 million by existing investors
  • Target valuation: $7.5–8 billion
  • Book-running lead managers: Morgan Stanley, Kotak, Goldman Sachs, ICICI Securities, Axis Capital

  • Use of Fresh Issue Proceeds


  • Expansion of dark-store network beyond 1,200 locations
  • Debt repayment of approximately $180M
  • Investment in private-label brands and Zepto Café rollout
  • General corporate purposes and technology

  • Financial Snapshot (FY26)


  • Revenue from operations: ₹18,400 crore (86% YoY growth)
  • Gross Order Value: ₹32,100 crore
  • Adjusted EBITDA margin: –2.1% (from –7% in FY25)
  • Contribution margin: +6.2% across mature stores

  • Why It Matters


    Zepto's filing marks the first pure-play quick-commerce IPO in India and sets a valuation benchmark for the sector. Success will unlock the pipeline for PhysicsWallah, Meesho and Rapido, all of which are in various stages of pre-IPO preparation.

    zeptoipodrhpsebiquick commercejuly 2026

    Reported by Ananya Raghavan. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.

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