Zepto IPO: SEBI has approved the IPO papers of Zepto. With this, the quick commerce unicorn is se to raise fuds via the public listing of its shares.
Zepto said that it obtained SEBI's observations on its IPO papers in the first week of May.
A SEBI parlance, obtaining observations is equivalent to securing approval to float public offering.
According to a Moneycontrol report, Zepto (Zepto IPO) will raise funds between USD 800 million and USD 1 billion (around Rs 7,500 crore to 9,300 crore).
Zepto will now have to file an updated draft red herring prospectus (UDRHP) with SEBI.
Sources said that Zepto could list its shares well within 90 days after filing the UDRHP.
Zepto, founded in 2020, competes with Eternal and Swiggy -- both already listed.
Zepto had started work on its IPO back in September 2024. It is believed that Zeopto has already appointed merchant bankers to manage its public offer.
Zepto claims to deliver over 2.5 million orders per day.
