Zepto IPO Date, Valuation and Latest News: Filed, Now on Hold

Zepto was meant to be one of the big listings of 2026. The quick commerce company filed a confidential draft prospectus in December 2025 and an updated draft with SEBI on 8 June 2026, seeking about ₹8,010 crore through a fresh issue along with an offer for sale.

Then the pricing conversations went badly. Bloomberg reported in July that foreign investors were valuing the company at about $4.5 billion before the new money, and domestic institutions at $3 billion to $3.5 billion, far below the $7 billion valuation Zepto reached in a private round in October 2025. On 1 August, Bloomberg reported that the IPO had been put on hold. Zepto has chosen to wait rather than list at a steep discount.

Zepto IPO details: what we know so far

The confidential route lets a company keep its draft private until it is close to launching, and gives it flexibility on timing. That flexibility is exactly what Zepto is now using.

Zepto IPO latest news and timeline

• October 2025: Zepto raises private money at a valuation of about $7 billion.
• December 2025: Zepto files a confidential draft prospectus with SEBI, targeting a 2026 listing and a raise of around ₹11,000 crore.
• 8 June 2026: Zepto files an updated DRHP for a fresh issue of about ₹8,010 crore plus an offer for sale.
• 17 July 2026: Bloomberg reports institutional investors are valuing Zepto well below its last round.
• 1 August 2026: Bloomberg reports the IPO is on hold. Zepto raises more than ₹1,000 crore from existing investors in a pre-IPO placement.
• 1 August 2026: CEO Aadit Palicha tells employees at a town hall that the company will list in “roughly two to three more quarters”, as reported by Moneycontrol.

About Zepto and its founders

Zepto operates around 1,100 dark stores, small warehouses that let it deliver groceries and household items within minutes across Indian cities. It competes with Blinkit, owned by Eternal, Swiggy Instamart, Flipkart Minutes and BigBasket. The company has said it is targeting EBITDA breakeven by FY28 and full year profitability by FY29.

Zepto IPO valuation: the numbers investors will look at

The gap between Zepto’s last private valuation and what public market investors are willing to pay is the story. A $7 billion private mark against $3 billion to $4.5 billion in IPO talks is a cut of roughly 35% to 55%. Reports say domestic mutual funds were looking at a fresh private round at about $2.5 billion to $3 billion after the new money, though this had not been confirmed as closed.

Investors will compare Zepto with listed peers Eternal and Swiggy, both of which run large quick commerce arms, on order growth, contribution margin per order and cash burn.

What could change the plan

Quick commerce is still burning cash across the industry, and competition is intense. If listed peers fall further, Zepto’s valuation could come down again. A down round before the IPO, if confirmed, would set a lower anchor for pricing. The approval window on its filing also limits how long it can wait without refiling.

Zepto IPO review: what it means for investors

When Zepto returns, expect the price to be set much closer to the valuations investors indicated in 2026 than to the $7 billion private mark. That could make the issue more attractive for public investors, but the business remains loss making and competitive.

As a loss making company, its retail quota is likely to be capped at 10%, which means lower allotment odds if demand is strong.

Zepto IPO: frequently asked questions

Disclaimer: This article tracks reported IPO plans and is for information only. It is not investment advice. Plans, sizes and dates can change or be dropped. Wait for the RHP and official exchange notices before making any decision. Data as of 18 October 2026.