Zepto Secures SEBI Approval for $1 Billion Initial Public Offering
Zepto Limited
IPOZepto Receives Key SEBI Approvals for Indian Stock Exchange Listing
Quick commerce startup Zepto has made significant progress in its listing plans, receiving key approvals from the Securities and Exchange Board of India (SEBI). This development paves the way for the company to list on Indian stock exchanges, according to sources familiar with the matter.
As a result of the approvals, Zepto will now focus on preparing the updated draft red herring prospectus (UDRHP) and aims to list on the exchanges within a timeframe of 60-90 days. To raise the necessary funds, the company is looking to raise anywhere between $800 million and $1 billion (approximately Rs 7,500 crore to Rs 9,300 crore).
Founded in 2020, Zepto will become the only pure-play quick commerce company to list on the Indian stock exchanges once the listing is completed. The company did not immediately respond to Moneycontrol's queries regarding this development.
| Comparison of Zepto's Listing Plans | | --- | --- | | Zepto | Other Quick Commerce Companies | | $800 million - $1 billion (listing funds) | - | | 60-90 days (listing timeframe) | - | | Founded in 2020 | - |
This is a developing story, and we will provide updates as more information becomes available.
Investor Takeaway
Zepto is planning to raise $800 million to $1 billion in its initial public offering.
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