Zepto Gets SEBI Approval for $1 Billion IPO: What It Means for Zepto Unlisted Shares Investors

Zepto IPO: The Big SEBI Approval News

The Securities Exchange Board of India (SEBI), the Indian Market Regulator, has issued a letter of observation to Zepto, meaning the company can be approved for a public initial offering. [1]

Moneycontrol states that Zepto plans to submit a new Draft Red Herring Prospectus (DRHP) in about 6 to 8 weeks. [1] Zepto’s IPO will be a first for India’s internet startup with a valuation equals to about $1 billion. [1][2]

Reports show that the IPO has a projected growth of 3-4x, inflating the company’s valuation to 3-4 billion. [1]

The public issue is expected to consist of:

A fresh issue of shares (primary offering) [1]

An offer-for-sale (OFS) component by early investors looking to partially exit [1]

The listing is expected on the July–September 2026 horizon. [1]

What This Means for Zepto Unlisted Shares Investors

Any investors with Zepto unlisted shares have definitely reached a milestone with this announcement. SEBI’s approval is the first public announcement that indicates that Zepto’s listing is coming very soon and is no longer a rumor. So what does this mean now?

• Price Discovery Is Near: The unlisted shares and grey market will soon start estimating the valuation of Zepto.
• OFS Component Introduces Trading: The unlisted shares will start seeing a lot of interest for trading as the initial investors will begin conducting an offloading of their shares via the OFS. [1]
• Advantage of Knowing the Lock-in Period: Investors of Zepto unlisted shares must take into account the normal lock-in period associated with an IPO.

If you are looking for a complete list of Zepto unlisted shares and want to compare them with other pre-IPO shares, look on our website for the most recent updates.

Zepto Unlisted Shares Price: Where Do They Stand Today?

The Zepto unlisted shares price has certainly begun capturing interest after the firm raised a valuation of $7 billion with a valuation of $450 million with interest led by The California Public Employees’ Retirement System (CalPERS) in October 2025. [3] Today, the trading of Zepto unlisted shares occurs in thepre-IPO unlisted share market with the company’s last valuation. With the approval by SEBI, the demand for the unlisted share price is predicted to increase significantly.

Key Metrics at Last Fundraise (October 2025):

• Valuation: $7 billion
• Total Funding Raised: Over $2.45 billion
• Key Investors: General Catalyst, DST Global, Lightspeed Venture Partners, CalPERS

Note: unlisted share prices are fluid and represent a daily estimate. Prior to investing, always check the price of Zepto unlisted shares on a reputable pre-IPO website.

Zepto Share Price in Grey Market

Pricing of Zepto shares on the grey market (GMP) provides a preliminary answer to the interest of buyers and sellers prior to the formal listing of shares. In the grey market, the prices of shares are priced as per the private negotiations between buyer and seller, as it represents the buyers’ belief that the shares will be listed. Apart from Zepto unlisted shares, investors can also explore NSE unlisted shares and MSEI unlisted shares.

How to Buy Zepto Shares Before the IPO

How can an investor buy Zepto shares prior to the listing on the exchange? There are two main options:

Option 1: Unlisted Shares Market

Through the market of unlisted shares, Zepto shares are sold by unlisted shares dealers in the private market. This is a transaction that is legally compliant and that consists of an exchange with the direct purpose of transferring ownership of shares through the shares’ demat notations.

IPO Process

1. Find a verified unlisted share dealer or platform. (Delisted Stocks is a great example)

2. When unlisted shares have not been revealed, determine the worth potentially negotiable based on records.

3. Sign transfer documents with a brief KYC.

4. Your shares will be transferred, and the corresponding demat account will be

5. You will have the option to either hold or sell or even both in the unlisted market.

Zepto shares are anticipated to become publicly tradable on both BSE and NSE after the IPO. This is significant to almost all private and institutional investors in the Indian market. [1]

Zepto Unlisted Shares NSE Listing Outlook

When Zepto shares are listed on NSE, investors from the unlisted market will have BSE, NSE, and the unlisted market at their disposal to trade in. This is likely to expose early unlisted investors to the potential of value creation for the first time since they bought the shares. Conversely, there is also the risk of value destruction if the market price upon listing is below what the shares are expected to trade at after listing. Upon listing, Zepto will become a direct public competitor to its peers in the Indian market, namely Swiggy and Eternal (the parent of Blinkit), allowing industry comparables for valuation.

Zepto’s Financial Snapshot: Strong Revenue, Wider Losses

While considering the Zepto unlisted shares IPO option, investors will have to balance Zepto’s growth and Zepto’s widening losses.

• Total Revenue: FY25 – 9,668.8 Crores (FY24 – 4,223.9 Crores – 129% YoY growth)
• FY25 Net Loss – 3,367.3 Crores (FY24 – 1,214.7 Crores – 177% widening)
• Losses Balance – growth driven by a massive number of orders and a massive expansion[4]
• Recent Actions – loss reduction by closing Zepto Daily loyalty program in February 2026[4]

The growing loss is a typical outcome of the fast-growing quick deliveries in their growth and expansion phase. Investors will have to keep a close eye on the updated FY26 numbers in the DRHP on closure profitability and directives.

Competition in India’s Quick Commerce Market

The quick commerce sector is getting busier. This is both risky and adds context to the Zepto IPO story:

• Blinkit (Eternal): Eternal provided Rs 450 crore to Blinkit via a rights issue in early 2026, the first new capital for the subsidiary that year, following Rs 2,600 crore in 2025. [6]
• Amazon Now: Amazon is planning to bring the Amazon Now offering to 100 cities, adding 1,000 new micro-fulfilment centres as part of Rs 2,800 crore (~$300 million) for new logistics and changes in associate safety and operations. [7]
• Regulatory Headwinds: The Union Ministry of Labour directed all quick commerce companies, including Zepto, to tone down their promises for fixed-time deliveries due to issues around the safety of riders. [1]

Even with this competition, the SEBI approval provides Zepto with a structural edge: the ability to access public capital for the next growth.

Final Takeaway for Zepto Unlisted Share Investors

Zepto’s recent SEBI approval means that uncertainty is either gone or fading about their IPO window. Investors in the Zepto unlisted shares list, or those who plan to enter, for the next 8–12 weeks, should create a game plan as updates for the DRHP, price bands, and market sentiment will all be published during this time. For more accurate and timely information on Zepto unlisted shares, Grey market prices, and recent news on the IPO, visit Delisted Stocks. They are leading the market with their knowledge on unlisted and pre-IPO stocks.

FAQs

Sources and Citations

[1] Indian Startup News (ISN), May 9, 2026 — “Aadit Palicha-led Zepto gets SEBI approval for $1 billion IPO: Report” — Primary news source. Confirms: SEBI observation letter issued; IPO size Rs 8,000–9,000 crore (~$1B); DRHP filing within 6–8 weeks; listing target Q3 2026; total funding >$2.45B; FY25 revenue Rs 9,668.8 crore; net loss Rs 3,367.3 crore; Blinkit rights issue Rs 450 crore; Amazon Now 100 cities + Rs 2,800 crore; Zepto Daily shut down February 2026; Labour Ministry advisory on delivery claims.

[2] Zee Business, May 2026 — “Zepto IPO: Quick commerce startup eyes Rs 8,000–9,000 crore public issue” — Corroborates SEBI approval and Rs 8,000–9,000 crore IPO size from independent sources. Also confirms SEBI approval date as 8 May 2026.

[3] YourStory, October 2025 — “Zepto raises $450M led by CalPERS, now valued at $7B” — Confirms: $450 million funding round; $7 billion valuation; CalPERS as lead investor; co-participation by General Catalyst, Lightspeed Venture Partners, Avenir, Glade Brook, StepStone Group, Nexus Venture Partners; round includes primary and secondary components; ~$900 million in cash post-round.

[4] Investment Guru India / Analytics Insight (sourced from MCA audited filings), December 2025 — “Zepto’s losses widen 177% in FY25 to Rs 3,367.3 crore” — Based on Zepto’s audited financials filed with the Ministry of Corporate Affairs. Confirms: FY25 total sales Rs 9,668.8 crore (up 129% from Rs 4,223.9 crore in FY24); net loss Rs 3,367.3 crore (up 177% from Rs 1,214.7 crore in FY24).

[5] YourStory, February 18, 2026 — “Zepto discontinues Zepto Daily as subscriptions fail to anchor loyalty in quick commerce” — Confirms Zepto shut down its loyalty and subscription programme Zepto Daily in February 2026 as part of ongoing offerings optimisation ahead of IPO.

[6] Entrackr / Indian Startup News, March 12, 2026 — “Eternal infuses Rs 450 crore into Blinkit as quick commerce rivalry heats up” — Confirms Eternal (formerly Zomato) injected Rs 450 crore into Blinkit via a rights issue in 2026, following Rs 2,600 crore invested in 2025. Corroborated by regulatory filings reviewed by Entrackr.

[7] The Tech Outlook / Angel One / Business Connect India, April 2026 — “Amazon Now announced to expand to 100 cities across India” — Confirms Amazon plans to expand Amazon Now to 100 cities with 1,000+ micro-fulfilment centres, backed by Rs 2,800 crore (~$300 million) investment in associate safety, health, financial wellbeing, and operations. Announcement confirmed by Amazon India on April 27, 2026.

Disclaimer

This article is for informational purposes only and should not be considered investment advice. Prices and data of unlisted shares are based on publicly available sources and may vary. Investors are advised to conduct independent research or consult financial professionals before making investment decisions.