Zepto has received board approval to convert from a private company to a public limited company. The IPO is expected in June 2026. The company is likely to file a DRHP with Sebi later this month and may raise $450-500 million through a fresh issue along with an offer for sale to early investors. Zepto says strong order growth of 20-25% in the quarter and improved capital efficiency are helping to build investor confidence.

In preparation for the listing, Zepto shifted its domicile from Singapore to India earlier this year and renamed its legal entity as Zepto Private Limited. This is its second attempt to enter the public sector after previously delaying its IPO plans to focus on profitability and strengthening domestic ownership. The company operates over 900 dark stores and offers 10-minute delivery of groceries, electronics, and daily essentials.

Backed by major funding rounds, including raising $450 million in October at a valuation of $7 billion, Septo has shown rapid financial growth. Its revenue rose 149% to Rs 11,100 crore in FY25, though it reported a loss of Rs 1,248 crore in FY24. The startup is growing rapidly while working towards better financial stability ahead of its public debut.