Zepto IPO 2026: The Next Big Thing in Quick Commerce?
Last Updated: December 12, 2025
The Indian primary market is bracing for one of the most anticipated listings of the decade. Zepto, the quick-commerce unicorn that disrupted the grocery delivery space, has officially converted into a public company, setting the stage for a massive Initial Public Offering (IPO) in 2026.
With competitors like Zomato (Blinkit) and Swiggy already making waves in the public markets, all eyes are on Zepto's valuation and Grey Market Premium (GMP). In this detailed review, we analyze the company's financials, expected dates, and whether you should save your capital for this mega issue.
Zepto IPO Details: At a Glance
| IPO Name | Zepto Ltd (Upcoming) |
| IPO Date (Tentative) | June - August 2026 |
| Expected Issue Size | $450 - $500 Million (Approx ₹4,000 Cr) |
| Fresh Issue | Majority Component (Growth Capital) |
| Valuation Target | ~$7 Billion+ |
| Listing Exchanges | BSE, NSE |
Zepto IPO GMP (Grey Market Premium) Trends
Even though the Draft Red Herring Prospectus (DRHP) is yet to be fully cleared, the unlisted market is buzzing. Investors are tracking the Zepto IPO GMP closely as a signal of institutional interest.
The Financial Health Check
Before applying, look beyond the "10-minute delivery" hype. How is the balance sheet?
- Revenue Growth: Zepto clocked a massive revenue of ₹1,305 Cr in FY25 (Projected), showing strong adoption in Tier-1 cities.
- Burn Rate: Like most startups, it is loss-making (Net Loss ~₹35 Cr in FY25), but the losses are narrowing compared to previous years.
- The "Moat": Unlike generic e-commerce, Zepto's dark store network is highly optimized for density, giving it better unit economics than early entrants.
Risk vs. Reward Analysis
Why You Should Watch This IPO (Pros)
- Sector Tailwinds: Quick commerce is eating into traditional retail market share in India.
- Market Position: It is the fastest homegrown player to cross ₹1,000 Cr in total income.
The Risks (Cons)
- Valuation Concerns: At $7 Billion, the pricing might be steep, leaving little on the table for retail investors (similar to the Paytm debut).
- Competition: Fierce battles with Blinkit and Swiggy Instamart mean high marketing spends will continue.
Conclusion: Should You Apply?
The Zepto IPO will be a high-risk, high-reward play. If you missed out on Zomato's multi-bagger run, this is your second chance to enter the quick-commerce space. However, we recommend waiting for the official Price Band announcement in early 2026 before making a decision.
Stay tuned to WatchIPOGMP.in for live GMP updates as soon as the DRHP is filed.