SEBI Approves Zepto IPO, Crystal Crop Protection and 4 Other Companies Secures Nod

Market regulator SEBI has cleared the Initial Public Offering (IPO) proposals of 6 companies, including quick commerce company Zepto and automotive components maker Dhoot Transmission. 

The other companies that received observations from the SEBI between May 4 and May 8 are Hotel Polo Towers, Crystal Crop Protection, Surgiwear and Horizon Industrial Parks. The firms had submitted their draft IPO papers between October 2025 and February 2026. 

Under SEBI rules, receipt of observations allows companies to proceed with their public issue plans. 

Zepto Plans Public Market Debut 

Zepto is preparing for a stock market listing at a time when activity in India’s primary market has remained steady. The proposed issue is expected to include both fresh shares and an offer-for-sale by existing investors. 

As per The Economic Times report, the company may raise around $1.3 billion, equivalent to nearly ₹11,000-12,000 crore. The proceeds from the fresh issue are expected to be used for business expansion and operational requirements. 

Founded by Aadit Palicha, and Kaivalya Vohra, Zepto operates in the quick commerce segment and delivers groceries and daily essentials through its rapid delivery network across several Indian cities. 

Funding and Expansion 

Zepto became a unicorn in 2023 after raising $200 million in a Series E funding round, which valued the company at $1.4 billion. Since its launch, the company has raised nearly $1.8 billion from investors. 

In October 2025, Zepto raised another $450 million in a funding round led by California Public Employees’ Retirement System (CalPERS). The round valued the company at $7 billion. 

The company had also shifted its domicile from Singapore to India and converted itself into a public company ahead of its planned listing. 

Other Approved Companies 

Dhoot Transmission, founded by Rahul Dhoot, supplies automotive and electrical components to original equipment manufacturers in the automobile and consumer durables sectors.  

Apart from Zepto and Dhoot Transmission, the approvals granted to Crystal Crop Protection, Horizon Industrial Parks, Surgiwear and Hotel Polo Towers add to the list of companies preparing to access the capital markets in 2026. 

Read More: NSE Targets Mid June for IPO Filing, Eyes 2026 Market Debut! 

Conclusion 

The approvals come as more companies prepare to enter the primary market amid continued IPO activity across consumer, industrial, and technology-linked sectors. 

Track the stock market in Hindi. Visit Angel One News for the latest market trends, insights, and share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.