Zepto, India’s fast-growing quick commerce startup, has seen its unlisted shares fall by 30% since April 2026, even though the company recently received approval from SEBI for its upcoming IPO. The stock, which was trading at ₹58 in April, has now slipped to ₹42 per share, marking a sharp decline from its December peak of ₹68.
This drop comes at a time when Zepto is gearing up for a ₹7,500–9,300 crore IPO, expected within the next 60–90 days. Once listed, Zepto will be the only pure-play quick commerce company on Indian stock exchanges. The company began IPO preparations in late 2024 and is now working on its updated draft red herring prospectus (DRHP).
Interestingly, Zepto’s business performance remains strong. The startup has scaled up from 1.7 million daily orders to over 2.5 million, showing rapid growth in consumer demand. However, analysts caution that investors should wait for the DRHP before making judgments, as concerns about losses, valuations, and rising competition from Blinkit, Instamart, Flipkart Minutes, Amazon Now, and BigBasket remain.
The broader unlisted market has also been volatile, with several stocks falling due to weak sentiment and low trading activity. Despite this, investor interest in marquee names like Zepto continues, as the quick commerce sector expands aggressively across India.
