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Wed, 24 Jun 2026
12:38:48 pm
Wed, 24 Jun 2026
12:38:48 pm
Synopsis
Sebi has approved the IPO proposals of six companies including Zepto and Dhoot Transmission. Zepto is reportedly planning a ₹11,000 crore IPO, while Dhoot Transmission aims to raise around ₹2,258 crore. Other approved companies include Horizon Industrial Parks, Surgiwear, Crystal Crop Protection, and Hotel Polo Towers. The approvals highlight the continued strength of India’s IPO market in 2026 amid rising investor participation and strong market liquidity.
India’s IPO market continues to remain highly active as the Securities and Exchange Board of India (Sebi) has approved the public issue plans of six companies, including quick-commerce unicorn Zepto and auto components manufacturer Dhoot Transmission.
The approvals come at a time when investor interest in IPOs remains strong across startup, industrial, healthcare, logistics, and hospitality sectors.
The six companies that secured Sebi’s nod include:
| Company | Sector |
|---|---|
| Zepto | Quick Commerce |
| Dhoot Transmission | Auto Components |
| Horizon Industrial Parks | Industrial & Logistics Parks |
| Surgiwear | Medical Devices |
| Crystal Crop Protection | Agrochemicals |
| Hotel Polo Towers | Hospitality |
These companies received Sebi observations between May 4 and May 8, which is considered regulatory approval for launching IPOs.
Quick-commerce platform Zepto is reportedly planning to raise around ₹11,000 crore through its maiden public offering.
The company had confidentially filed its draft IPO papers with Sebi in December 2025.
If listed successfully, Zepto will join already-listed food delivery and quick-commerce rivals:
Zepto has rapidly expanded across India’s quick-commerce market by offering ultra-fast grocery delivery services.
Bain Capital-backed Dhoot Transmission is aiming to raise nearly $250 million (approximately ₹2,258 crore) through its IPO.
| Particulars | Details |
|---|---|
| IPO Size | ₹2,258 crore |
| Structure | Fresh Issue + OFS |
| Promoter Selling | No |
According to reports, promoters will not dilute their stake through the Offer For Sale (OFS) component.
The company filed its IPO papers using Sebi’s confidential pre-filing route in February 2026.
Both Zepto and Dhoot Transmission opted for the confidential IPO filing mechanism introduced by Sebi.
| Benefit | Purpose |
|---|---|
| Limited Public Disclosure | Protects sensitive business information |
| Regulatory Feedback | Allows private interaction with Sebi |
| Market Flexibility | Helps firms assess market timing |
| Reduced Public Pressure | Avoids early scrutiny |
This route is increasingly becoming popular among large startups and private firms preparing for major listings.
Blackstone-backed Horizon Industrial Parks is preparing a ₹2,600 crore IPO.
| Particulars | Details |
|---|---|
| IPO Type | Fully Fresh Issue |
| OFS Component | None |
| Fund Usage | Debt Repayment |
The company plans to use nearly ₹2,250 crore from IPO proceeds to repay borrowings.
Horizon Industrial Parks operates industrial and warehousing infrastructure assets across India.
Medical products company Surgiwear is also entering the public markets.
| Component | Amount |
|---|---|
| Fresh Issue | ₹370 crore |
| OFS | ₹370 crore |
The Uttar Pradesh-based company manufactures surgical and healthcare products.
Agrochemical company Crystal Crop Protection plans to raise funds through a mix of fresh issue and OFS.
| Particulars | Details |
|---|---|
| Fresh Issue | ₹600 crore |
| OFS Shares | 74 lakh+ shares |
Investors including:
are expected to partially offload their holdings through the OFS.
The company plans to use funds for:
Hotel Polo Towers is also preparing for a stock market debut.
| Component | Details |
|---|---|
| Fresh Issue | ₹300 crore |
| OFS | 71.2 lakh shares |
The company owns and operates hotels and resorts under:
Its hospitality network spans northeast, east, and north India.
The latest approvals highlight the continued strength of India’s primary market ecosystem.
India has remained among the world’s most active IPO markets over the past few years.
Among the six approved IPOs, investor attention is expected to remain focused on:
| Company | Market Theme |
|---|---|
| Zepto | Quick Commerce & Startup Growth |
| Dhoot Transmission | Auto Components |
| Horizon Industrial Parks | Warehousing & Logistics |
| Crystal Crop Protection | Agriculture & Chemicals |
Zepto’s IPO is likely to become one of the most closely watched public issues of 2026.
Sebi’s approval for six IPOs including Zepto and Dhoot Transmission reflects continued confidence in India’s capital markets despite global volatility.
With companies from diverse sectors preparing to raise funds, investors are expected to see an active IPO pipeline in the coming months across technology, logistics, manufacturing, healthcare, and hospitality sectors.
The market will now closely monitor issue sizes, valuations, subscription trends, and listing performances as these firms move toward their public market debut.
Zepto, Dhoot Transmission, Horizon Industrial Parks, Surgiwear, Crystal Crop Protection, and Hotel Polo Towers received Sebi approval.
Zepto is reportedly targeting around ₹11,000 crore through its IPO.
Dhoot Transmission plans to raise approximately ₹2,258 crore.
It is a mechanism that allows companies to confidentially submit IPO papers to Sebi before publicly disclosing details.
The companies are expected to list on both the BSE and NSE.
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