SEBI Gives Green Light to Zepto and 6 other IPOs

The market regulator SEBI has approved seven companies to launch their IPOs, and the big news is that Zepto — the popular 10-minute grocery delivery app — is finally going public. All seven approvals came between 4 May and 8 May 2026, and investors are already buzzing about what this means for the market.

Let us take a closer look at each company that got the nod.

Zepto Is Going Public — And It Is Going Big

If you have ever ordered onions at midnight and got them delivered before you finished washing your hands, you already know Zepto. The Mumbai-based quick commerce company has completely changed how urban India shops for groceries and daily essentials. Operating through a smart network of dark stores tucked inside city neighbourhoods, Zepto promises delivery in just 10 minutes — and mostly delivers on that promise.

The company had quietly filed its IPO papers in January 2026 through a confidential pre-filing route, and SEBI finally gave its approval on 8 May 2026. The IPO is expected to raise somewhere between Rs 11,000 crore and Rs 12,000 crore, making it one of the biggest public issues India will see this year. The offering will include a large fresh issue along with an Offer for Sale component. Axis Capital is handling the lead manager role for the issue.

Hotel Polo Towers — The Pride of Northeast India

Not many people outside the region know this name, but Hotel Polo Towers is actually a well-respected hospitality brand in Northeast India. The company runs premium hotels and has strong food and beverage operations that cater to both business and leisure travellers in the region.

The company filed its draft papers back in October 2025 and received SEBI's go-ahead on 4 May 2026. The IPO will raise Rs 300 crore through a fresh issue, along with an Offer for Sale of up to 71.2 lakh equity shares. Equirus Capital is the lead manager guiding this one to the market.

Crystal Crop Protection — Serving the Indian Farmer

This Gurugram-based company works at the ground level of Indian agriculture — literally. Crystal Crop Protection makes agrochemicals, natural crop protection products, and hybrid seeds, and sells them to farmers across the country through a wide distribution network. The company also has solid in-house research capabilities.

SEBI approved its IPO on 4 May 2026, after the company filed its draft papers in December 2025. The issue is a combination of a Rs 600 crore fresh issue and an OFS of up to 74 lakh shares. IIFL Capital Services is the lead manager here.

Surgiwear — Made-in-India Medical Devices

Surgiwear is a Lucknow-based manufacturer of medical implants and surgical products. From orthopaedic implants to hydrocephalus shunts and sterile surgical drapes, the company makes devices that are used in hospitals across India every single day. It received SEBI's observation letter on 4 May 2026, having filed its DRHP in late December 2025. The IPO is structured as Rs 370 crore fresh issue plus Rs 370 crore OFS. Motilal Oswal Investment Advisors is the lead manager.

Horizon Industrial Parks — Warehousing at Scale

Backed by global investment giant Blackstone, Horizon Industrial Parks manages over 6 crore square feet of Grade-A warehousing across 10 major Indian cities. SEBI cleared its IPO on 5 May 2026. The Rs 2,600 crore issue is entirely a fresh issue, with money going toward paying off debt and expanding operations further. JM Financial is the book running lead manager.

Dhoot Transmission — Powering Two-Wheelers Globally

Backed by Bain Capital, Dhoot Transmission makes wiring harnesses, sensors, and automotive switches used in two-wheelers and commercial vehicles by major manufacturers worldwide. The company used the confidential pre-filing route in February 2026 and got SEBI approval on 5 May 2026. The IPO is expected to raise around Rs 2,258 crore through a mix of fresh issue and OFS, with Axis Capital as the coordinating lead manager.

With seven approvals in a single week, the IPO pipeline for 2026 is clearly heating up. Watch this space.