India, May 22 -- Quick commerce platform Zepto reportedly plans to float its Rs.11,000 Cr ($1.1 Bn) initial public offering (IPO) within the next two months.

Sources told news agency PTI that the unicorn is eyeing a listing on the bourses before July 31. The company is now planning to submit its updated draft red herring prospectus (UDRHP) with the markets regulator in the coming weeks.

If the listing materialises, Zepto will become the third quick commerce startup to list on the bourses, after Blinkit parent Eternal and Swiggy.

This comes weeks after the quick commerce giant received Securities and Exchange Board of India's (SEBI's) approval for its proposed IPO. Previous reports suggested that the company's potential public issue wou...