New Delhi, March 9 -- Quick-commerce operator Zepto Ltd is targeting a late April deadline for filing updated documents for an initial public offering (IPO) with India's market regulator, even as it faces valuation concerns, said three people aware of the matter.

Zepto's December 2025 confidential filing is likely to be cleared in another four weeks, one of the people quoted earlier said-all three spoke on the condition of anonymity. Following the clearance, Zepto plans to file its updated draft red herring prospectus with the Securities and Exchange Board of India (Sebi) before the end of April, this person added.

An updated prospectus is a public disclosure of the share sale details to investors after confidential filings. These inclu...