New Delhi, May 8 -- Aadit Palicha-led Zepto Ltd on Friday received its first approval from the markets regulator for its initial public offering (IPO), setting the stage for the country's first pureplay quick commerce listing.

According to a notification from the Securities and Exchange Board of India (Sebi), the company received observations from the regulator on 8 May, effectively green-lighting the IPO process.

Zepto had filed its IPO papers under the confidential route in December 2025, keeping its business details and operational insights under wraps.

The company aims to file updated draft papers with Sebi in another six to eight weeks, two people aware of the matter told Mint.

An updated prospectus, once filed, will be a public ...