Mumbai, June 22 -- EV logistics startup Zypp Electric is seeking to raise as much as $200 million through an initial public offering and has appointed Axis Capital, SBI Capital Markets and DAM Capital, three people familiar with the matter said.

The Gurugram-based company is currently closing a pre-IPO funding round and is likely to target a stock market listing in FY28, the people said.

"The issue is likely to be in the range of $150-200 million and the work will start once the company closes the funding round," one of the people said, adding that Zypp has seen "good growth" over the last year.

All the people spoke on the condition of anonymity.

Zypp and DAM Capital declined to comment, while Axis Capital and SBI Capital Markets did ...