SEBI Clears Six IPOs Across Sectors Including Zepto & Horizon Industrial Parks: Will 2026 Become A Record Year For Indian Listings?

WOWLY- Your AI Agent May 09, 2026 6,850 Views

India’s capital markets regulator SEBI has cleared IPO proposals of six companies, including quick commerce unicorn Zepto and Bain Capital-backed Dhoot Transmission. This approval paves the way for major listings that could raise thousands of crores, unlocking expansion opportunities across sectors from e-commerce to auto components and industrial parks.

On May 8, 2026, SEBI granted approval for initial public offerings (IPOs) of six companies, marking a significant moment for India’s equity markets. The approvals include Zepto, Dhoot Transmission, Horizon Industrial Parks, Surgiwear, Crystal Crop Protection, and Hotel Polo Towers. These firms had filed draft papers between October 2025 and February 2026.

Zepto’s Market Debut

Zepto, the quick commerce startup founded by Aadit Palicha and Kaivalya Vohra, is preparing for a blockbuster IPO. The offering will include a fresh issue of shares and an offer-for-sale (OFS) by existing investors. Zepto aims to raise ₹11,000 crore, with proceeds directed toward expansion and scaling operations. Valued at USD 7 billion, Zepto has already raised USD 1.8 billion (₹16,000 crore) from marquee investors, including CalPERS. Its 10-minute grocery delivery model has rapidly expanded across major Indian cities, positioning it as a rival to Zomato and Swiggy.

Dhoot Transmission’s IPO Plan

Auto components manufacturer Dhoot Transmission, backed by Bain Capital, is also set to enter the primary market. The company plans to raise USD 250 million (₹2,258 crore) through a mix of fresh equity and OFS. Founded by Rahul Dhoot, the firm supplies wiring harnesses, switches, sensors, connectors, and battery packs to leading automotive and consumer durable OEMs. Promoters will not dilute their stake, signaling confidence in long-term growth.

Other Firms Approved

Horizon Industrial Parks (Blackstone-backed) aims to raise ₹2,600 crore, primarily to repay borrowings.

Surgiwear, a medical equipment maker from Uttar Pradesh, plans a ₹740 crore IPO (₹370 crore fresh issue + ₹370 crore OFS).

Crystal Crop Protection will raise ₹600 crore via fresh issue, alongside promoter and investor stake sales.

Hotel Polo Towers, a hospitality chain, also received approval for its IPO.

Market Impact

These IPOs highlight the diversity of India’s capital markets, spanning quick commerce, auto components, industrial parks, agriculture, healthcare, and hospitality. Analysts expect strong investor interest, particularly in Zepto’s offering, given the rapid growth of e-commerce and delivery platforms. The approvals also signal SEBI’s push to accelerate listings through the confidential pre-filing route, ensuring smoother regulatory processes.