Zepto, PhonePe, Oyo and boAt among consumer firms in India’s IPO pipeline
Axis Capital expects stronger IPO momentum in Q2 FY27. It says 146 companies with SEBI approval await market entry, while 65 more have filed draft papers; prospective consumer listings include Zepto, PhonePe, Oyo, Cult.fit, Snapdeal and boAt.
Axis Capital expects stronger Indian IPO activity in Q2 FY27, with consumer-facing firms including Zepto, PhonePe, Oyo, Cult.Fit, Snapdeal and boAt among the prospective listing pipeline.
Why this matters
Zepto’s prospective IPO follows reports that its IPO runway could make its young founders billionaires, while the CCPA recently fined the company ₹7 lakh over dark patterns.
Retail-company signals are accelerating, up 167056% QoQ.