IPO Articles & Analysis

Aspri Spirits — India's largest premium alcobev distributor with 323 brands across 89 global suppliers — received SEBI approval between May 6-14, 2026 for a ₹140 Cr fresh issue plus 50 lakh OFS. Pan-India reach across 28 states, 17,000+ outlets, average realisation ₹17,666/case. Full review.

Four major IPO and capital market developments in May 2026: India's largest alcobev distributor Aspri Spirits secures SEBI approval, SEBI proposes price discovery reform for listing day, Swiggy's IOCC special resolution falls short of 75%, and Chennai drone maker Garuda Aerospace files DRHP for a ₹750 Cr+ IPO.

Zepto — the Stanford-dropout-founded quick-commerce challenger — is preparing a ₹11,000 crore IPO for July 2026, having secured SEBI approval in May 2026. With FY25 revenue of ₹11,110 crore (+149% YoY), a $7B valuation and a roadmap to PAT-positive FY26, here is everything investors need to know.

Between May 4 and May 8, 2026 SEBI issued observation letters to six IPO-bound companies — clearing Zepto (₹11,000 cr), Dhoot Transmission (₹2,258 cr), Horizon Industrial Parks (₹2,600 cr), Surgiwear, Crystal Crop Protection and Hotel Polo Towers to launch their public offerings. Here is the full pipeline breakdown.

No mainboard IPO action this week, but the SME segment is buzzing. Six SME issues — NFP Sampoorna Foods, Teamtech Formwork, Vegorama Punjabi Angithi, Harikanta Overseas, Autofurnish and M R Maniveni Foods — open between May 18 and May 26, 2026. Complete dates, price bands, lot sizes and review.