India, Dec. 27 -- Quick commerce major Zepto has pre-filed the draft papers for an over $1.3 Bn (around INR 11,682 Cr) IPO with markets regulator SEBI, sources told Inc42.

As reported earlier, the Aadit Palicha-led company plans to raise around INR 11,000 Cr through a fresh issue of shares. The IPO is also likely to comprise an offer for sale by early investors.

Inc42 has reached out to Zepto for comments on the development. The story will be updated on receiving a response.

Zepto received the approval from its shareholders for the IPO at an extraordinary general meeting held on December 23.

Morgan Stanley, Axis Capital, HSBC, Goldman Sachs, JM Financial, IIFL Securities and Motilal Oswal are the bankers for the issue.

(The story wil...