Zepto & PhonePe – Push Ahead with IPO Roadshows Amid West Asia Conflict

Expert Analysis:

• Consumer tech firms Zepto and PhonePe have begun meeting foreign institutional investors across Singapore, Hong Kong, the UK, and the US to gauge demand for their planned initial public offerings.

• The roadshows are taking place during a period of heightened global market volatility due to the ongoing conflict in West Asia, which has disrupted sea lanes critical for transporting crude oil and other commodities, raising concerns about inflation and supply chain disruptions.

• Both companies are targeting IPO launches around May–June, though timelines may depend on how the geopolitical conflict evolves and its impact on global financial markets.

• PhonePe has already received SEBI approval for its IPO, while Zepto is still awaiting regulatory clearance, even as investor feedback from early meetings has reportedly been positive.

• Each offering is expected to exceed ₹10,000 crore in size, though the final fundraising amount will depend on market conditions closer to launch.