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Zepto paused IPO in August as Indian listing valuations fell
India’s IPO valuations fell to a median price-to-book ratio of 7.4 times in 2026 for deals raising at least 10 billion rupees. Zepto paused its offering in August, while Prestige Estates Projects’ hospitality unit paused last week.
Median price-to-book, last year's IPOs10.2 times
Median price-to-book, 2026 IPOs7.4 times
Reported figures
From the report. Source details below
| Zepto IPO pause: | August |
|---|---|
| Last-year IPO median price-to-book: | 10.2 times |
| Domestic institutions' proceeds share this year: | 33% |
| Domestic institutions' proceeds share in 2021: | 24% |
| NSE IPO size reduction: | about 15% |