Eternal Share Price Gains on June 9 as Zepto Files Rs 10,000 Crore IPO Papers: What the Quick Commerce Rally Means for Investors
- June 9, 2026
- Posted by: Ankit Jaiswal
- Category: News
Eternal CMP Rs 248.30 (Jun 9, prev close Rs 247.15). 52W high Rs 368.45. Zepto UDRHP filed Jun 8: Rs 10,000 Cr IPO, 1,139 stores, 210M Q4 orders. Swiggy ~Rs 321.
The Eternal share price is gaining attention on June 9, 2026, as quick commerce rival Zepto filed its updated Draft Red Herring Prospectus (UDRHP) with SEBI for a Rs 10,000 crore initial public offering, sending a strong signal about the sector’s scale and investor appetite. Eternal, formerly known as Zomato and parent of market-leading Blinkit, along with Swiggy, is trading with positive bias as the IPO filing reinforces the quick commerce growth narrative that has driven rapid adoption among India’s urban consumers.
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About Eternal and Swiggy
Eternal Limited, formerly Zomato, is India’s leading technology platform for food delivery and quick commerce. Its Blinkit unit operates over 1,000 dark stores and is the market leader in 10-minute grocery delivery. Swiggy operates Instamart, the second-largest quick commerce platform by dark store count, and competes head-on with Blinkit across Tier-1 and Tier-2 Indian cities. Both companies are beneficiaries of India’s structural shift toward on-demand delivery.
| Parameter | Eternal (NSE: ETERNAL) | Swiggy (NSE: SWIGGY) |
|---|---|---|
| CMP (Jun 9, 2026) | Rs 248.30 | ~Rs 321 |
| Previous Close | Rs 247.15 | ~Rs 319 |
| 52-Week High | Rs 368.45 | Rs 390 (IPO Price) |
| 52-Week Low | Rs 212.60 | Rs 297 |
| Market Cap | Rs 2,39,618 crore | ~Rs 75,000 crore |
| Q4 FY26 Net Profit | Rs 174 crore | Narrowed YoY |
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Why Are Eternal and Swiggy Shares in Focus Today?
The Eternal share price and Swiggy are in focus on June 9 primarily because of the Zepto IPO filing, which acts as a major sector catalyst. Here is what investors need to know:
Zepto UDRHP Filed: Rs 10,000 Crore IPO on the Horizon
Zepto filed its updated DRHP with SEBI on June 8, 2026, for an IPO comprising a fresh issue of Rs 8,010 crore and an offer for sale by existing investors. The total IPO size is expected to be around Rs 10,000 crore, making it one of the largest Indian tech listings in recent years. As of March 2026, Zepto had 1,139 dark stores, processed 210 million orders in Q4 FY26 (2.33 million per day), and served 47.9 million annual transacting users. Zepto’s rapid scale validates that quick commerce in India is a multi-player market, supporting investor interest in the Eternal share price and broader sector stocks.
Eternal’s Blinkit Holds the Market Leadership Position
The Eternal share price is underpinned by Blinkit’s market leadership. Blinkit’s quarterly gross order value has been approximately double that of Swiggy Instamart in recent quarters, and the platform has been consistently expanding its dark store network. Eternal’s Q4 FY26 net profit jumped 346% year on year to Rs 174 crore, with revenue growing 169% in FY26 to Rs 54,364 crore. Management has guided for a $1 billion adjusted EBITDA target by FY29, which the market views as achievable given Blinkit’s trajectory.
Sector Tailwinds Support Both Eternal and Swiggy
India’s quick commerce market is in rapid expansion, driven by urban density, rising smartphone penetration, and consumer preference for convenience. With Zepto targeting a listing later in 2026, fresh institutional capital will flow into the sector, lifting awareness and potentially re-rating listed players. The Eternal share price and Swiggy could benefit as sector benchmarks attract more dedicated fund allocations.
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Key Risks and Factors to Watch
Despite the positive catalyst, the Eternal share price faces real risks. Quick commerce is capital-intensive, and all three major players, Blinkit, Instamart, and Zepto, are competing aggressively on pricing and store expansion. Elara Capital flagged margin pressure from rising fuel costs for Q1 FY27. Zepto’s entry into public markets will also bring greater transparency to competitive dynamics, which could weigh on sentiment if its growth slows. Near-term profitability for Swiggy remains a concern, with the company yet to post consistent profits.
Conclusion
The Eternal share price and Swiggy are both in positive territory today as Zepto’s UDRHP filing underscores the quick commerce sector’s scale and growth potential. Eternal, through Blinkit, holds the strongest competitive position among listed players. For investors watching the Eternal share price, the key triggers remain Blinkit’s GOV growth, Eternal’s path to sustainable profitability, and the outcome of Zepto’s listing timeline. Consult a SEBI-registered advisor before making any investment decisions.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions (FAQs)
Why is Eternal share price in focus today?
Ans. Eternal share price is in focus on June 9, 2026, as rival Zepto filed its updated Draft Red Herring Prospectus (UDRHP) with SEBI for a Rs 10,000 crore IPO. Zepto’s market entry is seen as validating the quick commerce sector’s long-term opportunity, benefiting listed players like Eternal (Blinkit) and Swiggy (Instamart).
What is Zepto’s IPO size and key metrics?
Ans. Zepto filed its UDRHP on June 8, 2026 for an IPO of around Rs 10,000 crore, comprising a fresh issue of Rs 8,010 crore and an OFS. Zepto had 1,139 dark stores, processed 210 million orders in Q4 FY26, and had 47.9 million annual transacting users at the close of FY26.
What does Zepto’s IPO mean for Eternal share price?
Ans. Zepto’s IPO validates the quick commerce opportunity in India. Eternal’s Blinkit is the market leader with over 1,000 dark stores. A successful Zepto listing could re-rate the sector and support the Eternal share price, though near-term competition may keep margins under pressure.
Is Eternal share price a good buy at current levels?
Ans. Eternal trades at a P/E of around 90, reflecting high growth expectations. The company’s Q4 FY26 net profit jumped 346% year on year to Rs 174 crore. Management has guided for a $1 billion EBITDA target for FY29. This article does not constitute investment advice. Please consult a SEBI-registered financial advisor.
How is Swiggy performing versus Eternal?
Ans. Both Swiggy and Eternal are competing in quick commerce and food delivery. Blinkit (Eternal) has been outpacing Swiggy Instamart on gross order value, with Blinkit recording approximately double the GOV. Swiggy is expanding its dark store count to close the gap.
Where can I track Eternal share price live?
Ans. You can track Eternal share price live on the Univest Screener, which provides real-time data, fundamentals, and sector comparisons. The stock trades on NSE as ETERNAL and on BSE as 543320.
