Zetwerk IPO Price Band Set At ₹143-151 As ₹5,012 Crore Issue Opens On October 15
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Zetwerk is preparing to enter the primary market with one of the larger IPOs opening this week. The manufacturing platform's ₹5,012 crore offer includes a fresh issue and an OFS, with anchor bidding beginning on October 14.
Zetwerk Manufacturing Business has fixed the price band for its ₹5,012.33 crore initial public offering at ₹143-151 per share, with the IPO set to open for subscription on Thursday, October 15.
The Peak XV Partners and Accel-backed manufacturing platform is seeking a valuation of about ₹25,583 crore at the upper end of the price band. The IPO will remain open until October 19, while anchor investors can place their bids a day earlier on October 14. The shares are expected to list on the BSE and NSE on October 23.
The IPO comprises a fresh issue worth ₹2,830 crore and an offer for sale of about 14.45 crore shares worth ₹2,182.33 crore at the upper end of the price band. Promoters and existing investors, including Peak XV, Accel and Lightspeed, are among the shareholders selling shares through the OFS.
Zetwerk IPO Lot Size And Key Dates
Investors can bid for a minimum of 99 shares and in multiples of 99 thereafter. At the upper price of ₹151, one lot will require an investment of ₹14,949.
The anchor book opens on October 14, followed by the public issue from October 15 to October 19. The basis of allotment is expected to be finalised on October 21, with refunds and credit of shares scheduled for October 22. Zetwerk shares are expected to make their stock market debut on October 23.
The company has reserved up to 75% of the net offer for qualified institutional buyers, at least 15% for non-institutional investors and up to 10% for retail investors. Eligible employees have a reservation of seven lakh shares and will receive a discount of ₹14 per share to the final offer price.
Zetwerk IPO Issue Details
Of the ₹2,830 crore fresh issue, Zetwerk plans to use ₹2,160 crore towards repayment or prepayment of borrowings of the company and some of its subsidiaries. The remaining proceeds will be used for potential acquisitions and general corporate purposes.
Zetwerk operates a technology-led manufacturing platform serving industries including renewable energy, consumer electronics, aerospace and defence, artificial intelligence infrastructure, oil and gas and industrial automation.
The company reported revenue of ₹4,117.9 crore in the quarter ended June 2026, up 55.4% from ₹2,649.4 crore in the year-ago period. Its quarterly net loss narrowed to ₹732.9 crore from ₹1,368.4 crore.
For FY26, revenue increased 40.4% to ₹15,913.3 crore, although its net loss widened to ₹1,606.1 crore from ₹370.7 crore in the previous financial year.
At the upper end of the ₹143-151 price band, Zetwerk is targeting a valuation of about ₹25,583 crore as it prepares to open its IPO for anchor investors on October 14 and public subscription on October 15.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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