Zetwerk Manufacturing Businesses IPO
Mainboard IPO · Open now · price band ₹143–₹151
Key points
- ₹2,830 cr new money for the company, ₹2,182 cr goes to selling shareholders. Main use: repay debt (₹2,160 cr).
- GMP ₹6 (+4.3%) over ₹151. Unofficial, changes often.
- Loss-making: FY26 income ₹16,101 cr (+40.1%), loss ₹1,606 cr (loss ₹371 cr a year before).
Subscription so far: 0.31x
Times the shares on offer that investors have applied for, by category (exchange data, updates a few times a day).
Timetable
- OpensThu 15 Oct
- ClosesMon 19 Oct
- AllotmentWed 21 Oct
- RefundThu 22 Oct
- Shares in dematThu 22 Oct
- ListingFri 23 Oct
Dates after the closing day are tentative and can shift by a day.
Why is Zetwerk Manufacturing Businesses raising money?
The offer-for-sale part (₹2,182 cr) goes to existing shareholders, not to the company.
What the new money will be used for
- Repayment/prepayment, in part or full, of certain of or all of borrowings availed by the company₹1,300 cr
- Funding inorganic growth through unidentified acquisitions and other strategic acquisitionsamount not fixed
- General Corporate Purposesamount not fixed
- Repayment/prepayment, in part or full, of certain of or all of borrowings availed₹860 cr
Who is selling
- Creovate Innovation Pvt.Ltd.Promoter₹347 cr
- Peak XV Partners Investments V (Formerly known as SCI Investments V)Corporate₹266 cr
- Amrit Pratik AcharyaPromoter₹215 cr
- Srinath RamakkrushnanPromoter₹215 cr
- Lightspeed Venture Partners Select IV MauritiusCorporate₹204 cr
- Kae Capital Fund IICorporate₹190 cr
18 more sellers with smaller amounts.
Grey market premium (GMP)
Unofficial. GMP is what traders in an unregulated market say they will pay before listing. No exchange publishes it, it can change several times a day and it is often wrong on listing day. From 1 market website, checked 18 Oct 2026, 03:23 PM IST.
About Zetwerk Manufacturing Businesses
Incorporated in 2017, Zetwerk Manufacturing Businesses Private Limited is a technology-led global manufacturing platform. The Company operates as a managed marketplace connecting industrial and consumer enterprises with a global network of manufacturing partners for custom and large-scale production requirements. The company serves across sizes, from innovative startups to mature companies, and across industries, including utilities, renewables, consumer electronics, artificial intelligence infrastructure, aerospace, space & defence, oil & gas, and industrial automation.
The Company follows an asset-light business model and provides end-to-end solutions, including design, supplier matching, quality control, and logistics. The Company’s proprietary platform, Zetwerk OS, enables real-time tracking and transparency across the manufacturing lifecycle. Its key strengths include scalable manufacturing capacity, strong quality control systems, faster delivery timelines, and a diversified global customer base.
It operates across key sectors such as electronics, renewable energy, aerospace and defence, capital goods, and precision manufacturing. Zetwerk has a presence in over 25 countries and a network of 10,000+ suppliers and 1,100+ customers, including Fortune 500 companies. It also operates 20+ manufacturing facilities across India, the United States, and Mexico.
Financials (₹ crore)
Zetwerk Manufacturing Business Ltd.'s revenue increased by 40% and profit after tax (PAT) dropped by 333% between the years ending March 31, 2026 and March 31, 2025.
| ₹ crore | Jun 2026 | Mar 2026 | Jun 2025 | Mar 2025 | Mar 2024 |
|---|---|---|---|---|---|
| Total Income | 4,196 | 16,101 | 2,702 | 11,492 | 12,523 |
| Profit After Tax | -733 | -1,606 | -1,368 | -371 | -918 |
| EBITDA | 103 | 421 | 31 | 323 | 97 |
| Net worth | 4,094 | 4,814 | 3,905 | 4,454 | 4,062 |
| Borrowing | 1,942 | 1,936 | 1,707 | 1,747 | 1,232 |
| Assets | 12,016 | 13,385 | 9,083 | 10,355 | 10,331 |
Restated figures from the offer document. A part-year period (for example 3 months to June) is not comparable with a full year.
Valuation and returns
| Jun 2026 | Mar 2026 | |
|---|---|---|
| RoNW | -1.74% | -21.11% |
| NAV | 25.85 | 31.26 |
| P/B (x) | – | 4.83 |
P/E = price ÷ earnings per share. A negative P/E means the company made a loss. Compare with listed peers in the same business before reading much into it.
Promoters: Amrit Pratik Acharya and Srinath Ramakkrushnan.
Issue details
- Price band
- ₹143–₹151
- Lot size
- 99 shares
- Minimum investment
- ₹14,949 (1 lot at ₹151)
- Total issue size
- ₹5,012 cr (33.20 crore shares)
- Fresh issue / OFS
- Fresh capital cum OFS
- Face value
- ₹1 per share
- Reserved for
- QIB 75% · NII 15% · Retail 10%
- Anchor investors
- ₹2,251 cr (already allotted)
- Employee discount
- ₹14 per share
- Retail limit
- up to ₹2,00,000
- UPI mandate deadline
- 19-Oct-2026 (up to 5:00 PM)
- Listing on
- BSE, NSE
- Lead managers
- Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Goldman Sachs (India) Securities Private Limited, Avendus Capital Private Limited and 3 more
- Registrar (allotment status)
- KFin Technologies Limited · zetwerk.ipo@kfintech.com
Offer document (RHP) on NSE: download. It is long; the "Objects of the Offer" and "Risk Factors" chapters matter most.
Quick answers
Does Zetwerk Manufacturing Businesses get the IPO money?
Partly or fully: ₹2,830 cr is a fresh issue that goes to the company, while ₹2,182 cr goes to selling shareholders.
What is the minimum investment in the Zetwerk Manufacturing Businesses IPO?
One lot of 99 shares, which costs ₹14,949 at the upper price of ₹151.
When will Zetwerk Manufacturing Businesses list?
The tentative listing date is Fri 23 Oct, with allotment on Wed 21 Oct.
Company figures are from the offer document as summarised by market websites; issue details and subscription are from NSE. Updated 18 Oct 2026, 03:23 PM IST. Education only, not investment advice. Read the offer document, especially the risk factors, before applying. All IPOs →