Zetwerk Manufacturing Business IPO
Bookbuilding IPO | ₹5,012.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Thu, Oct 15, 2026
IPO Close
Mon, Oct 19, 2026
Price Band
₹143.00 to ₹151.00
Market Cap (Pre-IPO)
₹25,583.25 Cr
IPO Details
| IPO Date | Oct 15, 2026 to Oct 19, 2026 |
| Listing Date | Tentative: Oct 23, 2026 |
| Face Value | ₹1.00 per share |
| Price Band | ₹143.00 to ₹151.00 |
| Lot Size | 99 Shares (Minimum: ₹14,949.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹5,012.00 Crores |
| Total Shares Offered | 332,007,155 shares |
| Fresh Issue | 187,482,119 shares |
| Offer For Sale | 144,525,036 shares |
Zetwerk Manufacturing Business IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
Zetwerk Manufacturing Business IPO Lot Size
Investors can bid for a minimum of 99 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 99 | ₹14,949 |
| Retail (Max) | 13 | 1,287 | ₹194,337 |
| S-HNI (Min) | 14 | 1,386 | ₹209,286 |
| S-HNI (Max) | 66 | 6,534 | ₹986,634 |
| B-HNI (Min) | 67 | 6,633 | ₹1,001,583 |
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| RoNW (Return on Net Worth) | -21.11% |
| Price to Book Value | 4.83 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | -10.66 | - |
| P/E (x) | -14.17 | - |
Company Overview
Zetwerk Manufacturing Businesses Private Limited – Company Overview
- Incorporated in 2017, Zetwerk Manufacturing Businesses Private Limited is a technology-led global manufacturing platform that connects industrial and consumer enterprises with a global network of manufacturing partners for custom and large-scale production requirements.
- The Company serves businesses ranging from innovative startups to established enterprises across industries including utilities, renewable energy, consumer electronics, artificial intelligence infrastructure, aerospace, space and defence, oil and gas, and industrial automation.
- The Company follows an asset-light business model and provides end-to-end manufacturing solutions, including design, supplier matching, quality control and logistics.
- Its proprietary platform, Zetwerk OS, enables real-time tracking and transparency across the manufacturing lifecycle.
- The Company's key strengths include scalable manufacturing capacity, strong quality control systems, faster delivery timelines and a diversified global customer base.
- Zetwerk operates across key sectors such as electronics, renewable energy, aerospace and defence, capital goods, and precision manufacturing.
- The Company has a presence in over 25 countries, supported by a network of 10,000+ suppliers and 1,100+ customers, including Fortune 500 companies.
- The Company operates more than 20 manufacturing facilities across India, the United States and Mexico.
- In Fiscal 2026, the Company served 1,802 customers, comprising 1,613 customers in India and 189 customers outside India.
Company Strengths
- Unique business model enables us to serve multiple demand pools and makes them resilient across economic cycles
- Building Capabilities to Serve Multiple Industry Verticals
- Ability to scale in a capital-efficient manner
- Zetwerk OS, their proprietary technology enables end‑to-end workflow management across the manufacturing lifecycle while driving powerful network effects across their operations
- Deep relationships with customers driving higher revenue visibility and stickiness
- Ability to add value-additive ecosystem services to the manufacturing platform
- Experienced, cycle-tested management team backed by an experienced board of directors
Use of Proceeds
| 1) | Repayment/prepayment, in part or full, of certain of or all of borrowings availed by the company | 1,300.00 |
| 2) | Funding inorganic growth through unidentified acquisitions and other strategic acquisitions | |
| 3) | General Corporate Purposes | |
| 4) | Repayment/prepayment, in part or full, of certain of or all of borrowings availed | 860.00 |
| Total | 2,160.00 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Quick Info
| Sector | manufacturing, technology, and B2B managed marketplace |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹25,583.25 Cr |
Important Dates
| IPO Open | Oct 15, 2026 |
| IPO Close | Oct 19, 2026 |
| Allotment Date | Oct 21, 2026 |
| Credit to Demat | Oct 22, 2026 |
| Listing Date | Tentative: Oct 23, 2026 |
Lead Manager(s)
Kotak Mahindra Capital Co.Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹5,012.33 crores.
- Issue Structure: The issue is a combination of a fresh issue of 18.75 crore shares aggregating to ₹2,830.00 crores and an offer for sale of 14.45 crore shares aggregating to ₹2,182.33 crores.
- IPO Dates: The issue opens for subscription on October 15, 2026 and closes on October 19, 2026.
- Allotment Date: The allotment is expected to be finalized on October 21, 2026.
- Listing Details: The shares are proposed to be listed on NSE and BSE on October 23, 2026.
- Retail Investment Requirement: Minimum 1 lot (99 shares) amounting to approximately ₹14,949 at the upper price band.
- Issue Price Band: ₹143 to ₹151 per equity share.
- Lot Size: 99 shares per lot.
This IPO offers investors an opportunity to participate in the company through a combination of a fresh issue of shares and an offer for sale by existing shareholders.