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Zetwerk Manufacturing Business Ltd

IPO Details · GMP · Subscription · Financials

🟢 Open NSE & BSE Mainboard Closes 19 Oct 2026
Issue Price
₹151
Per Share
GMP
+₹7
+4.64% Grey Market
Est. Listing
₹158
Expected Price
Min. Application
₹29,898
2 lots × 99 shares
IPO Issue Details
Issue Price / Price Band₹151 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size99 Shares per Lot
Total Issue Size33,20,07,155 shares (agg. up to ₹5,012 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital cum OFS
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 15 Oct 2026
Subscription CloseMon, 19 Oct 2026
Anchor AllotmentWed, 14 Oct 2026
Basis of AllotmentWed, 21 Oct 2026
Initiation of RefundsThu, 22 Oct 2026
Credit of Shares to DematThu, 22 Oct 2026
Listing DateFri, 23 Oct 2026
UPI Mandate Deadline5:00 PM on 19 Oct 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)14,949 — 99 shares
Retail — Max (13 Lots)₹194,337 (13 Lots)
HNI — Min (67 Lots)₹10,01,583 — 6633 shares
EPS (Pre-IPO)₹-10.66
P/E Ratio (Pre-IPO)-14.17x
Pre-IPO Promoter Holding1,50,67,72,659 shares
Post-IPO Promoter Holding1,69,42,54,778 shares
Fresh Issue Shares18,74,82,119 shares (agg. up to ₹2,830 Cr)
Offer for Sale Shares14,45,25,036 shares of ₹1 (agg. up to ₹2,182 Cr)
About Zetwerk Manufacturing Business Ltd

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.In Fiscal 2026, the company had 1,802 customers, comprising 1,613 customers within India and 189 customers outside India.Competitive Strengths:Unique business model enables us to serve multiple demand pools and makes them resilient across economic cyclesBuilding Capabilities to Serve Multiple Industry VerticalsAbility to scale in a capital-efficient mannerZetwerk OS, their proprietary technology enables end‑to-end workflow management across the manufacturing lifecycle while driving powerful network effects across their operationsDeep relationships with customers driving higher revenue visibility and stickinessAbility to add value-additive ecosystem services to the manufacturing platformExperienced, cycle-tested management team backed by an experienced board of directors

Objects of the Issue

Zetwerk Manufacturing Business Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Repayment/prepayment, in part or full, of certain of or all of borrowings availed by the company
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
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,50,67,72,659 shares
Post-IPO Promoter Holding 1,69,42,54,778 shares
Check AllotmentCheck Status →
Zetwerk Manufacturing Business Ltd — Live Price OPEN
IPO Open for Subscription
Chart activates on listing day — 23 Oct 2026
Quick Facts
GMP Signal🟢 Positive
StatusOpen
Issue Price₹151
GMP+₹7
Est. Listing₹158
Lot Size99 shares
Min Amount₹29,898
Listing Date23 Oct 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹151
Listing Date23 Oct 2026
Listing PriceAvailable on listing day
Listing Gain/LossCalculated on listing day
52-Week HighPost listing
52-Week LowPost listing
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
QIB (Ex Anchor) 99,392,146 — ₹1,500.82 Cr 0.37x
NII / HNI 49,696,073 — ₹750.41 Cr 0.17x
Retail (RII) 33,130,716 — ₹500.27 Cr 0.37x
TOTAL 182,918,935 100.00% ₹2,762.08 Cr 0.31x
* Based on ₹151.00 (upper price band)
Day-wise Subscription
QIB
0.37x
NII / HNI
0.17x
Retail
0.37x
Total
0.31x
In Progress
Lot Size & Investment Details
Lot Size
99
Shares
Issue Price
₹151.00
Per Share
Min Investment
₹14,949
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 99 ₹14,949
Retail (Max) 13 1,287 ₹194,337
sNII (Min) 14 1,386 ₹209,286
bNII (Min) 68 6,732 ₹1,016,532
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars30 Jun 202631 Mar 202630 Jun 2025
Revenue from Operations 4195.70 16100.63 2702.10
EBITDA 103.16 421.34 31.11
Profit After Tax (PAT) -732.98 -1606.17 -1368.47
Net Worth 4094.13 4813.72 3905.13
Total Assets 12016.09 13384.63 9083.09
Reserves & Surplus -771.23 -15.96 3803.94
Total Borrowings 1942.19 1936.16 1707.21
Key Ratios & Valuation
Issue Price ₹151
Face Value ₹1 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW -1.74
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Zetwerk Manufacturing Business Ltd
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹1 Per Share
Script Code
N/A
Address
84/1, Vaishnavi Sovereign Ground & 1st Floor, Green Glen Layout, Bellandur, Bangalore Urban, Karnataka, 560103
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