Zetwerk Sets Rs. 143–151 Price Band for Rs. 5,012 Crore IPO
Zetwerk Manufacturing Business has set a price band of Rs. 143–151 per share for an IPO aiming to raise Rs. 5,012.3 crore. The issue is scheduled to open on October 15 and close on October 19, 2026, with listing expected on the BSE and NSE on October 23. The offering includes a fresh issue and an offer for sale, with anchor bidding on October 14 and allotment likely on October 21.
Zetwerk Manufacturing Business has priced its upcoming share sale at Rs. 143–151 apiece. The Bengaluru company seeks about Rs. 5,012.3 crore, split between a Rs. 2,830 crore fresh issue and a 14.45 crore-share offer for sale. At the top price, implied valuation is roughly Rs. 25,583.2 crore.
Anchor bidding is set for October 14, with subscription from October 15 to 19 and listing planned for October 23. QIBs get up to 75% of the net issue, non-institutional investors 15%, and retail 10%; employees may receive 7 lakh shares at a Rs. 14 discount. Proceeds include Rs. 2,160 crore for debt repayment.
The IPO could affect retail investors through minimum Rs. 14,949 outlay and potential listing gains or losses. Employees may benefit from discounted shares. Debt repayment may strengthen Zetwerk’s balance sheet, potentially supporting suppliers and manufacturing partners across sectors. However, the company’s losses and subscription demand may shape outcomes. This is not investment advice.