Zetwerk Manufacturing Businesses IPO Day 1: Subscription Status, Timeline & Key Issue Details
Zetwerk Manufacturing Businesses’ ₹5,012.33 crore public issue entered the bidding stage on October 15, 2026, with the company setting a price band of ₹143 to ₹151 per share. Subscription remained subdued in the initial hours, with bids amounting to 0.00 times the issue size as of 10:10 AM.
The IPO is scheduled to close on October 19. Investors can expect the allotment process to conclude on October 21, followed by a provisional listing on the BSE and NSE on October 23, 2026.
Zetwerk Manufacturing Businesses IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue + OFS)
- Total Issue Size: Up to ₹5,012.33 crore
- Fresh Issue: Up to ₹2,830 crore
- Offer for Sale (OFS): Up to ₹2,182.33 crore
- Face Value: ₹1 per equity share
- Price Band: ₹143 to ₹151 per share
- Lot Size: 99 shares
- Minimum Investment Amount (Retail Investor): ₹14,949 (99 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Goldman Sachs (India) Securities Private Limited, Avendus Capital Private Limited, JM Financial Limited, HSBC Securities and Capital Markets (India) Private Limited, Pantomath Capital Advisors Private Limited
- Registrar: KFin Technologies Limited
Zetwerk Manufacturing Businesses IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
15 October 2026 |
|
Subscription Closing Date |
19 October 2026 |
|
Basis of Allotment Date |
21 October 2026 |
|
Refund Initiation Date |
22 October 2026 |
|
Credit of Shares |
22 October 2026 |
|
Listing on BSE and NSE |
23 October 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
Zetwerk Manufacturing Businesses IPO Day 1 Subscription Status
[October 15, 2026, 10:10 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.00x |
|
Non-Institutional Investors (NIIs) |
0.02x |
|
Retail Individual Investors (RIIs) |
0.01x |
|
Total |
0.00x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Repayment/prepayment, in part or full, of certain of or all of borrowings availed by:
- the company
- certain of its subsidiaries, namely,
- Sharp Tanks and Structurals Private Limited
- Terra91 International Private Limited
- Smile Electronics Limited
- Kryfs Power Components Limited
- Kryfs Transformers Private Limited
- Unimacts Global LLC; (vii) Zetwerk Manufacturing Businesses Manufacturing SG Pte. Ltd
- Zap91 Solar India Private Limited
- Zet Town India Private Limited through investments in such Subsidiaries
- Funding inorganic growth through unidentified acquisitions and other strategic acquisitions
-
General corporate purposes.
About Zetwerk Manufacturing Businesses Limited
Founded in 2017, Zetwerk Manufacturing Businesses Limited operates a technology-driven, asset-light manufacturing platform that connects businesses with third-party suppliers and its own manufacturing facilities. Its proprietary platform serves industries such as renewable energy, consumer electronics, aerospace, defence, AI infrastructure and industrial automation.
The company serves clients including Siemens Gamesa, boAt, Acer India, CG Power and NTPC Renewable Energy. Its global supplier network spans India, Vietnam, Thailand, Taiwan, Germany, Spain, Mexico and the US, offering capabilities such as metal fabrication, die casting, forging and machining.
Key Financial Highlights
|
Particulars |
For the three month period ended June 30, 2026 (in ₹ crore) |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
|
Revenue from operations |
41,178.77 |
15,913.32 |
11,331.86 |
|
EBITDA |
103.16 |
421.34 |
322.59 |
|
Profit After Tax (PAT) |
(732.98) |
(1,606.17) |
(370.71) |
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