Zetwerk Manufacturing Businesses IPO to Open on October 15, 2026: Check Price Band, Issue Size and Key Details

Zetwerk Manufacturing Businesses’s IPO is scheduled to open for subscription on October 15, 2026, and close on October 19. According to its Red Herring Prospectus (RHP), the ₹5,012.33 crore issue comprises a fresh issue of 18.75 crore equity shares worth up to ₹2,830 crore and an offer for sale (OFS) of 14.45 crore equity shares worth ₹2,182.33 crore.

The basis of allotment is expected to be finalised on October 21, 2026, with the shares tentatively scheduled to list 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:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Zetwerk Manufacturing Businesses IPO Category-wise Investment Limits

The application size for each category is as follows -

The minimum investment amount for each category, based on the upper price band of ₹151 per share, is as follows -

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

Incorporated in 2017, Zetwerk Manufacturing Businesses Limited operates a technology-led, asset-light manufacturing platform that connects businesses with manufacturing capacity through a network of third-party suppliers and its own facilities. Its proprietary technology platform, Zetwerk Manufacturing Businesses OS, integrates these capabilities into a unified manufacturing network serving industries such as renewable energy, consumer electronics, AI infrastructure, aerospace, defence, oil and gas, and industrial automation.

The company works with customers ranging from startups to established businesses, including Siemens Gamesa, boAt, Acer India, CG Power and Industrial Solutions, and NTPC Renewable Energy. Its supplier network spans multiple countries, including India, Vietnam, Thailand, Taiwan, Germany, Spain, Mexico and the US, and supports manufacturing processes such as metal fabrication, injection molding, die casting, forging and machining. 

Key Financial Highlights 

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