Zetwerk Manufacturing Business IPO

Zetwerk Ltd is a technology-led manufacturing platform that serves industrial and consumer goods customers in India and international markets. The company aggregates manufacturing capacity through a network of third-party suppliers and its own facilities, supported by its proprietary technology platform, Zetwerk OS. Its customers operate across industries such as utilities, renewable energy, consumer electronics, artificial intelligence infrastructure, aerospace, space and defence, oil and gas, and industrial automation. The company offers access to manufacturing processes including sheet metal stamping, metal fabrication, injection moulding, extrusion, assembly, die casting, forging, grinding and machining. Its third-party supplier network spans several countries, including India, Vietnam, Thailand, Taiwan, Germany, Spain, Mexico and the USA. Zetwerk serves customers ranging from startups to established companies across various industries. Since its incorporation, the company has cumulatively delivered products and raw materials worth Rs 74,374.21 crore in gross merchandise value (GMV) to its customers. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Repayment/prepayment, in part or full, of certain of or all of borrowings availed by: (a) the company; (b) certain of its subsidiaries, namely, (i) Sharp Tanks and Structurals Private Limited; (ii) Terra91 International Private Limited; (iii) Smile Electronics Limited; (iv) Kryfs Power Components Limited; (v) Kryfs Transformers Private Limited; (vi) Unimacts Global LLC; (vii) Zetwerk Manufacturing SG Pte. Ltd.; (viii) Zap91 Solar India Private Limited; and (ix) Zet Town India Private Limited through investments in such them — Rs 1,300 crore Funding inorganic growth through unidentified acquisitions and other strategic acquisitions, and general corporate purposes;