Zetwerk updates IPO papers for Rs 2,600 crore fresh issue

Zetwerk is a big company in India that makes products for other businesses.

It wants to sell part of the company to the public for the first time, which is called an IPO.

To do that, it must get permission from Sebi, which is like a safety officer for the stock market.

Zetwerk wants to raise Rs 2,600 crore from its IPO.

Most of that money will go toward paying back money it borrowed from banks.

The company has been growing very quickly.

In its last full year, it earned much more than before, and its customer orders doubled.

Nearly a third of its manufacturing business comes from other countries.

Zetwerk also runs a services business called Terra91.

It stopped its civil infrastructure business so it could focus on what it does best.