2 weeks ago

Zetwerk Files Updated DRHP for Rs 2,600 Crore IPO

Zetwerk is a company that helps other businesses make their products by connecting many smaller factories together.

It calls this big network its 'universal factory.'

Zetwerk wants to become a public company, which means people can buy little pieces of it called shares.

To do that, it needs permission from a market watchdog called SEBI.

SEBI already said yes.

Now Zetwerk will sell new shares to raise about 2,600 crore rupees, which is a very big amount of money.

Some of that money will be used to pay back loans the company owes.

The rest will be saved for buying other companies and for everyday business needs.

Early owners of Zetwerk will also get a chance to sell some of their shares to the public.

Key facts

Company: Zetwerk (contract manufacturing startup)
IPO fresh issue: Around Rs 2,600 crore
Offer for sale: Up to 96,837,455 equity shares
Regulator: SEBI (Securities and Exchange Board of India)
Regulatory timeline: Confidential filing April 2026; SEBI approval July 09
Use of proceeds: Rs 1,250 crore company debt repayment; Rs 550 crore subsidiary borrowings; acquisitions and general corporate purposes
Book Running Lead Managers: Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs (India) Securities, Avendus Capital, JM Financial, HSBC Securities and Capital Markets (India), Pantomath Capital Advisors
Business segments: Manufacturing Business and Ecosystem Business (Terra91); Civil Infrastructure Works discontinued in FY26

financialexpress.com · 2 weeks ago