Business · Markets · 1 day ago
Zetwerk targets ₹27,000 crore valuation for planned IPO
Zetwerk, an India-based business-to-business manufacturing platform, is preparing to sell shares to the public.
It is aiming to launch its IPO in the coming weeks at a valuation of about ₹27,000 crore.
The planned sale includes ₹2,830 crore of new shares and ₹2,200 crore of shares sold by existing investors.
More than 30 domestic and foreign investors are considering taking part in the anchor book, including major investment firms and funds.
Zetwerk uses its software platform and manufacturing network to supply products to industries such as renewable energy, electronics and aerospace.
Its estimated operating revenue rose 24% in fiscal 2026 to ₹15,900 crore.
The IPO comes as investor sentiment is weak, especially towards technology stocks, which could affect demand and pricing.
The company said it would announce the IPO price range on 12 October and is expected to file its prospectus with India’s markets regulator within two weeks.
Zetwerk is preparing an IPO at a target valuation of around ₹27,000 crore, or $3.1 billion.
The offering is expected to include a fresh issue of ₹2,830 crore and an offer for sale of ₹2,200 crore by existing investors.
More than 30 domestic and foreign investors are considering participating in the anchor book, including ADIA, Norway’s central bank and asset management arms of Goldman Sachs, SBI and HDFC.
The company said it would announce the IPO price band on 12 October.
Zetwerk reported estimated FY26 operating revenue of ₹15,900 crore, up 24% from FY25, according to a report cited by Mint.
- Who
- Zetwerk, a business-to-business manufacturing platform.
- What
- It is preparing an IPO targeting a valuation of around ₹27,000 crore.
- When
- The company is looking to launch the IPO in the next few weeks. It said it would announce the price band on 12 October.
- Where
- India’s public markets.
- Why
- The company is seeking to capitalise on investor interest in India’s industrial growth story.
This story does not have two clearly opposing sides.
There is a diversified book that includes mutual funds and key FIIs. The company is likely to be valued at around ₹27,000 crore
Zetwerk was founded by Amrit Acharya, Srinath Ramakkrushnan, Vishal Chaudhary, Ankit Fatehpuria and Rahul Sharma.
Zetwerk recorded estimated operating revenue of ₹15,900 crore, up 24% from FY25.
The company said it would announce the IPO price band.
Zetwerk is looking to launch its IPO.
The company is expected to file its red herring prospectus with Sebi, according to people cited by Mint.
- Target valuation
- Around ₹27,000 crore ($3.1 billion)
- Fresh issue
- ₹2,830 crore
- Offer for sale
- ₹2,200 crore by existing investors
- Anchor book
- More than 30 foreign and domestic investors are considering participation
- FY26 operating revenue
- Estimated ₹15,900 crore, up 24% from FY25
Sources
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