Business · Markets · 1 hr ago
Zetwerk sets ₹143–₹151 price band for ₹5,012 crore IPO
Zetwerk, a business-to-business manufacturing company, has set a price of ₹143 to ₹151 per share for its planned IPO.
The offering is valued at up to ₹5,012.3 crore and includes new shares as well as shares sold by existing investors.
At the top of the price range, the company would have a post-IPO valuation of about ₹25,583 crore.
Zetwerk plans to use ₹2,160 crore from the new shares to repay or prepay borrowings held by the company and some subsidiaries.
The rest of the proceeds will go toward acquisitions and general corporate purposes.
The IPO opens for subscriptions on October 15 and closes on October 19, with bidding for anchor investors scheduled for October 14.
Zetwerk has set a price band of ₹143–₹151 per share for its ₹5,012.3 crore initial public offering.
The IPO comprises a fresh issue of ₹2,830 crore and an offer for sale of up to 14.45 crore shares.
At the upper end of the band, the company is seeking a post-issue market capitalisation of about ₹25,583 crore.
Zetwerk plans to use ₹2,160 crore from the fresh issue to repay or prepay borrowings.
The IPO will open for subscription on October 15 and close on October 19, with anchor investor bidding on October 14.
- Who
- Zetwerk, a B2B manufacturing company.
- What
- It set a ₹143–₹151 per-share price band for an IPO worth ₹5,012.3 crore at the upper end.
- When
- The IPO opens on October 15 and closes on October 19; anchor investor bidding is scheduled for October 14. The article was published on October 12, 2026.
- Where
- Not stated.
- Why
- The company plans to use ₹2,160 crore of the fresh issue to repay or prepay borrowings; the remaining net proceeds will fund acquisitions and general corporate purposes.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Zetwerk filed its draft IPO papers confidentially.
Zetwerk filed its updated draft red herring prospectus.
Inc42 reported that Zetwerk had set its IPO price band.
Anchor investor bidding is scheduled to take place.
The IPO is scheduled to open for subscription on October 15 and close on October 19.
- Price band
- ₹143–₹151 per share
- IPO size
- ₹5,012.3 crore at the upper end
- Fresh issue
- ₹2,830 crore
- Offer for sale
- Up to 14.45 crore shares, worth ₹2,182.3 crore at the upper end
- Debt repayment
- ₹2,160 crore of fresh issue proceeds
Sources
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