Zetwork has announced its upcoming book-built IPO, which aims to raise a total of ₹5,012.33 crore. The public offer comprises a fresh issue of 18.75 crore shares worth ₹2,830.00 crore, along with an offer for sale of 14.45 crore shares worth ₹2,182.33 crore. The price band has been fixed at ₹143 to ₹151 per share, with a mandatory lot size of 99 shares, meaning retail investors need to invest a minimum of ₹14,949 based on the upper price band.
The subscription window opens on October 15, 2026, and closes on October 19, 2026. Following the closure, share allotment is expected to be finalized by October 21, 2026, with the stock tentatively listing on both the NSE and BSE on October 23, 2026. Kotak Mahindra Capital Co. Ltd. is serving as the book-running lead manager for the issue, while Kfin Technologies Ltd. acts as the official registrar.
Zetwerk Manufacturing Business IPO Allotment Status
| Company Name | Allotment Date | Listing Date | Registrar (Check Link) |
|---|---|---|---|
| Zetwerk Manufacturing Business | Wed, Oct 21, 2026 | Fri, Oct 23, 2026 | https://ipostatus.kfintech.com/ |
Zetwerk Manufacturing Business IPO Overview
| Details | Descriptions |
|---|---|
| IPO Date | 15 to 19 Oct, 2026 |
| Listing Date | Fri, Oct 23, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹143 to ₹151 |
| Lot Size | 99 Shares |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 33,20,07,155 shares (agg. up to ₹5,012 Cr) |
| Fresh Issue | 18,74,82,119 shares (agg. up to ₹2,830 Cr) |
| Offer for Sale | 14,45,25,036 shares of ₹1 (agg. up to ₹2,182 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹14.00 |
| Share Holding Pre Issue | 1,50,67,72,659 shares |
| Share Holding Post Issue | 1,69,42,54,778 shares |
Zetwerk Manufacturing Business IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Thu, Oct 15, 2026 |
| IPO Close Date | Mon, Oct 19, 2026 |
| Tentative Allotment | Wed, Oct 21, 2026 |
| Initiation of Refunds | Thu, Oct 22, 2026 |
| Credit of Shares to Demat | Thu, Oct 22, 2026 |
| Tentative Listing Date | Fri, Oct 23, 2026 |
Zetwerk Manufacturing Business Lot Size Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 99 | ₹14,949 |
| Retail (Max) | 13 | 1287 | ₹1,94,337 |
| S-HNI (Min) | 14 | 1386 | ₹2,09,286 |
| S-HNI (Max) | 66 | 6534 | ₹9,86,634 |
| B-HNI (Min) | 67 | 6633 | ₹10,01,583 |
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not less than 75% of the Net Offer |
| NII | Not more than 15% of the Net Offer |
| Retail | Not more than 10% of the Net Offer |
Zetwerk Manufacturing Business IPO GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* |
|---|---|---|---|---|
| 12-Oct 10:37 | ₹151 | ₹9.5 (6.29%) ▼ | ₹160.5 | ₹940 |
| 11-Oct 21:37 | ₹151 | ₹30 (0.00%) ─ | ₹30 | ₹0 |
| 10-Oct 23:37 | ₹151 | ₹30 (0.00%) ─ | ₹30 | ₹0 |
Investor Category Reservations
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹5 Lakhs | Yes |
| Employee + RII/NII | Up to ₹5Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Overview of Zetwerk Manufacturing Business
Established in 2017, Zetwerk Manufacturing Businesses Private Limited is a technology-driven global manufacturing platform that transforms how custom and large-scale production is delivered. Zetwerk operates a managed marketplace that connects industries and consumers to a large global network of manufacturing partners. Zetwerk serves organizations from high growth startups to Fortune 500 giants in important verticals like utilities, renewable energy, consumer electronics, AI infrastructure, aerospace and defense, oil & gas, and industrial automation.
Headquartered on a less asset-intensive model, Zetwerk brings complete end-to-end solutions for design, intelligent supplier matching, quality control, and logistics. Zetwerk offers a unique tech platform called Zetwerk OS that provides complete transparency, real-time tracking, and end-to-end workflow control throughout the manufacturing process.
Global Reach & Operational Scale
Zetwerk has established a robust global footprint, supporting businesses in over 25 countries:
- Network Scale: Supported by a network of 10,000+ manufacturing partners and over 1,100 active customers.
- Global Presence: Operates 20+ advanced manufacturing facilities across India, the United States, and Mexico.
- Fiscal 2026 Growth: Served 1,802 customers during Fiscal 2026, including 1,613 clients in India and 189 international clients.
Key Competitive Strengths
- Resilient Multi-Sector Model: A dynamic business model that captures diverse demand pools, ensuring stability and resilience across varying economic cycles.
- Broad Vertical Capability: Continuous expansion of technical capabilities to efficiently serve diverse sectors like precision manufacturing, electronics, and capital goods.
- Capital-Efficient Scalability: High-growth capacity driven by an asset-light approach, enabling scale without massive capital expenditure.
- Tech-Driven Efficiency via Zetwerk OS: Proprietary software that streamlines lifecycle workflows and creates strong network effects across operations.
- Deep Customer Relationships: Trusted long-term partnerships that ensure high revenue visibility, repeat business, and strong client retention.
- Ecosystem Value Addition: Integrated services that extend beyond core manufacturing to provide comprehensive solutions for clients.
- Proven Leadership: Led by a cycle-tested, experienced management team and supported by an accomplished Board of Directors.
Company Financials
Zetwerk Manufacturing Business Financial Information (Restated Standalone)
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|---|
| Assets | 12,016.09 | 13,384.63 | 9,083.09 | 10,355.43 | 10,330.85 |
| Total Income | 4,195.70 | 16,100.63 | 2,702.10 | 11,492.23 | 12,523.46 |
| Profit After Tax | -732.98 | -1,606.17 | -1,368.47 | -370.71 | -917.95 |
| EBITDA | 103.16 | 421.34 | 31.11 | 322.59 | 97.03 |
| NET Worth | 4,094.13 | 4,813.72 | 3,905.13 | 4,453.76 | 4,062.46 |
| Reserves and Surplus | -771.23 | -15.96 | 3,803.94 | 4,355.22 | 4,025.00 |
| Total Borrowing | 1,942.19 | 1,936.16 | 1,707.21 | 1,746.55 | 1,232.10 |
Key Performance Indicator (KPI)
The market cap. of Zetwerk Manufacturing Business IPO is for Pre IPO ₹22,752.27 Cr., & for Post IPO ₹25,583.25 Crores.
KPI as of Jun 30, 2026, & Mar 31, 2026
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| RoNW | -1.74% | -21.11% |
| NAV | 25.85 | 31.26 |
| Price to Book Value | – | 4.83 |
IPO Valuation & Shareholding Structure
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | -10.66 | -ve |
| P/E (x) | -14.17 | -ve |
| Company Promoters: | Amrit Pratik Acharya and Srinath Ramakkrushnan. | |
| Promoter and Promoter Group | 15.86% | 11.36% |
| Public | 84.14% | 88.64% |
| Total | 100% | 100% |
Offer For Sale – Selling Shareholders
| Name | Category | No. of Shares Offered | Amount |
|---|---|---|---|
| Amrit Pratik Acharya | Promoter | 1,42,30,672 | ₹ 214.88 cr. |
| Srinath Ramakkrushnan | Promoter | 1,42,30,672 | ₹ 214.88 cr. |
| Creovate Innovation Pvt.Ltd. | Promoter | 2,29,74,820 | ₹ 346.92 cr. |
| Peak XV Partners Investments V (Formerly known as SCI Investments V) | Corporate | 1,76,11,820 | ₹ 265.94 cr. |
| Lightspeed Venture Partners Select IV Mauritius | Corporate | 1,35,29,722 | ₹ 204.30 cr. |
Zetwerk Manufacturing Business IPO Objectives
| Issue Objects | Est Amt (₹ Cr.) |
|---|---|
| Repayment/prepayment, in part or full, of certain of or all of borrowings availed by the company | 1,300.00 |
| Funding inorganic growth through unidentified acquisitions and other strategic acquisitions | |
| General Corporate Purposes | |
| Repayment/prepayment, in part or full, of certain of or all of borrowings availed | 860.00 |
| Total | 2,160.00 |
Zetwerk Manufacturing Business IPO Contact Details
- Zetwerk Manufacturing Business Ltd. Address
- 84/1, Vaishnavi Sovereign
- Ground & 1st Floor, Green Glen Layout,
- Bellandur,
- Bangalore Urban, Karnataka, 560103
- +91 7624 9748 90
- cs@zetwerk.com
- Website: https://www.zetwerk.com/
Zetwerk Manufacturing Business IPO Registrar
Kfin Technologies Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 040-79615565 |
| Email: | zetwerk.ipo@kfintech.com |
| Website: | https://ipostatus.kfintech.com/ |
Zetwerk Manufacturing Business IPO FAQs
When Zetwerk Manufacturing Business IPO become available?
The IPO will open on Thu, Oct 15, 2026.
What is the minimum lot size for the Zetwerk Manufacturing Business IPO?
The minimum lot size is 99 shares.
When will the shares for the Zetwerk Manufacturing Business IPO be allotted?
The allotment is expected to be finalized on Wed, Oct 21, 2026
What is the expected listing date for the Zetwerk Manufacturing Business IPO?
The tentative listing date is Fri, Oct 23, 2026.
How can I apply for the Zetwerk Manufacturing Business IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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