Zetwerk Manufacturing Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹143 - ₹151
- Lot size
- 99 shares
- Issue amount
- ₹5,012.33 cr
- Total subscription
- 3.1×
- Opens
- 15 Oct 2026
- Closes
- 19 Oct 2026
- Allotment
- 21 Oct 2026
- Listing
- 23 Oct 2026
Offer at a glance
Issue overview
- Issue size
- 33,20,07,155 shares
- Face value
- ₹1 per share
- Minimum investment
- ₹14,157
- Fresh issue
- ₹2,830 cr
- Offer for sale
- ₹2,182.33 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,949
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,50,67,72,659
- Shares after issue
- 1,69,42,54,778
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 99 | ₹14,949 |
| sHNI | 14 | 1,386 | ₹2,09,286 |
| bHNI | 67 | 6,633 | ₹10,01,583 |
Share reservation
Subscription & GMP
Subscription by category
Reported 19 Oct 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 3,34,654 | 1,76,694 |
| EMPLOYEES | 0 | 2,594 |
| HNIs(10L +) | 23,904 | 8,340 |
| HNIs (2-10L) | 11,952 | 9,069 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 1,500.82 | 7,069.85 |
| RETAIL | 500.27 | 380.54 |
| NIB | 750.41 | 1,085.65 |
| HNIs 2+ | 250.14 | 216.64 |
| HNIs 10+ | 500.27 | 869 |
| EMPLOYEES | 10.57 | 18.51 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| EPS | -0.45 | -6.69 | -1.17 | -4.86 |
| ROE | 0 | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 | 0 |
| RONW | -1.74 | -21.11 | -4.76 | -21 |
| PRE IPO(PE) | 0 | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Zetwerk Manufacturing Businesses Private Limited, incorporated in 2017 and headquartered in Bengaluru, India, is a technology-driven global manufacturing platform that connects industrial and consumer businesses with a network of manufacturing partners for customized and large-scale production. The company follows an asset-light model and provides end-to-end services covering design, supplier selection, quality control, production coordination and logistics. It serves key industries including electronics, renewable energy, aerospace and defence, capital goods and precision manufacturing. Zetwerk has a presence across more than 25 countries, with a network of over 10,000 suppliers and 1,100 customers, including Fortune 500 companies, and operates more than 20 manufacturing facilities across India, the United States and Mexico. Its proprietary platform, Zetwerk OS, provides real-time visibility and tracking throughout the manufacturing process. The company is supported by approximately 1,000–1,500 professionals across engineering, technology and project management functions, while its scalable manufacturing network, quality control processes, faster delivery capabilities and diversified global customer base support its growth in the international manufacturing sector.
Strengths
- Technology-Led Manufacturing Platform: Zetwerk operates an asset-light, technology-driven manufacturing platform that connects customers with suppliers and manages the manufacturing lifecycle from design and sourcing to production, quality, and logistics.
- Large & Diversified Manufacturing Network: As of March 2026, the company served 1,802 customers through 6,979 suppliers across 26 countries and operated 26 owned manufacturing facilities across four countries.
- Diversified Industry Exposure: Zetwerk serves multiple sectors including renewable energy, utilities, electronics, aerospace & defence, oil & gas, capital goods, industrial automation, and precision manufacturing, reducing dependence on a single industry.
Risk factors
- Supply Chain Dependence: The business relies on a large network of third-party suppliers for manufacturing capacity and sourcing. Supplier disruptions, quality issues, delays, or capacity constraints could affect customer deliveries and profitability.
- Customer & Order Dependence: Manufacturing demand can fluctuate based on customer orders, project cycles, and end-market conditions. Loss or reduction of business from major customers could negatively impact revenue and capacity utilisation.
- Global Operational Risks: Operations across multiple countries expose the company to changes in trade policies, tariffs, foreign-exchange movements, regulations, geopolitical conditions, and disruptions in international supply chains.
Promoters
Amrit Pratik Acharya
Srinath Ramakkrushnan
Registrar & documents
Lead manager
Avendus Capital Private Limited, Goldman Sachs (India) Securities Private Limited, Hsbc Securities & Capital Markets Private Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Pantomath Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
#84/1, Ground & 1st Floor, Vaishnavi Sovereign, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka, 560103
+917624974890
[email protected]Company website ↗Understanding ZETWERK IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.