Zetwerk Manufacturing Businesses Limited IPO
15 Oct 2026 – 19 Oct 2026
Issue Details
- Price Band
- ₹143 – ₹151
- Lot Size
- 99 shares
- Min Investment
- ₹14,949 (1 lot · 99 shares)
- Face Value
- ₹1
- Fresh Issue
- ₹2830 Cr (to the company)
- Offer for Sale
- 14,45,25,036 shares (to selling holders)
- Issue Size
- Initial Public offer comprising Fresh issue of aggregating up to Rs. 28,300 million and offer for sale up to 14,45,25,036 Equity Shares (Including Eligible Employee Reservation up to 7,00,000 Equity Shares)
- Registrar
- Kfin Technologies Ltd. ↗
Timetable
GMP History
Latest GMP ₹23 · Last updated 13 Oct 2026, 9:49 pm IST
The graph appears from the second day of GMP data.
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 13 Oct | ₹23 | +15.2% | — | ₹174 |
Subscription
Subscription figures appear once bidding opens.
Financials
All values in ₹ crore
About Zetwerk Manufacturing Businesses
Zetwerk Manufacturing Businesses Private Limited is a technology-driven global manufacturing platform that connects industrial and consumer businesses with a diversified network of manufacturing partners. Through its managed marketplace, the Company facilitates customised and large-scale manufacturing requirements for businesses ranging from emerging startups to established enterprises. Its customer base spans multiple industries, including utilities, renewable energy, consumer electronics, artificial intelligence infrastructure, aerospace, space and defence, oil and gas, and industrial automation. The Company operates an asset-light business model, offering integrated manufacturing solutions encompassing product design, supplier identification, quality assurance and logistics management. Its proprietary technology platform, Zetwerk OS, supports end-to-end workflow management and provides real-time visibility throughout the manufacturing process. The Company's operational capabilities are supported by scalable production capacity, stringent quality control processes, shorter delivery cycles and a diversified international customer base. Zetwerk serves a broad range of manufacturing segments, including electronics, renewable energy, aerospace and defence, capital goods and precision engineering. The Company has an international presence spanning more than 25 countries, supported by a network of over 10,000 suppliers and more than 1,100 customers, including Fortune 500 enterprises. Its manufacturing infrastructure comprises over 20 facilities across India, the United States and Mexico. During Fiscal 2026, the Company served 1,802 customers, of which 1,613 were based in India and 189 were located outside India.
As published in the company's own offer documents.
Strengths
- Capabilities across multiple industry verticals: The Company continues to develop manufacturing expertise and operational capabilities to serve a wide range of industries and evolving customer requirements.
- Capital-efficient scalability: Its asset-light operating structure enables the Company to expand manufacturing capacity and serve growing demand without relying exclusively on investments in owned production infrastructure.
- Proprietary technology platform: Zetwerk OS integrates workflows across the manufacturing lifecycle, enhancing operational visibility, coordination and efficiency while strengthening network effects across its ecosystem.
- Established customer relationships: Long-standing customer relationships support repeat business, improve revenue visibility and contribute to greater customer retention.
- Expansion of value-added services: The Company can broaden its service offerings by introducing complementary solutions across its manufacturing ecosystem, strengthening its overall value proposition to customers.
- Experienced leadership and governance: The Company benefits from an experienced management team with exposure to different business cycles, supported by an established board of directors.
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- Kotak Mahindra Capital Company Limited
- Morgan Stanley India Company Private Limited
- Goldman Sachs (India) Securities Private Limited
- Avendus Capital Private Limited
- JM Financial Limited
- HSBC Securities
- Capital Markets (India) Private Limited
- Pantomath Capital Advisors Private Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 99 | ₹14,949 |
| Retail (max)most that stays under ₹2L | 13 | 1,287 | ₹1,94,337 |
| S-HNI (min)first bid over ₹2L | 14 | 1,386 | ₹2,09,286 |
| S-HNI (max)most that stays under ₹10L | 66 | 6,534 | ₹9,86,634 |
| B-HNI (min)first bid over ₹10L | 67 | 6,633 | ₹10,01,583 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Discount
- Rs. 14/- per equity share is being offered to Eligible Employees Bidding in the Employee Reservation Portion
- Minimum Order
- 99 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- UPI Eligible
- IND and EMP (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 19-Oct-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- Kotak Mahindra Bank Limited and ICICI Bank Limited
Registrar
- Name
- Kfin Technologies Ltd.
- Address
- The Centrium, 3rd Floor, 57 Lal Bahadur Shastri Road, Nav Pada, Kurla (West) Mumbai 400 070 Maharashtra, India
- Contact
- Williams R., +91 40 6716 2222/180 0309 4001, zetwerk.ipo@kfintech.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
In the news
- The Economic Times
Zetwerk's Rs 5,012 crore IPO to open this week. Check price band, other details
Zetwerk Manufacturing Business has set its IPO price band at Rs 143–151 per share for its Rs 5,012.33-crore issue opening on October 15. The offering includes a fresh issue of Rs…
- The Economic Times
Zetwerk weighs nearly Rs 5,000 crore IPO next week: Report
Zetwerk is preparing to launch an IPO as early as October 15, seeking to raise up to $525 million at a targeted valuation of $2.8 billion. The offering will include a fresh issue…
Headlines from The Economic Times, matched to this company by name. Reproduced as published — not our reporting, and not investment advice. More IPO news
Frequently Asked Questions
What is the GMP of Zetwerk Manufacturing Businesses Limited IPO today?
The latest grey market premium for Zetwerk Manufacturing Businesses Limited IPO is ₹23. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Zetwerk Manufacturing Businesses Limited IPO?
The price band is ₹143 – ₹151, with a lot size of 99 shares. The minimum investment is ₹14,949.
When does Zetwerk Manufacturing Businesses Limited IPO open and close?
The issue opens on 15 Oct 2026 and closes on 19 Oct 2026. Listing is expected on 23 Oct 2026.
Who is the registrar for Zetwerk Manufacturing Businesses Limited IPO?
Kfin Technologies Ltd. is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.