- Issue price
- ₹151per share
- Issue size
- To be announcedAmount set with price
- Face value
- ₹1per equity share
- Lot size
- 99 sharesMin. ₹14,949 at the upper price
- Anchor biddingWed, 2026
- OpensThu, 2026
- ClosesMon, 2026
- AllotmentWed, 2026
- ListingFri, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- —
- Offer for sale
- 14,45,25,036 shares
- Total issue
- —
- Face value
- ₹1
- Listing at
- NSE, BSE
- RHP date
- 11 Oct 2026
Source: Red Herring Prospectus dated 11 Oct 2026Updated
Reservation
Share of the total issue- Employees100.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | 10% |
| Non-institutional investors (NII) | — | — | 15% |
| Qualified institutional buyers (QIB) | — | — | 75% |
| Employees | 7,00,000 | 100.00% | — |
Source: Red Herring Prospectus dated 11 Oct 2026Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
Fiscal 2026, pre-issue- EPS (basic)
- -₹6.69
- EPS (diluted)
- -₹6.69
- EPS (basic) (Weighted average (Fiscal 2024-26))
- -₹4.54
- RoNW
- -21.11%
- NAV per share (As on June 30, 2026)
- ₹25.85
Source: Red Herring Prospectus dated 11 Oct 2026Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 30 Jun 20263 months | 31 Mar 202612 months | 30 Jun 20253 months | 31 Mar 202512 months | 31 Mar 202412 months |
|---|---|---|---|---|---|
| Revenue from operations | 4,117.88 | 15,913.32 | 2,649.44 | 11,331.86 | 12,364.37 |
| Total income | 4,195.70 | 16,100.63 | 2,702.10 | 11,492.23 | 12,523.46 |
| EBITDA | 141.22 | -353.53 | -754.88 | 293.33 | -293.54 |
| Profit after tax | -732.98 | -1,606.17 | -1,368.47 | -370.71 | -917.95 |
| Net worth | 3,927.88 | 4,653.90 | 3,860.67 | 4,411.79 | 4,065.26 |
| Reserves and surplus | -771.23 | -15.96 | 3,803.94 | 4,355.22 | 4,025.00 |
| Total assets | 12,016.09 | 13,384.63 | 9,083.09 | 10,355.43 | 10,330.85 |
12 months vs 12 months: revenue +40.4%, profit after tax −333.3%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Red Herring Prospectus dated 11 Oct 2026Updated
About the company
The company runs a technology-led, asset-light manufacturing platform that routes production orders across third-party suppliers and its own plants for industrial and consumer customers in India and abroad. It also operates an ecosystem business that sources and trades industrial commodities such as metals and petrochemicals for its customers.
- Incorporated
- 2017
- Industry
- Industrial Manufacturing Platform
- CIN
- U74999KA2017PLC128777
- Website
- zetwerk.com
Source: Red Herring Prospectus dated 11 Oct 2026Updated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Amrit Pratik Acharya | Promoter | — | — | 1,42,30,672 |
| Srinath Ramakkrushnan | Promoter | — | — | 1,42,30,672 |
| Creovate Innovation Private Limited | Promoter group | — | — | 2,29,74,820 |
| Peak XV Partners Investments V (formerly SCI Investments V) | Selling shareholder | — | — | 1,76,11,820 |
| Lightspeed Venture Partners Select IV Mauritius | Selling shareholder | — | — | 1,35,29,722 |
| Kae Capital Fund II | Selling shareholder | — | — | 1,25,70,262 |
| Accel India V (Mauritius) Limited | Selling shareholder | — | — | 1,20,16,622 |
| Lightspeed India Partners II, LLC | Selling shareholder | — | — | 1,15,97,361 |
| Peak XV Partners Growth Investments III (formerly SCI Growth Investments III) | Selling shareholder | — | — | 57,97,579 |
| Kalysta Capital Fund II (Mauritius) | Selling shareholder | — | — | 41,90,105 |
| Lightspeed India Partners III, LLC | Selling shareholder | — | — | 31,45,603 |
| Saifuddin Fakhruddin Qureishi | Selling shareholder | — | — | 28,57,565 |
| Matthew Harris Arnold | Selling shareholder | — | — | 24,42,738 |
| Subbiah Vellayan | Selling shareholder | — | — | 4,09,182 |
| A. Venkatachalam | Selling shareholder | — | — | 4,08,469 |
| Shivraj Singh Kandhari (Guardian, Bikramjit Singh Kandhari) | Selling shareholder | — | — | 100 |
| Can Köseoğlu | Selling shareholder | — | — | 2,99,402 |
| Andrew Richard Woglom | Selling shareholder | — | — | 2,56,630 |
| Cem Garih Nahmiyas | Selling shareholder | — | — | 86,129 |
| Nitin Mahajan | Selling shareholder | — | — | 83,167 |
| Daniel Robert Bachelet | Selling shareholder | — | — | 71,286 |
| Vishal Chaudhary | Selling shareholder | — | — | 17,14,539 |
| Rahul Sharma | Selling shareholder | — | — | 17,14,539 |
| Ankit Fatehpuria | Selling shareholder | — | — | 22,86,052 |
Source: Red Herring Prospectus dated 11 Oct 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repay or prepay part or all of borrowings of the company and certain subsidiaries, including investing in those subsidiaries for this purpose | 2,160.00 |
| Fund inorganic growth through unidentified acquisitions and other strategic acquisitions, and general corporate purposes | Set with price |
Source: Red Herring Prospectus dated 11 Oct 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Asset-light hybrid model combines third-party supplier capacity with selective own facilities.
- Proprietary workflow software coordinates orders across suppliers, plants and geographies.
- Repeat customers make up a large share of manufacturing revenue.
- Business spans multiple industries and countries, reducing reliance on one sector.
- Founder-led management team with long operating experience.
Risks
- The company has reported restated losses in each period presented.
- Most manufacturing output is made by third-party suppliers, exposing it to supply, quality and price risks.
- Large exceptional and discontinued-operations losses weigh on results.
- The company carries substantial borrowings, and part of the issue proceeds is earmarked for repaying them.
- Funding requirements and deployment plans have not been appraised by any bank or agency.
Source: Red Herring Prospectus dated 11 Oct 2026Updated
Contacts
Source: Red Herring Prospectus dated 11 Oct 2026Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 11 Oct 2026Updated
After listing
| Listing day | Open | High | Low | Close | Close vs issue price |
|---|---|---|---|---|---|
| 23 Oct 2026 | ₹159 | — | — | — | — |
Work out the gain or loss on allotted shares after charges and tax →
Source: Red Herring Prospectus dated 11 Oct 2026Updated
Frequently asked questions
When does the Zetwerk Manufacturing Businesses IPO open and close?
According to the Red Herring Prospectus, the issue opens on Thursday, 15 October 2026 and closes on Monday, 19 October 2026.
What is the Zetwerk Manufacturing Businesses IPO price band?
The final issue price is ₹151 per share.
What is the lot size of the Zetwerk Manufacturing Businesses IPO?
One lot is 99 shares, which is ₹14,949 at ₹151 per share.
Where will Zetwerk Manufacturing Businesses shares list?
On NSE and BSE. The tentative listing date is Friday, 23 October 2026.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Zetwerk Manufacturing Businesses IPO allotment status?
The basis of allotment is expected to be finalised on Wednesday, 21 October 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹2,160 Cr for repay or prepay part or all of borrowings of the company and certain subsidiaries, including investing in those subsidiaries for this purpose, and the rest for the other stated purposes.
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Spotted something wrong?
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