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Zetwerk IPO

Zetwerk IPO

Zetwerk IPO

Overview

Zetwerk IPO is a book build issue of ₹5,012.33 crores. The issue is a combination of fresh issue of 18.75 crore shares aggregating to ₹2,830.00 crores and offer for sale of 14.45 crore shares aggregating to ₹2,182.33 crores. Zetwerk IPO opens for subscription on Oct 15, 2026 and closes on Oct 19, 2026. The allotment for the Zetwerk IPO is expected to be finalized on Oct 21, 2026. Zetwerk IPO will list on NSE and BSE with a tentative listing date fixed as Oct 23, 2026. Zetwerk IPO is set issue price band at ₹143 to ₹151 per share. The lot size for an application is 99 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,949 (99 shares) (based on upper price). Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Total Shares

33,20,07,155

Issue Size

₹5,012 Cr

Price Band

₹143 – ₹151

Lot Size

99 shares

Min. Investment

₹14,949

Max. Investment

₹1,94,337

Open Date

15 Oct, 2026

Close Date

19 Oct, 2026

Allotment

21 Oct, 2026

Listing

23 Oct, 2026

Announced

15 Oct, 2026

Opening Date

15 Oct, 2026

Closing Date

19 Oct, 2026

Basis of Allotment

21 Oct, 2026

Initiation of Refunds

22 Oct, 2026

Credit of Shares

22 Oct, 2026

Listing Date

23 Oct, 2026

Live GMP

Est. Listing: ₹175

₹24

Apply via UPI in 5 minutes

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About Zetwerk IPO

Incorporated in 2017, Zetwerk Manufacturing Businesses Private Limited is a technology-led global manufacturing platform. The Company operates as a managed marketplace connecting industrial and consumer enterprises with a global network of manufacturing partners for custom and large-scale production requirements. The company serves across sizes, from innovative startups to mature companies, and across industries, including utilities, renewables, consumer electronics, artificial intelligence i

Zetwerk IPO Share Price

Issue Breakdown

Total Issue33,20,07,155 shares₹5,012 Cr
Fresh Issue18,74,82,119 shares₹2,830 Cr
Offer for Sale14,45,25,036 shares₹2,182 Cr

Shareholding

Pre-Issue1,50,67,72,659
Post-Issue1,69,42,54,778

Dilution: 12.4% increase in shares

Zetwerk IPO Financial Health

Zetwerk Manufacturing Business Ltd.'s revenue increased by 40% and profit after tax (PAT) dropped by 333% between the financial year ending with March 31, 2026 and March 31, 2025.

Zetwerk IPO Lot Size

Investors can bid for a minimum of 99 shares and in multiples thereof.

ApplicationLotsSharesAmount
Retail (Min)199₹14,949
Retail (Max)131287₹1,94,337
S-HNI (Min)141386₹2,09,286
S-HNI (Max)666534₹9,86,634
B-HNI (Min)676633₹10,01,583

(All values in CR)

Zetwerk IPO Valuations

MetricValue
RoNW-1.74
NAV25.85

(All values in CR)

Zetwerk IPO Strength & Risk

+Strengths

Zetwerk IPO Strength

  • Strong presence in contract manufacturing across industrial, energy, electronics and precision-engineering sectors.

  • Revenue from continuing operations grew 40.43% to ₹15,913.32 crore in FY2026.

  • Manufacturing order book of ₹12,370 crore as of March 2026, supporting future business visibility.

  • Growing manufacturing capabilities through a combination of owned facilities and third-party supplier networks.

  • Exposure to growth opportunities in renewable energy, power infrastructure, electronics and defence manufacturing.

  • Improving adjusted EBITDA, indicating progress in operating performance.

!Risks

Zetwerk IPO Risk

  • Continued losses, with a reported loss of ₹964.39 crore from continuing operations in FY2026.

  • Negative operating cash flow, with cash outflow of ₹681.5 crore in FY2026.

  • High dependence on third-party suppliers for manufacturing capacity, raw materials and product quality.

  • Customer concentration risk, with the top 10 customers contributing 35.90% of FY2026 revenue.

  • Rising working capital requirements due to substantial inventory and trade receivables.

  • Exposure to demand fluctuations across renewable energy, electronics and industrial manufacturing markets.

Zetwerk IPO GMP

Zetwerk IPO last recorded Grey Market Premium (GMP) is ₹24, updated on Oct 12, 2026 09:37:03 AM. With an upper price band of ₹151.00, the estimated listing price for Zetwerk IPO is ₹175 (cap price + today's GMP). The expected percentage gain/loss per share is 15.89%. • Zetwerk IPO Retail Subject to Sauda: ₹1800 • Zetwerk IPO Small HNI Subject to Sauda: ₹25200 Grey market trading for Zetwerk IPO has commenced over the past 2 sessions. Due to limited historical data, initial trends are forming. Stay tuned for daily Zetwerk IPO GMP updates, price trends, and expected listing estimates.

+₹240

Last updated 12 Oct, 2026 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
12 Oct, 20260₹24▼-₹175 (15.89%)237612 Oct, 2026
11 Oct, 20260₹30-₹30 (0.00%)-11 Oct, 2026

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Zetwerk IPO

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

Go to IPO Section

Find Zetwerk IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.

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