Zetwerk IPO: Issue To Open On October 15; Manufacturing Firm Seeks $2.64 Billion Valuation

Last Updated:October 12, 2026, 10:15 IST

The Rs 4,882-crore ($518 million) IPO will open for public subscription on October 15 and close on October 19.

Typesetting IPO.

Typesetting IPO: Peak XV Partners and Accel India-backed Zetwerk Manufacturing Businesses is seeking a valuation of Rs 25,583 crore ($2.64 billion) through its initial public offering (IPO), according to a company filing on Monday.

The Rs 4,882-crore ($518 million) IPO will open for public subscription on October 15 and close on October 19. The company’s shares are expected to list on the stock exchanges on October 23, while anchor investor bidding will take place on October 14.

The technology-driven manufacturing platform has set a price band of Rs 143-151 per share. The offering comprises a fresh issue of shares worth up to Rs 2,830 crore and an offer for sale (OFS) of 14.453 crore shares by promoters and existing investors.

Zetwerk IPO: Who Is Selling Shares?

Zetwerk’s promoters — Amrit Pratik Acharya, Srinath Ramakkrushnan and Creovate Innovation — are collectively selling 5.14 crore shares in the IPO. Existing investors, including Peak XV Partners, Lightspeed Venture Partners and Accel India, are also among the shareholders offering their stakes.

The fresh issue proceeds are separate from the OFS component, through which the selling shareholders will receive the proceeds from the shares sold.

Zetwerk operates a technology-driven manufacturing platform and counts wind turbine maker Siemens Gamesa, computer hardware company Acer India, the Indian Air Force and NTPC Renewable Energy among its customers.

The company is tapping the primary market at a time when investor activity in India’s IPO market remains strong. Jio Platforms is also expected to launch its public issue on October 21, which could become the country’s largest-ever IPO.

More than 230 companies have raised $12.65 billion through public offerings in India so far this year as of October 7, marking an increase of 8.3% from the corresponding period last year, according to LSEG data.

Zetwerk Financial Performance

Zetwerk reported revenue from operations of Rs 4,118 crore for the April-June quarter. Its restated loss from continuing operations stood at Rs 641.29 crore during the period. Revenue increased by more than 55% year-on-year, while the loss narrowed significantly from Rs 881 crore in the corresponding period a year earlier.

The sharp improvement in revenue and narrowing losses will be among the key financial indicators investors may assess while evaluating the manufacturing company’s IPO.

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What are the key dates and price band for the Zetwerk IPO?

The Zetwerk IPO will open for public subscription on October 15 and close on October 19, with anchor investor bidding on October 14 and a targeted listing on October 23. The company has set a price band of Rs 143 to Rs 151 per share.

What is the total issue size and valuation sought by Zetwerk in its IPO?

Zetwerk is seeking a valuation of Rs 25,583 crore, or approximately $2.64 billion, through its public offering. The entire IPO is valued at Rs 4,882 crore, which is about $518 million.

How did Zetwerk perform financially in the April-June quarter?

Zetwerk reported Rs 4,118 crore in revenue from operations for the April-June quarter, marking a year-on-year increase of over 55%. Its restated loss from continuing operations stood at Rs 641.29 crore, which narrowed significantly from Rs 881 crore in the same period the previous year.

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