Zetwerk Manufacturing Businesses Limited IPO Opens Today; Price Band Fixed at ₹143–₹151 per Share
Ahmedabad, October 15, 2026: Zetwerk Manufacturing Businesses Limited’s initial public offering (IPO) opens for subscription today, Thursday, October 15, and will close on Monday, October 19, 2026. The company has fixed the price band at ₹143 to ₹151 per equity share, with a face value of ₹1 per share.
The bidding for anchor investors was scheduled for Wednesday, October 14, 2026. Investors can apply for a minimum of 99 equity shares and in multiples of 99 shares thereafter. At the upper end of the price band, the minimum investment for a retail application comprising 99 shares would amount to ₹14,949, excluding applicable charges.
The public issue comprises a fresh issue of equity shares aggregating up to ₹2,830 crore and an offer for sale (OFS) of up to 14,45,25,036 equity shares by certain existing shareholders. While the proceeds from the fresh issue will go to the company, the proceeds from the OFS will accrue to the respective selling shareholders.
Investor Allocation
Under the applicable SEBI regulations, not less than 75% of the net offer is reserved for Qualified Institutional Buyers (QIBs). Up to 60% of the QIB portion may be allocated to anchor investors on a discretionary basis, subject to applicable regulatory requirements and specified reservations.
Not more than 15% of the net offer will be available for Non-Institutional Investors (NIIs), while not more than 10% will be available for Retail Individual Investors (RIIs). The employee reservation portion, if applicable, will be allocated to eligible employees against valid bids in accordance with the offer documents.
All eligible investors, except anchor investors, are required to apply through the Application Supported by Blocked Amount (ASBA) process. Investors using the UPI mechanism must comply with the applicable application requirements.
Proposed Listing
The equity shares are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited (NSE), with NSE designated as the stock exchange for the issue.
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 and Capital Markets (India) Private Limited, and Pantomath Capital Advisors Private Limited are the book-running lead managers to the issue.
Investors are advised to read the Red Herring Prospectus (RHP) carefully, particularly the risk factors, financial information and terms of the offer, before making an investment decision.
Red Herring Prospectus: https://ir.zetwerk.com/wp-content/uploads/Zetwerk-RHP.pdf
