Zetwerk
Price band ₹143–151 · Issue ₹5012.33 Cr
Market attention score 35.7 (how ranked)
IPO alerts
Get notified for open, close, allotment. Delivered in-app, push, and email.
Automated WhatsApp broadcasts aren't available yet — use this to ping yourself or a group.
Capital required
Approximate retail outlay for Zetwerk at the issue price band (lot × lots).
Est. capital
₹14,157 – ₹14,949
Lot size 99 · up to ₹151/share
Prefer smaller tickets before listing? Explore unlisted & pre-IPO shares.
Opens
15 Oct 2026
Closes
19 Oct 2026
Allotment
21 Oct 2026
Listing
23 Oct 2026
Lot size
99
GMP
+10.6%
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.
Refer to Zetwerk IPO RHP for detailed Information.
Issue details
IPO Date
15 to 19 Oct, 2026
Listing Date
Fri, Oct 23, 2026
Face Value
₹1 per share
Price Band
₹143 to ₹151
Lot Size
99 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Employee Discount
₹14.00
Lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 99 | ₹14,949 |
| Retail (Max) | 13 | 1287 | ₹1,94,337 |
| S-HNI (Min) | 14 | 1386 | ₹2,09,286 |
| S-HNI (Max) | 66 | 6534 | ₹9,86,634 |
| B-HNI (Min) | 67 | 6633 | ₹10,01,583 |
Issue reservation
| Investor Category | Shares |
|---|---|
| QIB | Not less than 75% of the Net Offer |
| Retail | Not more than 10% of the Net Offer |
| NII | Not more than 15% of the Net Offer |
About the company
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 infrastructure, aerospace, space & defence, oil & gas, and industrial automation.
The Company follows an asset-light business model and provides end-to-end solutions, including design, supplier matching, quality control, and logistics. The Company’s proprietary platform, Zetwerk OS, enables real-time tracking and transparency across the manufacturing lifecycle. Its key strengths include scalable manufacturing capacity, strong quality control systems, faster delivery timelines, and a diversified global customer base.
It operates across key sectors such as electronics, renewable energy, aerospace and defence, capital goods, and precision manufacturing. Zetwerk has a presence in over 25 countries and a network of 10,000+ suppliers and 1,100+ customers, including Fortune 500 companies. It also operates 20+ manufacturing facilities across India, the United States, and Mexico.
In Fiscal 2026, the company had 1,802 customers, comprising 1,613 customers within India and 189 customers outside India.
- Unique business model enables us to serve multiple demand pools and makes them resilient across economic cycles
- Building Capabilities to Serve Multiple Industry Verticals
- Ability to scale in a capital-efficient manner
- Zetwerk OS, their proprietary technology enables end‑to-end workflow management across the manufacturing lifecycle while driving powerful network effects across their operations
- Deep relationships with customers driving higher revenue visibility and stickiness
- Ability to add value-additive ecosystem services to the manufacturing platform
- Experienced, cycle-tested management team backed by an experienced board of directors
Financials
| Metric | 30 Jun 2026 | 31 Mar 2026 | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|---|
| Assets | 12,016.09 | 13,384.63 | 9,083.09 | 10,355.43 | 10,330.85 |
| Total Income | 4,195.70 | 16,100.63 | 2,702.10 | 11,492.23 | 12,523.46 |
| Profit After Tax | -732.98 | -1,606.17 | -1,368.47 | -370.71 | -917.95 |
| EBITDA | 103.16 | 421.34 | 31.11 | 322.59 | 97.03 |
| NET Worth | 4,094.13 | 4,813.72 | 3,905.13 | 4,453.76 | 4,062.46 |
| Reserves and Surplus | -771.23 | -15.96 | 3,803.94 | 4,355.22 | 4,025.00 |
| Total Borrowing | 1,942.19 | 1,936.16 | 1,707.21 | 1,746.55 | 1,232.10 |
Amounts in ₹ Crore (restated)
Key performance indicators
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| RoNW | -1.74% | -21.11% |
| NAV | 25.85 | 31.26 |
| P/B (x) | 4.83 |
Valuation
Valuation Metric
Pre IPO
EPS (₹)
-10.66
P/E (x)
-14.17
Market Cap at Offer Price
₹22,752.27 Cr.
Objects of the issue
- Repayment/prepayment, in part or full, of certain of or all of borrowings availed by the company
- Funding inorganic growth through unidentified acquisitions and other strategic acquisitions
- General Corporate Purposes
- Repayment/prepayment, in part or full, of certain of or all of borrowings availed
Intermediaries
Registrar
Kfin Technologies Ltd.
Lead manager(s)
Kotak Mahindra Capital Co.Ltd., Morgan Stanley India Co.Pvt.Ltd., Goldman Sachs (India) Securities Pvt.Ltd., Avendus Capital Pvt.Ltd., JM Financial Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., Pantomath Capital Advisors Pvt.Ltd.
FAQs
How to apply in Zetwerk IPO through Zerodha?+
Zerodha customers can apply online in Zetwerk IPO using UPI as a payment gateway. Zerodha customers can apply in Zetwerk IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Zetwerk IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ' Zetwerk IPO ' row and click the 'Bid' button. Enter your UPI ID, Quantity, and Price. Submit IPO application form. Visit the UPI App (net banking or BHIM ) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.
When Zetwerk IPO will open?+
The Zetwerk IPO opens on Thu, Oct 15, 2026 and closes on Mon, Oct 19, 2026.
What is the lot size of Zetwerk IPO?+
Zetwerk IPO lot size is 99 , and the minimum amount required for application is ₹14,949 .
How to apply for Zetwerk IPO?+
You can apply in Zetwerk IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
When is Zetwerk IPO allotment?+
The finalization of Basis of Allotment for Zetwerk IPO will be done on Wednesday, October 21, 2026 , and the allotted shares will be credited to your demat account by Thu, Oct 22, 2026 . Check the Zetwerk IPO allotment status .
When is Zetwerk IPO listing date ?+
The Zetwerk IPO listing date is not yet announced. The tentative date of listing is Fri, Oct 23, 2026 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.