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Zetwerk Sets IPO Price Band At ₹143-₹151 For ₹5,012 Cr Issue
First reported Source: Inc42 + 1 moreLast editorial activity
What happened
At the upper end of the price band, Zetwerk is seeking a post-issue market capitalisation of around ₹25,583 Cr (about $2.7 Bn). B2B manufacturing company Zetwerk has set a price band of ₹143-₹151 per share for its IPO (the sale of a company’s shares to the public on a stock exchange), which will be worth ₹5,012.3 Cr at the upper end of the band.
The issue comprises a fresh issue of ₹2,830 Cr and an OFS of up to 14.45 Cr shares, worth ₹2,182.3 Cr at the upper end, according to its RHP. The company has increased the fresh issue from ₹2,600 Cr outlined in its UDRHP.
The OFS has also grown 49.2% from about 9.7 Cr shares. Zetwerk plans to use ₹2,160 Cr from the fresh issue to repay or prepay borrowings of the company and certain subsidiaries.
Sources & evidence
- Inc42 Reporting source
Zetwerk Sets IPO Price Band At ₹143-₹151 For ₹5,012 Cr Issue ↗
https://inc42.com/buzz/zetwerk-sets-ipo-price-band-at-%e2%82%b9143-%e2%82%b9151-for-%e2%82%b95012-cr-issue/ - YourStory
Zetwer sets IPO price band at Rs 143-151, aims to raise Rs 5,012 Cr ↗
https://yourstory.com/2026/10/zetwer-sets-ipo-price-band-rs-143-151-to-raise-rs-5012-cr