Zetwerk Manufacturing IPO
Zetwerk Manufacturing opens for subscription on 15 Oct 2026 and closes on 19 Oct 2026, at a price band of ₹143 – ₹151 with a lot of 99 shares. Listing is expected on 23 Oct 2026.
Updated 22 Oct 2026
Important dates
Opens
15 Oct 2026
Closes
19 Oct 2026
Allotment
21 Oct 2026
Listing
23 Oct 2026
IPO details
| Price band | ₹143 – ₹151 |
|---|---|
| Lot size | 99 shares |
| Minimum investment | ₹14,949 |
| Issue size | ₹5,012.3 crore |
| Face value | ₹1 per share |
| Board | Mainboard |
| Listing at | BSE, NSE |
| Retail quota | 10% |
| EPS | ₹6.69 |
| RoNW | 21.11% |
Grey market premium (GMP)
No meaningful grey market premium was reported at the last update.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscribed 0.31 times overall at the last update.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0.3× | 0.09× | 0.23× | 0.23× |
| Day 2 | 0.37× | 0.17× | 0.37× | 0.31× |
| Day 3 | 0.57× | 0.27× | 0.44× | 0.46× |
How many lots can you apply for?
At the upper price band. Retail bids go up to ₹2 lakh, small NII (sHNI) above ₹2 lakh up to ₹10 lakh, and big NII (bHNI) above ₹10 lakh.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 99 | ₹14,949 |
| Retail (max) | 13 | 1,287 | ₹1,94,337 |
| sHNI (min) | 14 | 1,386 | ₹2,09,286 |
| sHNI (max) | 66 | 6,534 | ₹9,86,634 |
| bHNI (min) | 67 | 6,633 | ₹10,01,583 |
See IPO categories explained for how allotment works in each.
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY24 | 12,523.46 | 12,847.55 | 917.95 |
| FY25 | 11,492.23 | 11,552.03 | 370.71 |
| FY26 | 16,100.63 | 16,141.73 | 1,606.17 |
About Zetwerk Manufacturing
Incorporated in 2018, Zetwerk is one of the growing Indian B2B (business-to-business) manufacturing companies that uses technology to supply various types of industrial products to various industries such as electronics, renewable energy, aerospace and defence, capital goods, and precision manufacturing.
It is a Bengaluru-based firm that follows an asset-light model and offers end-to-end solutions, such as design, supplier matching, quality control, and logistics. The firm basically helps businesses get their electronics industrial products manufactured, filling the gap between businesses and manufacturers. The firm has a presence in over 25 countries and a network of 10,000+ suppliers and 1,100+ customers. Moreover, Zetwerk operates 20+ manufacturing facilities across India, the United States, and Mexico.
Objects of the issue
- Repayment/prepayment, in part or full, of certain of or all of borrowings availed by the company
- Repayment/prepayment, in part or full, of certain of or all of borrowings availed by certain of the Subsidiaries, namely, (i) Sharp Tanks and Structurals Private Limited; (ii) Terra91
- International Private Limited; (iii) Smile Electronics Limited; (iv) Kryfs Power Components
- Limited; (v) Kryfs Transformers Private Limited; (vi) Unimacts Global LLC; (vii) Zetwerk
- Manufacturing SG Pte. Ltd.; (viii) Zap91 Solar India Private Limited; and (ix) Zet Town India
- Private Limited through investments in such Subsidiaries; and
- Funding inorganic growth through unidentified acquisitions and other strategic acquisitions, and general corporate purposes
Allotment status and registrar
Kfin Technologies Ltd. is the registrar. After 21 Oct 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: +91 40 6716 2222/ 1800 309 4001 · zetwerk.ipo@kfintech.com
Lead managers and offer documents
- 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
- Pantomath Capital Advisors Private Limited
Zetwerk Manufacturing IPO: FAQs
When does the Zetwerk Manufacturing IPO open and close?
The Zetwerk Manufacturing IPO opens on 15 Oct 2026 and closes on 19 Oct 2026.
What is the Zetwerk Manufacturing IPO price band?
The price band is ₹143 – ₹151 per share (face value ₹1).
What is the Zetwerk Manufacturing IPO lot size?
One lot is 99 shares, so the minimum investment is ₹14,949 at the upper price band.
When is the Zetwerk Manufacturing IPO allotment date?
Allotment is expected on 21 Oct 2026. Check the status on the registrar's site (Kfin Technologies Ltd.) or the BSE/NSE allotment pages using your PAN.
When will Zetwerk Manufacturing shares list?
Listing is expected on 23 Oct 2026 on BSE, NSE.
What is the Zetwerk Manufacturing IPO GMP today?
No meaningful grey market premium was reported when this page was last updated. GMP is unofficial and unregulated, so it should not drive your decision.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.