Zetwerk Fixes IPO Price Band at Rs 143-151, Targets Rs 5,012 Crore
-
Khushi Jain
- October 12, 2026
Manufacturing platform Zetwerk has fixed the price band for its initial public offering (IPO) at Rs 143-151 per share. The Bengaluru-based company aims to raise around Rs 5,012 crore through the public issue, valuing it at around Rs 25,583 crore at the upper end of the price band.
The IPO will open for subscription on October 15 and close on October 19. Zetwerk will open its anchor investor book on October 14, while its shares are expected to list on the stock exchanges on October 23.
According to its red herring prospectus (RHP), the IPO comprises a fresh issue of shares worth Rs 2,830 crore and an offer for sale (OFS) of 14.45 crore shares by promoters and existing investors.
Zetwerk has increased the fresh issue size from Rs 2,600 crore proposed in its updated draft red herring prospectus (UDRHP) filed in August. The OFS component has also increased by 49% from the earlier proposed 9.68 crore shares.
Promoters and Investors to Sell Shares
Promoters Amrit Pratik Acharya and Srinath Ramakkrushnan will each sell 1.42 crore shares through the OFS.
Promoter group entity Creovate Innovation will offload up to 2.30 crore shares.
Among existing investors, Lightspeed Venture Partners will sell 2.51 crore shares, followed by Peak XV Partners with 2.34 crore shares. Accel India V will also sell up to 1.2 crore shares.
Zetwerk to Use IPO Proceeds for Debt Repayment
Zetwerk plans to use Rs 1,300 crore from the fresh issue to repay or prepay borrowings at the company level.
Another Rs 860 crore will be used for debt repayment at nine subsidiaries. The remaining proceeds will be used for acquisitions, strategic investments and general corporate purposes.
Zetwerk Business and Financial Performance
Founded in 2017, Zetwerk operates a technology-led manufacturing platform that connects businesses with manufacturers and suppliers across sectors such as electronics, energy, aerospace, defence and industrial automation.
Zetwerk’s revenue from continuing operations rose to Rs 15,913 crore in FY26 from Rs 11,332 crore in FY25.
In Q1 FY27, revenue from operations grew 55% year-on-year to Rs 4,118 crore. Losses from continuing operations narrowed to Rs 64 crore from Rs 881 crore in the year-ago quarter.
FAQs
1. What is Zetwerk’s IPO price band?
Zetwerk has fixed its IPO price band at Rs 143-151 per share.
2. How much does Zetwerk aim to raise through its IPO?
Zetwerk aims to raise around Rs 5,012 crore through the public issue.
3. When will Zetwerk’s IPO open for subscription?
The IPO will open for subscription on October 15 and close on October 19.
4. How will Zetwerk use the fresh IPO proceeds?
Zetwerk plans to use Rs 1,300 crore to repay or prepay borrowings at the company level and Rs 860 crore for debt repayment at nine subsidiaries. The remaining proceeds will be used for acquisitions, strategic investments and general corporate purposes.
5. What was Zetwerk’s revenue in FY26?
Zetwerk’s revenue from continuing operations rose to Rs 15,913 crore in FY26 from Rs 11,332 crore in FY25.
![Indian Startups Raise $113.35 Million Across 28 Deals [05 Oct - 10 Oct 2026]](https://startupspotlightindia.com/wp-content/uploads/2026/10/Weekly-Funding-Report-2026-660x353.png)
