Zetwerk Shares List at 5.5% Premium Over IPO Price
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Khushi Jain
- October 23, 2026
Bengaluru-based Zetwerk Manufacturing Businesses made a positive debut on the stock exchanges on Friday, with its shares listing at a 5.5% premium over the IPO price.
According to exchange data, the company’s shares opened at Rs 159.25 on the National Stock Exchange (NSE), compared with the issue price of Rs 151 per share.
Zetwerk IPO Subscription Details
On the final day of bidding, qualified institutional buyers (QIBs) showed the highest demand, with their portion subscribed 4.73 times. The non-institutional investors (NIIs) category was subscribed 1.4 times, while the employee quota received 1.58 times subscription.
The retail portion saw comparatively lower demand, with a subscription of 0.72 times.
Ahead of the public offering, Zetwerk raised Rs 2,251 crore from anchor investors. The investors included global names such as Capital Group, BlackRock, Goldman Sachs and Nomura, alongside domestic investors such as SBI Mutual Fund, ICICI Prudential Mutual Fund and HDFC Mutual Fund.
IPO Structure and Use of Proceeds
According to the company’s Red Herring Prospectus (RHP), the IPO comprises a fresh issue of shares worth Rs 2,830 crore and an offer for sale (OFS) of up to 14.45 crore shares worth Rs 2,182 crore by existing shareholders.
The company plans to use a portion of the fresh issue proceeds to repay debt. The remaining funds are earmarked for acquisitions, strategic investments and general corporate purposes.
Zetwerk Financial Performance
Zetwerk reported growth in revenue from continuing operations during FY26. Revenue increased 40.4% to Rs 15,913 crore in FY26 from Rs 11,332 crore in FY25.
In the first quarter of FY27, revenue from operations rose 55% year-on-year to Rs 4,118 crore.
The company also reported a significant reduction in losses from continuing operations. Losses narrowed 93% to Rs 64 crore in Q1 FY27 from Rs 881 crore in the year-ago period.
FAQs
1. At what price did Zetwerk shares list on the NSE?
Zetwerk shares opened at Rs 159.25 on the NSE, against the IPO issue price of Rs 151 per share.
2. What was the listing premium for Zetwerk shares?
The shares listed at a 5.5% premium over the IPO price.
3. How much did Zetwerk raise from anchor investors?
Zetwerk raised Rs 2,251 crore from anchor investors ahead of its IPO.
4. What was the size of Zetwerk’s IPO?
The IPO comprised a fresh issue worth Rs 2,830 crore and an offer for sale of up to 14.45 crore shares worth Rs 2,182 crore.
5. How did Zetwerk perform financially in Q1 FY27?
Revenue from operations rose 55% year-on-year to Rs 4,118 crore, while losses from continuing operations narrowed 93% to Rs 64 crore.
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