Zetwerk IPO
Closed TodayIPOListing at: BSE, NSE • 84/1, Vaishnavi SovereignGround & 1st Floor, Green Glen Layout,Bellandur,Bangalore Urban, Karnataka, 560103
Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.
Zetwerk IPO GMP History
Genuine daily snapshots retained by the WeeStox backendDisclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.
| GMP date | IPO price | GMP | Premium | Est. profit / lot | Subscription | Movement |
|---|---|---|---|---|---|---|
| 19 Oct 2026 | ₹151 | +₹5 | 3.31% | +₹495 | 0.31x | ↓ Down |
| 18 Oct 2026 | ₹151 | +₹5.5 | 3.64% | +₹544.5 | 0.31x | ↓ Down |
| 17 Oct 2026 | ₹151 | +₹7.2 | 4.77% | +₹712.8 | 0.31x | ↓ Down |
| 16 Oct 2026 | ₹151 | +₹7.5 | 4.97% | +₹742.5 | 0.31x | ↓ Down |
| 15 Oct 2026 | ₹151 | +₹14 | 9.27% | +₹1,386 | 0.23x | ↓ Down |
| 14 Oct 2026 | ₹151 | +₹22 | 14.57% | +₹2,178 | - | ↓ Down |
| 13 Oct 2026 | ₹151 | +₹23 | 15.23% | +₹2,277 | - | Flat |
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Zetwerk IPO Details
| IPO Date | 15 Oct 2026 to 19 Oct 2026 |
| Listing At | BSE, NSE |
| Face Value | ₹1 per share |
| Price Band | ₹151 |
| Lot Size | 99 Shares |
| Total Issue Size | ₹5012.33 Cr(₹1,255.57 Cr) |
| Fresh Issue | 1875.00L shares (₹2830 Cr) |
| Offer for Sale (OFS) | ₹2182.33 Cr (approx 2.74 Cr shares) |
| Issue Type | Book Built Issue IPO |
Zetwerk IPO Timetable
| IPO Open Date | 15 Oct 2026 |
| IPO Close Date | 19 Oct 2026 |
| Basis of Allotment | 21 Oct 2026 |
| Initiation of Refunds | 22 Oct 2026 |
| Credit of Shares to Demat | 22 Oct 2026 |
| Listing Date | 23 Oct 2026 |
| Cut-off time for UPI Mandate | 5 PM on 19 Oct 2026 |
| Employee Discount | ₹20.00/share (Up to 52,083 shares) |
Zetwerk IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| Anchor Shares Offered | 44.91% | 14,90,88,220 |
| QIB Shares Offered | 29.94% | 9,93,92,146 |
| HNI Shares Offered | 14.97% | 4,96,96,073 |
| Retail Shares Offered | 9.98% | 3,31,30,716 |
| Employee Shares Offered | 0.21% | 7,00,000 |
| Total Shares Offered | 100.00% | 33,20,07,155 |
Zetwerk Anchor Details
| Anchor Bid Date | 14 Oct 2026 |
| Anchor Shares Offered | 14,90,88,220 Shares |
| Total Anchor Portion | ₹2251.23 Cr |
| Lock-in 50% End Date | 20 Nov 2026 (30 Days) |
| Lock-in Rem. 50% Date | 19 Jan 2027 (90 Days) |
Zetwerk IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) | Reserved Applications |
|---|---|---|---|---|
| Retail (Min) | 1 Lot | Shares | ₹14,949 | – |
| Retail (Max) | 13 Lots | Shares | ₹1,94,337 | – |
| S-HNI (Min) | 14 Lots | Shares | ₹2,09,286 | – |
| S-HNI (Max) | 66 Lots | Shares | ₹9,86,634 | – |
| B-HNI (Min) | 67 Lots | Shares | ₹10,01,583 | – |
Zetwerk Promoter Holding
| Pre-Issue Holding | Disclosed in RHP |
| Post-Issue Holding | To be calculated |
Zetwerk IPO Broker Consensus & Reviews
Institutional and brokerage house recommendations with verified review reports| Broker / Research Firm | Recommendation | Research Report |
|---|---|---|
| Ashika Research | Neutral | View Review |
| Capital Market | Neutral | View Review |
| SMC Global | Neutral | View Review |
| Swastika Investmart Ltd | Neutral | View Review |
| Choice Equity Broking Pvt Ltd | Apply | View Review |
| ICICI Direct | Apply | View Review |
| SBICAP Securities Limited | Apply | View Review |
| Ventura Securities Limited | Apply | View Review |
| GEPL Capital Ltd | Avoid | View Review |
| BP Equities (BP Wealth) | Avoid | View Review |
| Mangal Keshav Financial Services LLP | Avoid | View Review |
Zetwerk IPO Live Subscription Status
Bidding demand breakdown by shares, institutional demand in ₹ Cr, applications & HNI funding cost| Investor Category | Shares Offered | Shares Bidded | Subscription Times |
|---|---|---|---|
| QIBs | 9,93,92,146 | 3,66,64,155 | 0.37x |
| HNIs | 4,96,96,073 | 84,17,376 | 0.17x |
| ↳ HNIs 10+ | 3,31,30,716 | 58,23,279 | 0.18x |
| ↳ HNIs 2+ | 1,65,65,358 | 25,94,097 | 0.16x |
| Retail | 3,31,30,716 | 1,24,17,273 | 0.37x |
| Employees | 7,00,000 | 3,50,955 | 0.50x |
| Total | 18,29,18,935 | 5,78,49,759 | 0.32x |
| QIBs | 1,501 | 554 | 0.37x |
| FIIs | – | 364 | 0.00x |
| DIIs | – | 50 | 0.00x |
| Mutual funds | – | 109 | 0.00x |
| Others | – | 31 | 0.00x |
| HNIs | 750 | 127 | 0.17x |
| ↳ HNIs 10+ | 500 | 88 | 0.18x |
| ↳ HNIs 2+ | 250 | 39 | 0.16x |
| Retail | 500 | 188 | 0.37x |
| Employees | 11 | 5 | 0.50x |
| Total | 2,762 | 874 | 0.32x |
Zetwerk Limited Financial Information (Restated Consolidated in ₹ Crores)
| Period Ended | Assets | Total Income | Profit After Tax | EBITDA | Net Worth | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Jun 2026 | ₹12016.09 Cr | ₹4195.70 Cr | ₹-732.98 Cr | ₹103.16 Cr | ₹4094.13 Cr | ₹1942.19 Cr |
| 31 Mar 2026 | ₹13384.63 Cr | ₹16100.63 Cr | ₹-1606.17 Cr | ₹421.34 Cr | ₹4813.72 Cr | ₹1936.16 Cr |
| 30 Jun 2025 | ₹9083.09 Cr | ₹2702.10 Cr | ₹-1368.47 Cr | ₹31.11 Cr | ₹3905.13 Cr | ₹1707.21 Cr |
| 31 Mar 2025 | ₹10355.43 Cr | ₹11492.23 Cr | ₹-370.71 Cr | ₹322.59 Cr | ₹4453.76 Cr | ₹1746.55 Cr |
| 31 Mar 2024 | ₹10330.85 Cr | ₹12523.46 Cr | ₹-917.95 Cr | ₹97.03 Cr | ₹4062.46 Cr | ₹1232.10 Cr |
Zetwerk Key Valuation & Financial KPIs
Zetwerk IPO Analysis
Review the company's key advantages and material business risks.
Strengths & Positives
Competitive advantages and operational merits
Zetwerk Manufacturing Businesses Limited, incorporated in December 2017, is a technology-led, asset-light manufacturing platform for industrial and consumer goods operating in India and globally. The company aggregates manufacturing capacity across third-party suppliers and its own facilities into a unified network powered by its proprietary Zetwerk OS.
The company serves customers ranging from startups to large enterprises across industries such as utilities, renewables, consumer electronics, artificial intelligence infrastructure, aerospace, defence, oil & gas and industrial automation. It operates through two reportable segments: Manufacturing Business, covering Energy Products, Precision Products and Capital Goods, and Ecosystem Business under the Terra91 brand for sourcing industrial raw materials.
Unique Resilient Business Model: The platform transforms fragmented capacity across thousands of third-party suppliers and own facilities into a unified network, allowing the company to serve multiple industries and geographies reliably, making it resilient across economic cycles.
Capital-Efficient Scalability: The hybrid, technology-driven manufacturing platform combines scalability of a distributed supplier network with selective own capacity for complex manufacturing, enabling growth without a corresponding rise in invested capital while capturing higher margins.
Proprietary Zetwerk OS Technology: The company's proprietary Zetwerk OS standardises the manufacturing lifecycle, managing thousands of concurrent projects across suppliers, geographies and categories, enabling network effects and operational control at scale.
History of Losses: The company incurred restated losses for the period/year from continuing operations ranging from ₹641.29 million to ₹9,643.93 million across recent periods, and certain subsidiaries have also incurred losses, which if repeated could adversely affect financial condition and cash flows.
Dependence on Third-Party Suppliers: The company relies heavily on third-party suppliers for manufacturing and raw materials, exposing it to price volatility, capacity and quality issues, supply disruptions, and trade and foreign exchange risks that could adversely affect business and results of operations.
Customer Industry Concentration: The company's Manufacturing Business depends on the performance of industries including renewables, AI infrastructure, oil & gas, consumer electronics, and defence & aerospace, and a downturn in any of these industries could adversely affect the business.
About Zetwerk Limited
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 bidding opened for subscription on Oct 15, 2026 and will close 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).The issue includes a reservation of up to 7,00,000 shares for employees offered at a discount of ₹14.00 to the issue 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.
Shariah Compliance Screening (AAOIFI Standard 21)
Zetwerk IPO Documents & Reports
Official prospectus, reports and regulatory filings| Document Title | Authority / Host | Status | Action |
|---|---|---|---|
Red Herring Prospectus (RHP) Complete offer document filed with ROC & SEBI | SEBI / ROC | Available | View RHP |
Draft Red Herring Prospectus (DRHP) Initial regulatory draft submitted for public comments | SEBI Filings | Filed | View DRHP |
Anchor Investor Allocation Report Allotment list to institutional bidders | BSE / NSE Circular | Disclosed | Anchor PDF |
IPO Allotment Status & Basis of Allotment Registrar query portal via PAN / Application No. | Kfin Technologies | Live Portal | Check Allotment |
Corporate Website & Investor Relations Official portal and financial reports | Issuer Portal | Active | Visit Portal |
Zetwerk IPO Registrar & Lead Managers
- 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.
84/1, Vaishnavi SovereignGround & 1st Floor, Green Glen Layout,Bellandur,Bangalore Urban, Karnataka, 560103
Zetwerk IPO FAQs
What is IPO GMP, and does it guarantee a listing gain?
Grey market premium is an unofficial price indication outside the exchange. It can change quickly and does not guarantee the exchange listing price, liquidity or a profit. Read it alongside the prospectus, valuation, financials and risks.
How do I check Zetwerk IPO allotment status?
Open the individual IPO report and check its allotment update and registrar details. Confirm your application outcome through the official registrar or exchange service. A scheduled allotment date is not confirmation that allotment has been declared.
What does IPO subscription mean?
Subscription compares shares bid for with shares offered in a category. For example, 2 times subscription means bids for twice the available shares in that category. Retail, institutional and other categories can have different demand; subscription alone does not establish investment quality.
How is an indicative IPO listing price calculated from GMP?
A commonly used illustration adds reported GMP to the issue price, or upper price band before the final price is known. It is a sentiment illustration, not an exchange quote or reliable forecast. Missing GMP should not be interpreted as zero.
Where can I find IPO dates, price bands and lot sizes?
The individual IPO report brings together available issue dates, price bands, lot sizes, subscription and company details. Check the final prospectus and exchange announcements before applying because issue terms can change.