Zetwerk IPO: Zetwerk Files Updated IPO Draft Papers to Raise Rs 2,600 Crore
The Bengaluru-based contract manufacturer plans to use most of the proceeds to repay debt and fund acquisitions, with 96.8 million shares in the offer for sale.
- On Thursday, Zetwerk Manufacturing Businesses filed an updated DRHP with Sebi for its initial public offering, targeting up to ₹2,600 crore in fresh capital through a new share issue.
- Of the fresh proceeds, Zetwerk plans to use ₹1,250 crore for company-level debt repayment and ₹550 crore to address subsidiary borrowings, with the IPO also comprising an offer for sale of 96.8 million shares by existing investors.
- Zetwerk's revenue from operations jumped 40.4 per cent to ₹15,913 crore in FY26, while adjusted EBITDA quadrupled to ₹421 crore from ₹97 crore in FY24, and the manufacturing order book doubled to ₹12,370 crore.
- The filing comes as India's primary market revives, with 22 companies launching or announcing IPOs since July; Zetwerk is backed by investors including Accel, Peak XV, and Lightspeed.
- Serving 1,100 customers across 26 owned facilities, Zetwerk positions itself for growth as international markets contributed nearly 30 per cent of manufacturing revenue in FY26.
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Zetwerk IPO: Zetwerk files updated IPO draft papers to raise Rs 2,600 crore
The Bengaluru-based company had received Sebi approval on July 10 for its IPO, clearing the way for one of the largest listings by a new-age manufacturing company. It had submitted its pre-filed DRHP through Sebi’s confidential filing route in late March.
Zetwerk files updated DRHP for IPO to raise Rs 2,600 crore via fresh issue; OFS of 9.68 crore shares
Zetwerk has filed its updated draft red herring prospectus with SEBI to raise Rs 2,600 crore through its IPO, aiming for debt repayment, acquisitions, and growth in manufacturing and industrial sectors.
Zetwerk files updated IPO papers with Sebi; plans to raise Rs 2,600-cr via fresh issue
New Delhi, Aug 14 (PTI) Tech-led manufacturing platform Zetwerk Manufacturing Business Ltd has filed updated papers with market regulator Sebi for an initial public offering (IPO), comprising Rs 2,600 crore through a fresh issue of shares. Along with this, the IPO will comprise an offer for sale of up to 9.68 crore shares by promoters […]
Zetwerk files updated IPO draft papers to raise Rs 2,600 crore
The Bengaluru-based company had received Sebi approval on July 10 for its IPO, clearing the way for one of the largest listings by a new-age manufacturing company. It had submitted its pre-filed DRHP through Sebi’s confidential filing route in late March.
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