Stories
Zetwerk IPO Subscribed 31 Percent On Day Two Check Latest GMP
- •The initial public offering of Zetwerk Manufacturing Business saw a 31 percent subscription by the end of the second day of bidding on October 16 according to NSE data.
- •The Rs 5,012.33 crore IPO received bids for 5,74,99,200 shares against 18,50,66,845 shares on offer with retail investors leading the demand.
- •The grey market premium for the IPO was commanding nearly 7 percent on the morning of October 16 though GMP is unofficial and fluctuates.
- •The price band has been fixed at Rs 143 to Rs 151 per equity share with the subscription window closing on October 19, 2026.
- •The proceeds from the fresh issue will be utilized primarily for debt repayment, inorganic growth opportunities, and general corporate purposes.
Key Questions Answered
The initial public offering of Zetwerk Manufacturing Business achieved a 31 percent subscription by 5:00 pm on October 16, 2026. Retail investors led the demand with a 35 percent subscription, whereas the non-institutional portion was booked at 16 percent.
The price band for the Zetwerk IPO is fixed at Rs 143 to Rs 151 per equity share with a face value of Rs 1. Investors can apply for a minimum of 99 shares, bringing the minimum investment to Rs 14,949 at the upper end of the price band.
Zetwerk will allocate Rs 2,160 crore of the net fresh issue proceeds to repay debt owed by the company and certain subsidiaries. The remaining funds will support inorganic growth opportunities, including unidentified acquisitions and general corporate purposes.
