Stories
Zetwerk IPO Subscribed 3x on Final Day with GMP Dropping to 3 percent
- •The initial public offering of Zetwerk Manufacturing Business received 3.06 times subscription by the end of the final day of bidding on October 19.
- •The qualified institutional buyer category led the demand with 4.73 times subscription, while the grey market premium slipped to nearly 3 percent.
- •The Rs 5,012.33-crore issue consists of a fresh issue of Rs 2,830 crore and an offer for sale valued at approximately Rs 2,182 crore.
- •Share allotment is expected to be finalised on October 21, with tentative listing on BSE and NSE scheduled for October 23.
- •Zetwerk reported a revenue surge of 40.4 percent to Rs 15,913.3 crore for the fiscal year ended March 2026, alongside a widened net loss of Rs 1,606.1 crore.
Key Questions Answered
The Zetwerk IPO was subscribed 3.06 times overall by the close of bidding on October 19, 2026. The qualified institutional buyer category led the demand with a 4.73 times subscription, non-institutional investors achieved 1.40 times, and the retail portion was subscribed 73 times.
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, making the minimum investment for a retail investor Rs 14,949 at the upper end. Eligible employees participating in the reserved portion receive a discount of Rs 14 per share.
The initial public offering closed for bidding on October 19, 2026, after opening on October 15. The company is expected to finalise the share allotment on October 21, and the shares are tentatively scheduled to list on the BSE and NSE on October 23, 2026.
