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Zetwerk to launch Rs 2830 crore IPO on October 15
M
Moneycontrol•11-10-2026, 19:05
Zetwerk to launch Rs 2830 crore IPO on October 15
- •Zetwerk Manufacturing Business is set to launch its maiden IPO on October 15, featuring a fresh issue of shares worth Rs 2,830 crore.
- •Promoters and investors will offer up to 14.45 crore equity shares for sale through the offer-for-sale route.
- •The anchor book for institutional investors will open on October 14, with the public subscription closing on October 19 and listing on October 23.
- •The company intends to use Rs 2,160 crore of the net proceeds from the fresh issue to repay borrowings.
- •For the quarter ended June 2026, Zetwerk reported a narrowed net loss of Rs 732.9 crore with a 55.4 percent rise in revenue.
Key Questions Answered
Zetwerk's maiden initial public offering will open for public subscription on October 15 and close on October 19, featuring a fresh issue of shares pegged at Rs 2,830 crore.
The company intends to use Rs 2,160 crore of the net proceeds to repay borrowings taken by the company and certain subsidiaries, while the remainder will fund inorganic growth through acquisitions and general corporate purposes.
For the quarter ended June 2026, Zetwerk reported a narrowed net loss of Rs 732.9 crore alongside a 55.4 percent year-on-year increase in revenue to Rs 4,117.9 crore.
