Zetwerk Opens Rs 5,012 Crore IPO, Sets Price Band at Rs 143–151
The manufacturing company’s share sale runs through October 19, while a reported grey-market premium points to an estimated Rs 173 listing price.
Key takeaways
- Zetwerk’s Rs 5,012.33 crore IPO opened on October 15 and closes on October 19.
- The Economic Times reported a Rs 22 grey-market premium, implying an estimated listing price of Rs 173 per share.
Zetwerk Manufacturing Business opened its Rs 5,012.33 crore IPO on October 15, with the share sale set to close on October 19. The price band is Rs 143 to Rs 151 per share.
The Economic Times reported a grey-market premium of Rs 22 over the top of the band, implying an estimated listing price of Rs 173. The IPO includes a fresh issue worth Rs 2,830 crore and an offer for sale valued at about Rs 2,182 crore.
Zetwerk said it plans to use IPO proceeds mainly to repay or prepay some outstanding borrowings. The company reported a loss in FY2026, according to its restated consolidated financial information.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
