ZETWERK IPO
ZETWERK is a MAINBOARD IPO with a current status of UPCOMING. The price band is 143 - 151. The issue opens on 15 OCT and closes on 19 OCT. The listing date is 23 OCT.
Price Band
143 - 151
Unofficial GMP
₹19
Lot Size
99 shares
Minimum Investment
₹14,949
ZETWERK IPO GMP
The latest available GMP is ₹19. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹170.00
Estimated Gain
+12.6%
ZETWERK IPO GMP History
16
12 OCT
23
13 OCT
19
14 OCT
ZETWERK IPO Details
- IPO Type
- MAINBOARD
- Status
- UPCOMING
- Price Band
- 143 - 151
- Issue Size
- ₹5012.33 Cr
- Issue Type
- Book Build Issue
- Fresh Issue
- ₹2830.00 Cr
- Offer for Sale
- ₹2182.33 Cr
- Face Value
- 1
- Lot Size
- 99
- Minimum Investment
- 14,949
- Exchange
- BSE , NSE
- Registrar
- Kfin Technologies Ltd.
- Lead Managers
- Kotak Mahindra Capital Co.Ltd.
ZETWERK IPO Dates
- Open Date
- 15 OCT
- Close Date
- 19 OCT
- Allotment Date
- 21 OCT
- Refund Date
- 22 OCT
- Demat Credit Date
- 22 OCT
- Listing Date
- 23 OCT
ZETWERK IPO Subscription
- QIB
- --
- NII / HNI
- --
- Retail
- --
- Employee
- --
- Total Subscription
- --
ZETWERK IPO Financials
Revenue
FY2026
₹16,101.00 Cr
+40.11% vs FY2025
PAT
FY2026
₹-1,606.00 Cr
-406.62% vs FY2025
Total Assets
FY2026
₹13,385.00 Cr
+29.26% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 12,523 | 11,492 | 16,101 |
| Net Profit | -918 | -317 | -1,606 |
| Total Assets | 10,331 | 10,355 | 13,385 |
ZETWERK IPO Valuation
- Market Cap (Post IPO)
- ₹25583.25 Cr.
- EPS
- -10.66
- P/E Ratio
- -14.17
- RONW
- -1.74%
ZETWERK IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 1 | 99 | ₹14,949 |
| Retail Maximum | 13 | 1,287 | ₹1,94,337 |
| Small HNI | 14 | 1,386 | ₹2,09,286 |
| Big HNI | 67 | 6,633 | ₹2,09,286 |
ZETWERK IPO Reservation
- QIB
- 75%
- NII / HNI
- 15%
- Retail
- 10%
ZETWERK Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 15.86%
- Post-IPO Promoter Holding
- 11.36%
ZETWERK Company Overview
1. **Company Background:** Zetwerk Manufacturing Businesses Limited is an Indian technology-enabled manufacturing company that connects customers with manufacturing capabilities across a network of suppliers and owned facilities. 2. **Incorporation:** Zetwerk was established in 2017 and developed its business around simplifying industrial procurement and manufacturing execution. 3. **Business Model:** The company combines a technology platform, third-party supplier network and owned manufacturing facilities to manage the production of industrial and consumer products. 4. **Core Services:** Its services include product design support, supplier sourcing, manufacturing, quality assurance, production planning, logistics coordination and supply-chain management. 5. **Energy Business:** Zetwerk supplies components and fabricated systems for renewable energy and power infrastructure, including wind and solar-related applications. 6. **Electronics Business:** The company provides electronics manufacturing and assembly services for consumer electronics and related products. 7. **Aerospace and Defence:** Zetwerk manufactures precision components and systems for aerospace and defence applications. 8. **Capital Goods:** The company supplies heavy fabrication, structural assemblies and engineered products used in industrial applications. 9. **Precision Manufacturing:** It manufactures high-tolerance components and assemblies for industries requiring accuracy, consistency and quality control. 10. **Commodities:** Zetwerk also supplies industrial raw materials and commodities used in manufacturing operations. 11. **Manufacturing Network:** According to its official website, as of 31 March 2026, Zetwerk served 1,802 customers, worked with 6,979 third-party suppliers across 26 countries and operated 26 owned manufacturing facilities across four countries. 12. **Customer Base:** Its customer network includes startups, large industrial businesses and major Indian companies. The company states that it serves 98 of India's Fortune 500 companies. 13. **Technology Platform:** Its proprietary Zetwerk OS supports supplier matching, pricing, production planning, quality assurance, logistics tracking and operational visibility. 14. **IPO Status:** As reported on 12 October 2026, Zetwerk's IPO is scheduled to open for subscription on 15 October and close on 19 October 2026, subject to the final offer documents. 15. **IPO Structure:** The announced issue comprises a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders.
ZETWERK Business Model
1. **Energy and Renewable Components:** Manufactures components and fabricated systems for renewable energy projects, wind power and electricity infrastructure. 2. **Power Infrastructure:** Supplies engineered products and components used in power-generation and electrical infrastructure projects. 3. **Electronics Manufacturing:** Provides electronics assembly and manufacturing services for consumer electronics brands and other customers. 4. **Aerospace Manufacturing:** Produces precision-engineered components and assemblies for aerospace applications, where strict specifications and quality standards are important. 5. **Defence Manufacturing:** Supports defence-related manufacturing requirements through precision parts and specialised components. 6. **Capital Goods:** Manufactures heavy fabricated structures, industrial assemblies and engineered products for capital-equipment applications. 7. **Precision Engineering:** Produces components requiring tight dimensional tolerances and consistent manufacturing quality. 8. **Industrial Commodities:** Sources and supplies raw materials and other commodities needed by manufacturing customers. 9. **Third-Party Manufacturing Network:** Coordinates production through external suppliers, allowing customers to access manufacturing capacity without independently managing numerous vendors. 10. **Owned Manufacturing Facilities:** Uses its own factories for selected products and processes, providing greater direct control over production and quality. 11. **Technology and Supply-Chain Management:** Uses Zetwerk OS to coordinate supplier selection, costing, production schedules, quality checks and logistics. 12. **Global Manufacturing:** Serves customers across geographies and coordinates manufacturing through its international network, helping customers manage sourcing, cost and delivery requirements.
ZETWERK Objects of the Issue
1. **Type of Issue:** The IPO includes a fresh issue of equity shares along with an Offer for Sale (OFS) by existing shareholders. 2. **Fresh Issue Amount:** Approximately ₹2,830 crore, according to reported IPO terms. 3. **Offer for Sale:** Approximately 14.45 crore existing shares are proposed to be sold by founders and investors. 4. **Total Issue Size:** Approximately ₹5,012.33 crore at the reported price band. 5. **Repayment of Company Borrowings:** Approximately ₹1,300 crore is intended for repayment or prepayment of certain borrowings of the company. 6. **Repayment of Subsidiary Borrowings:** Approximately ₹860 crore is proposed for repayment or prepayment of borrowings of certain subsidiaries. 7. **Inorganic Growth:** A portion of the fresh issue proceeds is intended for potential acquisitions and other inorganic growth opportunities. 8. **General Corporate Purposes:** A portion of the proceeds is intended for general corporate purposes, within the limits stated in the final offer documents. 9. **OFS Proceeds:** Proceeds from the sale of existing shares will go to the selling shareholders, not to the company. 10. **Important Clarification:** The final allocation of proceeds, subsidiary names, borrowing amounts and permitted uses should be verified in the Red Herring Prospectus (RHP).
ZETWERK Strengths
1. **Diversified Business Verticals:** Zetwerk operates across energy, electronics, aerospace and defence, capital goods, precision manufacturing and commodities. 2. **Technology-Enabled Model:** Its proprietary platform helps coordinate sourcing, production, quality checks and logistics. 3. **Large Supplier Network:** The company reported 6,979 third-party suppliers across 26 countries as of March 2026. 4. **Owned Manufacturing Facilities:** Its 26 owned facilities across four countries provide direct manufacturing capabilities alongside the supplier network. 5. **Established Customer Relationships:** Zetwerk reported serving 1,802 customers, including 98 of India's Fortune 500 companies, as of March 2026. 6. **Global Market Access:** Its international manufacturing and supply-chain presence allows it to serve customers across multiple geographies. 7. **Flexible Production Capacity:** Combining owned facilities with external suppliers can help the company accommodate different product volumes and manufacturing requirements. 8. **Energy-Sector Exposure:** Its energy business provides exposure to power infrastructure and renewable energy supply chains. 9. **Precision Manufacturing Capabilities:** Aerospace, defence and electronics applications can require specialised processes, technical expertise and rigorous quality controls. 10. **Integrated Manufacturing Services:** Offering design support, production, quality assurance and logistics through one platform can simplify procurement for customers. 11. **Potential Operating Leverage:** Greater utilisation of manufacturing facilities and technology may improve efficiency as business volumes grow, although this depends on execution and costs. 12. **Debt-Reduction Potential:** The proposed use of fresh issue proceeds to repay borrowings could reduce financing costs and improve the balance sheet if implemented as disclosed. 13. **Inorganic Growth Opportunities:** The company may expand into additional manufacturing categories or capabilities through acquisitions. 14. **Manufacturing Ecosystem Opportunity:** Demand for domestic manufacturing, supply-chain diversification and industrial infrastructure may provide growth opportunities.
ZETWERK Risks
1. **History of Losses:** Recent reporting indicates that Zetwerk recorded a substantial net loss in FY2026. Investors should examine audited financial statements and understand whether losses are recurring or include exceptional and non-cash items. 2. **Low or Uncertain Profitability:** Manufacturing growth does not automatically translate into sustainable profits. Operating expenses, financing costs and competitive pricing may affect margins. 3. **Working-Capital Requirements:** Manufacturing operations can require substantial spending on inventory, raw materials and receivables before customer payments are collected. 4. **Customer Concentration:** Dependence on large customers or a small number of significant contracts could affect revenue if orders are reduced, delayed or cancelled. 5. **Supplier Dependence:** A large third-party manufacturing network creates risks relating to supplier quality, delivery schedules, pricing and production capacity. 6. **Execution Risk:** Delays, production defects, logistics disruptions or failure to meet customer specifications could lead to penalties, lost orders and reputational damage. 7. **Raw-Material Price Volatility:** Changes in the prices of metals, electronic components, energy and other inputs may pressure margins where higher costs cannot be passed on. 8. **International Business Risk:** Overseas operations expose the company to currency movements, trade restrictions, tariffs, local regulations and geopolitical developments. 9. **Competition:** Zetwerk competes with manufacturers, contract-manufacturing companies, sourcing platforms and specialised suppliers. 10. **Capital-Intensive Expansion:** Owned manufacturing facilities require investment in equipment, technology, maintenance and workforce capabilities. Poor utilisation could reduce returns. 11. **Technology and Cybersecurity:** Reliance on digital systems creates risks involving data security, cyberattacks, platform interruptions and protection of confidential customer information. 12. **Quality and Product Liability:** Defects in components supplied to electronics, energy, aerospace or defence customers could lead to claims, replacement costs or loss of customer confidence. 13. **Acquisition Risk:** Planned inorganic expansion may fail to deliver expected benefits or could create integration costs and additional financial obligations. 14. **Debt and Financing Risk:** Although the IPO proposes repayment of borrowings, the company's overall financial position will depend on the final debt reduction, cash generation and future funding requirements. 15. **OFS and Shareholder Selling:** Existing investors are selling shares as part of the IPO. Investors should review the selling shareholders, the number of shares offered and post-issue ownership. 16. **Valuation Risk:** A strong growth story does not guarantee attractive investment returns. The IPO valuation should be compared with revenue growth, margins, losses, cash flow and relevant listed peers. 17. **Demand Cyclicality:** Industrial manufacturing and capital-goods demand may weaken during economic slowdowns or reductions in customer capital expenditure. 18. **IPO Execution Risk:** Actual financial performance, use of proceeds and post-listing results may differ from expectations. Review the RHP and risk factors before drawing conclusions.
ZETWERK Frequently Asked Questions
What is the ZETWERK IPO price band?
The ZETWERK IPO price band is 143 - 151.
What is the latest ZETWERK IPO GMP?
The latest available ZETWERK IPO GMP in the IPOWEB database is ₹19. GMP is unofficial and does not guarantee a listing gain.
When does the ZETWERK IPO open and close?
The ZETWERK IPO opens on 15 OCT and closes on 19 OCT.
When is the ZETWERK IPO allotment date?
The ZETWERK IPO allotment date is 21 OCT.
When is the ZETWERK IPO listing date?
The ZETWERK IPO listing date is 23 OCT.