Zetwerk IPO fully subscribed on final day
By Abha Lohia ·
Zetwerk: revenue, valuation and funding and every story →
- Zetwerk runs a network that connects buyers of industrial and consumer goods with factories that make them to order
- Bids on the last day covered the shares on offer, with big institutions asking for about 1.6 times their quota
- Pricing sits at 143-151 rupees a share, valuing the firm near $2.7 billion, and trading is expected to start on 23 October
What happened
- Zetwerk's IPO closed with bids above the shares on offer.
- Institutional buyers bid about 1.63 times their portion.
- Retail and non-institutional portions were still under their quotas at 2 pm.
- The issue mixes fresh shares and an offer for sale by existing holders.
- Listing is expected on 23 October.
Why it matters
- Shows public-market appetite for a venture-backed manufacturing platform.
- Early backers get a partial exit through the sale portion.
- Proceeds will cut debt and fund acquisitions.
The business
- Zetwerk builds a manufacturing network serving industrial and consumer goods buyers.
- Clients include wind turbine, electronics and renewable energy companies and the Indian Air Force.
The founders
Who put in money
- Peak XV Partners selling investor
- Accel India selling investor
- Lightspeed selling investor
In numbers
₹25,583 CrUpper-band valuation · 2026
What happens next
- Share allotment and listing on 23 October.
Words to know
- Anchor investors
- Large institutions that buy shares a day before the public issue opens.
Other articles talking about it
Terms in this story
- IPO: An IPO, or initial public offering, is the first time a company sells its shares to the general public and gets listed on a stock exchange. In India the process is supervised by SEBI and ends with the shares trading on the NSE and BSE.
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