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Zetwerk Manufacturing Business IPOUPCOMING
Zetwerk Manufacturing Businesses Limited is a technology-enabled global manufacturing company providing customised engineering, manufacturing and supply chain solutions across multiple industries.
Opens
15 Oct 26Closes
19 Oct 26Allotment
21 Oct 26Refund
22 Oct 26Demat
22 Oct 26Listing
23 Oct 26Bidding opens
in 3 days
15 – 19 Oct
Retail bids until 5:00 PM, other categories until 4:00 PM on the closing day.
Overview
Price band
₹143-151
Lot size
99 shares
Min. investment
₹14,949
Issue size
₹5012.33 Cr
33.20 Cr shares
Fresh issue
₹2,830 Cr
18.75 Cr shares
Offer for sale
₹2,182.33 Cr
14.45 Cr shares
Face value
₹1 / share
Issue type
Book Built Issue
Listing at
NSE, BSE
Employee discount
₹14
Reservation
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 99 | ₹14,949 |
| Retail (Max) | 13 | 1,287 | ₹1,94,337 |
| S-HNI (Min) | 14 | 1,386 | ₹2,09,286 |
| S-HNI (Max) | 66 | 6,534 | ₹9,86,634 |
| B-HNI (Min) | 67 | 6,633 | ₹10,01,583 |
Zetwerk Manufacturing Business Live GMP
Latest GMP
₹16
All-time high
₹20
All-time low
₹16
Subscription
Live category-wise bids appear here once bidding opens on 15 Oct 26. Reserved share of the issue:
Financials
(₹ in crores)
Key performance indicators
As of 30 Jun 2026RoNW
-1.74%
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
+28.6%
Strengths & risks
- Asset-Light Model with scalable global manufacturing capabilities.
- Diversified Presence across multiple industries and geographies.
- Technology Advantage through proprietary Zetwerk OS.
- Strong Supplier Network spanning 26 countries.
- Manufacturing Growth with 50.02% revenue growth in FY2026.
Buzz score · Watch
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Repayment/prepayment, in part or full, of certain of or all of borrowings availed by the company. | 1300 |
| Repayment/prepayment, in part or in full, of certain or all borrowings availed by Certain Subsidiaries, namely, (i) Sharp Tanks and Structurals Private Limited; (ii) Terra91 International Private Limited; (iii) Smile Electronics Limited; (iv) Kryfs Power Components Limited; (v) Kryfs Transformers Private Limited; (vi) Unimacts Global LLC; (vii) Zetwerk Manufacturing SG Pte. Ltd.; (viii) Zap91 Solar India Private Limited; and (ix) Zet Town India Private Limited, through investments in such subsidiaries. | 860 |
| Funding inorganic growth through unidentified acquisitions and other strategic acquisitions, and general corporate purposes. | - |
Company & documents
Zetwerk Manufacturing Businesses Limited is a Bengaluru-based technology-enabled global manufacturing company providing customised manufacturing solutions for industrial and consumer businesses. Incorporated in December 2017, the company operates a hybrid manufacturing model combining its own production facilities with a global network of third-party suppliers. Its services include product design, engineering, supplier selection, manufacturing, quality control, procurement and logistics.
The company serves industries including renewable energy, power and utilities, consumer electronics, AI infrastructure, aerospace and defence, oil and gas, and industrial automation.
Its operations are divided into two business segments:
- Manufacturing Business: Covers Energy Products, Precision Products and Capital Goods, including transformers, solar and wind components, electronics, industrial machinery and steel structures.
- Ecosystem Business (Terra91): Focuses on procuring and supplying industrial raw materials, including steel, aluminium, copper, zinc, lead and petrochemicals, through an integrated sourcing platform.
The company's proprietary Zetwerk OS platform manages supplier matching, production planning, quality inspections, order tracking and logistics across its manufacturing network.
As of June 30, 2026, Zetwerk operated 26 manufacturing facilities across India, the United States, Spain and Germany, supported by suppliers across 26 countries. During FY2026, it served 1,802 customers, including 1,613 domestic and 189 international customers. Its major customers include Siemens Gamesa, Acer India, boAt, NTPC Renewable Energy, CG Power, Indian Oil Corporation and DRDO.
As of June 30, 2026, the company's Manufacturing Business order book stood at ₹13,062.40 crore. It employed 3,754 employees and 7,482 contract labourers across its operations.
Registrar
Company contact
Zetwerk Manufacturing Business Ltd.
84/1, Vaishnavi Sovereign, Ground & 1st Floor, Green Glen Layout, Bellandur, Bangalore Urban, Karnataka, 560103
Phone: +91 7624 9748 90
Email: cs@zetwerk.com
Book running lead managers
- JM Financial Limited
- Avendus Capital Private Limited
- Kotak Mahindra Capital Company Limited
- Pantomath Capital Advisors Private Limited
- Morgan Stanley India Company Private Limited
- Goldman Sachs (India) Securities Private Limited
- HSBC Securities and Capital Markets (India) Private Limited
Promoters
- Amrit Pratik Acharya
- Srinath Ramakkrushnan
