Zetwerk Manufacturing Business IPO
Zetwerk Manufacturing Business IPO is a mainboard issue of ₹5,012.33 Cr (Fresh capital cum OFS). The price band is ₹143–151 per share with a lot of 99 shares (₹14,949 minimum). Bidding runs 15–19 Oct, allotment is on 21 Oct 2026 and listing on 23 Oct 2026 on BSE, NSE. The latest grey market premium is ₹17 (+11.26%), updated 14 Oct 2026, 03:00 PM IST.
IPO details
| Detail | Value |
|---|---|
| Price band | ₹143–151 |
| Lot size | 99 shares |
| Minimum investment | ₹14,949 |
| Issue size | ₹5,012.33 Cr |
| Issue type | Fresh capital cum OFS |
| Face value | ₹1 per share |
| Listing on | BSE, NSE |
| Issue price | ₹151 |
IPO dates
| Event | Date |
|---|---|
| Bidding opens | 15 Oct 2026 |
| Bidding closes | 19 Oct 2026 |
| Allotment | 21 Oct 2026 |
| Refunds | 22 Oct 2026 |
| Shares credited to demat | 22 Oct 2026 |
| Listing | 23 Oct 2026 |
Lot size and application amounts
| 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 |
| B-HNI (Min) | 67 | 6,633 | ₹10,01,583 |
About Zetwerk Manufacturing Business
Zetwerk Manufacturing Business Ltd. was incorporated in 2017 as a technology-led global manufacturing platform. It works as a managed marketplace that connects industrial and consumer enterprises with a network of manufacturing partners for custom and large-scale production. Its customers range from startups to mature companies. The company follows an asset-light model and offers design, supplier matching, quality control and logistics. Its platform, Zetwerk OS, tracks work across the manufacturing cycle. It serves electronics, renewable energy, aerospace and defence, capital goods and precision manufacturing. The source page says it is present in over 25 countries, with 10,000+ suppliers, 1,100+ customers and 20+ manufacturing facilities across India, the United States and Mexico. In FY2026 it had 1,802 customers, of which 1,613 were in India and 189 outside India.
Zetwerk Manufacturing Business financials
| ₹ crore | 30 Jun 2026 | 31 Mar 2026 | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|---|
| Assets | 12,016.09 | 13,384.63 | 9,083.09 | 10,355.43 | 10,330.85 |
| Total Income | 4,195.70 | 16,100.63 | 2,702.10 | 11,492.23 | 12,523.46 |
| Profit After Tax | -732.98 | -1,606.17 | -1,368.47 | -370.71 | -917.95 |
| EBITDA | 103.16 | 421.34 | 31.11 | 322.59 | 97.03 |
| NET Worth | 4,094.13 | 4,813.72 | 3,905.13 | 4,453.76 | 4,062.46 |
| Reserves and Surplus | -771.23 | -15.96 | 3,803.94 | 4,355.22 | 4,025.00 |
| Total Borrowing | 1,942.19 | 1,936.16 | 1,707.21 | 1,746.55 | 1,232.10 |
Key ratios
| Ratio | Value |
|---|---|
| P/E Ratio | -ve |
| EPS (₹) | -ve |
| RoNW | -1.74% |
| NAV (₹) | 25.85 |
Strengths
- Total income grew from Rs 11,492.23 crore in FY2025 to Rs 16,100.63 crore in FY2026, up about 40%.
- EBITDA rose from Rs 97.03 crore in FY2024 to Rs 322.59 crore in FY2025 and Rs 421.34 crore in FY2026.
- The company had 1,802 customers in FY2026, with 1,613 in India and 189 outside India.
- The asset-light model serves electronics, renewable energy, aerospace and defence, and capital goods customers.
- Net worth was Rs 4,813.72 crore on 31 March 2026, up from Rs 4,453.76 crore a year earlier.
Risks
- The company made a loss after tax of Rs 1,606.17 crore in FY2026, against losses of Rs 370.71 crore in FY2025 and Rs 917.95 crore in FY2024.
- The loss for the quarter ended 30 June 2026 was Rs 732.98 crore, and net worth fell to Rs 4,094.13 crore from Rs 4,813.72 crore on 31 March 2026.
- Reserves and surplus turned negative at Rs -771.23 crore on 30 June 2026, from Rs -15.96 crore on 31 March 2026.
- The source shows RoNW as -1.74%, which looks inconsistent with a FY2026 loss of Rs 1,606.17 crore on net worth of Rs 4,813.72 crore, so this figure needs checking.
- Because of the losses, EPS is negative (pre issue EPS is Rs -10.66), so a price to earnings multiple at the upper band of Rs 151 cannot be used.
- Total borrowing rose from Rs 1,746.55 crore in FY2025 to Rs 1,936.16 crore in FY2026.
- Rs 1,300.00 crore and Rs 860.00 crore of proceeds are listed for repaying borrowings, and part is for unidentified acquisitions.
- Promoter holding falls from 15.86% before the issue to 11.36% after it. One lot is 99 shares, about Rs 14,949 at the upper band of Rs 151.
Allotment status
Registrar: KFin Technologies Limited. Check Zetwerk Manufacturing Business IPO allotment status.
FAQs
What is the price band of Zetwerk Manufacturing Business IPO?
₹143–151 per share.
What is the lot size of Zetwerk Manufacturing Business IPO?
99 shares, which costs ₹14,949 at the upper price band.
What is the GMP of Zetwerk Manufacturing Business IPO?
₹17 (+11.26%) as of 14 Oct 2026, 03:00 PM IST. GMP is unofficial and not a prediction of the listing price.
When does Zetwerk Manufacturing Business IPO open and close?
It opens on 15 Oct 2026 and closes on 19 Oct 2026.
When is the allotment date of Zetwerk Manufacturing Business IPO?
21 Oct 2026.
When will Zetwerk Manufacturing Business IPO list?
23 Oct 2026 on BSE, NSE.