Zetwerk Manufacturing Businesses Limited’s Initial Public Offering to open on Thursday, October 15, 2026
Price Band fixed at ₹ 143 per equity share of face value ₹1 each to ₹151 per equity share of face value of ₹1 each (“Equity Shares”) of Zetwerk Manufacturing Businesses Limited (the “Company”
POSTED BY : ANAGHA SAKPAL DT. 12/10/2026 📞 9004379946
- Anchor Investor Bidding Date – Wednesday, October 14, 2026
- Bid /Offer Opening Date – Thursday, October 15, 2026, and Bid/ Offer Closing Date – Monday, October 19, 2026
- Bids can be made for a minimum of 99 Equity Shares of face value ₹ 1 each and in multiples of 99 Equity Shares thereafter
- Red Herring Prospectus (“RHP”) link: https://ir.zetwerk.com/wp-content/uploads/Zetwerk-RHP.pdf
MUMBAI : RMI.IN : Zetwerk Manufacturing Businesses Limited is set to open its Initial Public Offering (IPO) for subscription on Thursday, October 15, 2026.
The company has fixed the Price Band at Rs 143 to Rs 151 per equity share of face value Re 1 each. The Anchor Investor Bidding Date is Wednesday, October 14, 2026, while the Bid/Offer will close on Monday, October 19, 2026.
Investors can bid for a minimum of 99 equity shares and in multiples of 99 thereafter. The floor and cap price are 143 times and 151 times the face value respectively.
The Offer comprises a Fresh Issue aggregating up to Rs 2,830 crore and an Offer for Sale (OFS) of up to 144,525,036 equity shares by existing shareholders. The Fresh Issue and OFS together constitute the Offer.
As per SEBI ICDR Regulations, the IPO is being made through the Book Building Process under Regulation 6(2). Not less than 75% of the Net Offer is reserved for Qualified Institutional Buyers (QIBs). Up to 60% of the QIB Portion may be allocated to Anchor Investors, of which 33.33% is reserved for domestic Mutual Funds and 6.67% for Life Insurance Companies and Pension Funds.
Further, not more than 15% of the Net Offer is for Non-Institutional Bidders (NIBs) – one-third for bids between Rs 2 lakh to Rs 10 lakh and two-thirds for bids above Rs 10 lakh. Not more than 10% is reserved for Retail Individual Bidders (RIBs). A portion is also reserved for Eligible Employees.
All bidders except Anchor Investors must use the ASBA process with UPI.
The equity shares are proposed to be listed on BSE and NSE, with NSE as the Designated Stock Exchange.
Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs (India), Avendus Capital, JM Financial, HSBC Securities and Pantomath Capital are the Book Running Lead Managers.
The Red Herring Prospectus (RHP) was filed on October 11, 2026 and is available at https://ir.zetwerk.com/wp-content/uploads/Zetwerk-RHP.pdf and on SEBI, BSE, NSE and company websites.
