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Zetwerk IPO: Early investors set for up to 38X returns through OFS

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Zetwerk IPO: Early investors set for up to 38X returns through OFS

Zetwerk’s upcoming IPO is expected to deliver multi-fold returns to several early investors, with Kae Capital and Kalysta Capital set to earn around 38X returns on their investments. The offer for sale (OFS) will see existing shareholders offload 14.45 crore shares worth approximately Rs 2,182 crore.

According to Entrackr’s analysis, Lightspeed Venture Partners is the largest selling external shareholder in Zetwerk’s IPO, with a share sale worth Rs 426.9 crore. At the upper price band of Rs 151 per share, it is set to clock around 4.5X returns based on the average acquisition cost across its participating funds. Peak XV Partners will offload shares worth Rs 353.5 crore, translating into around 9.3X returns, while Accel is set to generate around 19.3X returns on its Rs 181.5 crore share sale.

The average acquisition costs for Lightspeed and Peak XV have been calculated across their respective funds participating in the OFS.

Kae Capital will sell shares worth Rs 189.8 crore through the OFS and is set to clock around 38.3X returns based on an average acquisition cost of Rs 3.94 per share. Kalysta Capital will offload shares worth Rs 63.3 crore, also generating around 38.3X returns at the upper price band.

Among other shareholders, promoter group entity Creovate Innovation will offload shares worth Rs 346.9 crore. Its acquisition cost of Rs 178.58 per share is higher than the IPO’s upper price band, implying a return of around 0.85X on its investment.

9 crore. 9 crore, respectively.



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