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Zetwer sets IPO price band at Rs 143-151, aims to raise Rs 5,012 Cr

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Zetwer sets IPO price band at Rs 143-151, aims to raise Rs 5,012 Cr

Zetwerk, the Bengaluru-headquartered manufacturing marketplace, has set a price band of Rs 143–151 per share for its initial public offering (IPO), targeting a valuation of Rs 25,583 crore.

The IPO comprises a fresh issue of shares and an offer for sale (OFS). The company has expanded the size of the public issue to Rs 5,012 crore.

The fresh issue has been increased from Rs 2,600 crore to Rs 2,830 crore, while the OFS component has been expanded from 9.68 crore shares to 14.45 crore shares.

Early investors, including Peak XV Partners, Lightspeed Venture Partners, Accel India, and Kae Capital, have increased the number of shares they plan to sell. The proposed share sale by the founders remains unchanged.

Lightspeed Venture Partners plans to sell 2.51 crore shares, followed by Peak XV Partners with 2.34 crore shares and Accel India with 1.2 crore shares.

Zetwerk’s promoters, Amrit Acharya and Srinath Ramakkrushnan, will sell 1.42 crore shares, while promoter group entity Creovate Innovation will offload 2.30 crore shares.

The IPO will open for subscription on October 15 and close on October 19. The anchor investor book will open on October 14, and the shares are expected to list on the stock exchanges on October 23.

Zetwerk plans to use around Rs 2,160 crore from the fresh issue to repay debt. The remaining proceeds will be allocated towards acquisitions, strategic investments and general corporate purposes.

4% increase from Rs 11,332 crore in FY25. 7 crore in the previous fiscal year, largely due to a one-time charge.


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