Zetwerk IPO: dates, price band, lot size and GMP
Zetwerk IPO opens 15 – 19 Oct 2026 on the Mainboard, price band Band awaited, lot size awaited, GMP ₹30. Allotment 21 Oct, listing 23 Oct.
Listing date: Zetwerk IPO is scheduled to list on 23 Oct on NSE, BSE.
Updated 11 Oct 2026, 15:10 IST. Dated dealer references.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Zetwerk IPO has a price band of Band awaited, a lot of — shares and a grey-market premium of ₹30 as of 11 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 15 – 19 Oct 2026 |
| Price band | Band awaited |
| Fresh issue | ₹2,830 Cr |
| GMP (unofficial) | ₹30 |
| Subscription | — |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | Kotak Mahindra Capital Co.Ltd., Morgan Stanley India Co.Pvt.Ltd., Goldman Sachs (India) Securities Pvt.Ltd., Avendus Capital Pvt.Ltd., JM Financial Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., Pantomath Capital Advisors Pvt.Ltd. |
| Status | Upcoming |
Timeline
- Issue opens: 15 Oct
- Issue closes: 19 Oct
- Allotment: 21 Oct
- Refunds: 22 Oct
- Demat credit: 22 Oct
- Listing: 23 Oct
GMP today
Grey-market premium ₹30 per share. Unofficial, dated, not a forecast. Day-by-day GMP trend.
Issue details
| Face value | ₹1 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Offer for sale (shares) | 14,45,25,036 |
| Promoter holding pre-issue | 15.86% |
| Promoters | Amrit Pratik Acharya, Srinath Ramakkrushnan |
| Lead managers | Kotak Mahindra Capital Co.Ltd., Morgan Stanley India Co.Pvt.Ltd., Goldman Sachs (India) Securities Pvt.Ltd., Avendus Capital Pvt.Ltd., JM Financial Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., Pantomath Capital Advisors Pvt.Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | zetwerk.ipo@kfintech.com |
| Company website | zetwerk.com |
| Anchor bid date | 14 Oct 2026 |
| Anchor lock-in ends (50%) | 20 Nov 2026 |
| Anchor lock-in ends (remaining) | 19 Jan 2027 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| QIB | — | — | Not less than 75% of the Net Offer |
| NII (HNI) | — | — | Not more than 15% of the Net Offer |
| Retail | — | — | Not more than 10% of the Net Offer |
Key ratios as of 31 Mar 2026
| RoNW | −21.11% |
|---|---|
| NAV per share | ₹31.26 |
Financials (₹ Cr)
| Metric | 30 Jun 2026 | FY26 | 30 Jun 2025 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|---|---|
| Assets | 12,016.09 | 13,384.63 | 9,083.09 | 10,355.43 | 10,330.85 | +29.3% |
| Total Income | 4,195.7 | 16,100.63 | 2,702.1 | 11,492.23 | 12,523.46 | +40.1% |
| Profit After Tax | −732.98 | −1,606.17 | −1,368.47 | −370.71 | −917.95 | −333.3% |
| EBITDA | 103.16 | 421.34 | 31.11 | 322.59 | 97.03 | +30.6% |
| NET Worth | 4,094.13 | 4,813.72 | 3,905.13 | 4,453.76 | 4,062.46 | +8.1% |
| Reserves and Surplus | −771.23 | −15.96 | 3,803.94 | 4,355.22 | 4,025 | profit to loss |
| Total Borrowing | 1,942.19 | 1,936.16 | 1,707.21 | 1,746.55 | 1,232.1 | +10.9% |
About Zetwerk
Incorporated in 2017, Zetwerk Manufacturing Businesses Private Limited is a technology-led global manufacturing platform. The Company operates as a managed marketplace connecting industrial and consumer enterprises with a global network of manufacturing partners for custom and large-scale production requirements. The company serves across sizes, from innovative startups to mature companies, and across industries, including utilities, renewables, consumer electronics, artificial intelligence infrastructure, aerospace, space & defence, oil & gas, and industrial automation.
The Company follows an asset-light business model and provides end-to-end solutions, including design, supplier matching, quality control, and logistics. The Company's proprietary platform, Zetwerk OS, enables real-time tracking and transparency across the manufacturing lifecycle. Its key strengths include scalable manufacturing capacity, strong quality control systems, faster delivery timelines, and a diversified global customer base.
It operates across key sectors such as electronics, renewable energy, aerospace and defence, capital goods, and precision manufacturing. Zetwerk has a presence in over 25 countries and a network of 10,000+ suppliers and 1,100+ customers, including Fortune 500 companies. It also operates 20+ manufacturing facilities across India, the United States, and Mexico.
In Fiscal 2026, the company had 1,802 customers, comprising 1,613 customers within India and 189 customers outside India.
Objects of the issue
- Repayment/prepayment, in part or full, of certain of or all of borrowings availed by the company — ₹1,300 Cr
- Funding inorganic growth through unidentified acquisitions and other strategic acquisitions
- General Corporate Purposes
- Repayment/prepayment, in part or full, of certain of or all of borrowings availed — ₹860 Cr
Net proceeds: ₹2,160 Cr
Strengths (per the offer document)
- Zetwerk OS, our proprietary technology enables end‑to-end workflow management across the manufacturing lifecycle while… — Our manufacturing platform operates on our proprietary Zetwerk OS, an end-to-end technology that standardises every stage of the manufacturing lifecycle and supports distributed manufacturing.
- Deep relationships with customers driving higher revenue visibility and stickiness — Many of our customer relationships evolve from single‑order engagements to multi‑year contracts.
- Ability to add value-additive ecosystem services to our manufacturing platform — The unified, technology-first design of our manufacturing platform supports the addition of new value‑added services on top of our core manufacturing capabilities.
- Experienced, cycle-tested management team backed by an experienced board of directors — Our Promoters, Amrit Pratik Acharya and Srinath Ramakkrushnan, met at IIT Madras and began their careers at ITC.
Risk factors (as disclosed by the company)
- We incurred a restated loss for the period/year from continuing operations of ₹641.29 million, ₹8,806.65 million, ₹9,643.93 million — We started our operations in 2018 and have grown significantly.
- We are dependent on the performance of the industries our customers operate in, including renewables, artificial intelligence infrastructure, oil & gas — Our Manufacturing Business is organised into (i) Energy Products, primarily serving customers in the renewable energy, power transmission and artificial intelligence infrastructure;
- Our top 10 suppliers contributed 40.71%, 37.59%, 38.18% — The table below sets forth our purchases of materials from and outsourced manufacturing costs attributable to our top five and top 10 suppliers in absolute amounts and as percentages of our total…
- Our statutory auditors have included certain emphasis of matters and modifications under the section "Report on Other Legal and Regulatory Requirements"… — Our statutory auditors’ examination report on our Restated Consolidated Financial Information discloses an emphasis of matter paragraph and modifications under the section “Report on Other Legal and…
- Our top 10 customers accounted for 29.39%, 34.26%, 35.90% — The table below sets forth the revenue from operations – continuing operations derived from our top ten customers in absolute amounts and as percentages of our revenue from operations – continuing…
- We are subject to strict performance and quality requirements — We design and manufacture products to customer specifications, many of which are highly complex and carry elevated risk profiles.
- We do not have firm, long‑term purchase commitments with many of our customers and our revenue visibility — Our agreements with Manufacturing Business customers include orders spanning multiple years with volume and price commitments;
- We have significant working capital requirements and our inability to meet such working capital requirement may have an adverse effect on our results… — Our business requires significant working capital.
From the RHP (strengths pages 328–335, risk factors pages 32–43). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Zetwerk IPO GMP today and trend
- Zetwerk IPO subscription status, day by day
- Zetwerk IPO allotment status and how to check
Frequently asked questions
When does the Zetwerk IPO open and close?
The issue is scheduled for 15 – 19 Oct 2026.
What is the Zetwerk IPO price band?
The price band is Band awaited per share.
What is the Zetwerk IPO GMP today?
The grey-market premium reported today is ₹30 per share. GMP is an unofficial, unregulated indicator and not a prediction of the listing price.
When will Zetwerk list?
The tentative listing date is 23 Oct on the main board.
How do I apply for the Zetwerk IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Zetwerk · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), Zetwerk · as filed · ir.zetwerk.com
- Registrar allotment page, Kfin Technologies Ltd. · allotment 21 Oct · ipostatus.kfintech.com
- NSE public issues page · listing 23 Oct · nseindia.com
- BSE public issues page · listing 23 Oct · bseindia.com
- Zetwerk company website · zetwerk.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 11 Oct, 08:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Zetwerk IPO”, https://buyunlistedshares.com/ipo/zetwerk-ipo, as of 11 Oct 2026.
Other IPOs on the calendar
- Vaibhav Vyapaar IPO · 13 – 15 Oct 2026
- Ravita Engineering Services IPO · 13 – 15 Oct 2026
- HD Fire Protect IPO · 13 – 15 Oct 2026
- Fusion CX IPO · 14 – 16 Oct 2026
- Zetwerk Manufacturing IPO · 15 – 19 Oct 2026
- Sahajanand Medical Technologies IPO · 15 – 19 Oct 2026
- Tonbo Imaging India IPO · 15 – 19 Oct 2026
- Sahajanand Medical IPO · 15 – 19 Oct 2026
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 11 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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