Zetwerk Manufacturing IPO Review
Zetwerk Manufacturing, a technology-led manufacturing platform for industrial and consumer goods in India, plans to raise ₹5,012 Cr through an IPO.
[Fresh Issue ₹2,830 Cr + OFS ₹2,182 Cr]
Zetwerk manufacturing ipo price: ₹143–₹151 per share
Zetwerk Manufacturing: History
The Company was originally incorporated as Zetwerk Manufacturing Businesses Pvt Ltd, a private limited company under the Companies Act, 2013, on December 6, 2017.
It was then converted into a public limited company on February 6, 2026, by a special resolution passed by the shareholders.
The Company changed its name to Zetwerk Manufacturing Businesses Ltd, and the RoC issued a fresh certificate of incorporation on February 23, 2026.
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Zetwerk Manufacturing: Business
Zetwerk Manufacturing Businesses Ltd is a technology-led, asset-light manufacturing platform for industrial and consumer goods in India and globally.
Zetwerk operates across key sectors, such as –
- Aerospace and Defence,
- Capital Goods,
- Electronics,
- Renewable Energy, and
- Precision Manufacturing.
The Company operates a managed marketplace that connects consumer enterprises and industrial entities with a global network of manufacturing partners.
Its proprietary platform, Zetwerk OS, enables real-time tracking and transparency across the manufacturing lifecycle.
The Company operates 20+ manufacturing facilities across India, Mexico, and the United States.
Network
Zetwerk has a network of 10,000+ suppliers, 1,100+ clients (including Fortune 500 companies), and a presence in over 25 countries.
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Strategies Ahead
Increase wallet share with clients.
Gain customers in rapidly expanding industries.
Diversify into new industries ahead of demand inflections.
Continue to expand geographically.
Increase design-led manufacturing and original design manufacturing.
Expand and deepen supplier network.
Expand facilities through greenfield setups & acquisition of bolt-on capabilities.
Company Promoters
- Amrit Pratik Acharya,
- Srinath Ramakkrushnan.
Refer to Zetwerk Manufacturing RHP for further details.
IPO Detail
ipo date: 15 Oct – 19 Oct 2026
Minimum Amount: ₹14,949
Minimum Bid: 99 Shares
Face Value: INR 1 per share
Listing On: NSE, BSE
Objects of the IPO
Repayment (prepayment), in part or full, of certain or all of the borrowings availed by the Company and subsidiaries,
Funding inorganic growth through unidentified acquisitions & other strategic acquisitions, and
General corporate purposes.
Financial
Book Running Lead Managers
Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs (India), Avendus Capital, JM Financial, HSBC Securities and Capital Markets (India), Pantomath Capital Advisors
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends a ‘NEUTRAL’ rating (for the time being) for the Zetwerk Manufacturing Businesses Limited IPO.
Do come back to learn more about “upcoming IPOs”.
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Disclaimer: This article is purely for informational purposes.
While much time and effort is made to provide the information, I (Vishal Dalwadi) or FinBlab do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
