Zetwerk Manufacturing Business IPO Price: ₹143 to ₹151 per share
IPO Dates: 15 to 19 Oct, 2026
Company Overview
Incorporated in 2017, Zetwerk Manufacturing Businesses Private Limited is a technology-led global manufacturing platform that connects industrial and consumer enterprises with manufacturing partners for custom and large-scale production. The Company serves businesses ranging from innovative startups to established companies across multiple industries.
Business Model
The Company follows an asset-light managed marketplace model, offering end-to-end solutions covering design, supplier matching, quality control and logistics. Its proprietary platform, Zetwerk OS, provides real-time tracking and transparency throughout the manufacturing lifecycle.
Industry Diversification
Zetwerk serves a broad range of industries, including utilities, renewable energy, consumer electronics, artificial intelligence infrastructure, aerospace, space and defence, oil and gas, industrial automation, capital goods and precision manufacturing.
Manufacturing Capabilities
The Company operates more than 20 manufacturing facilities across India, the United States and Mexico. Its business model supports scalable manufacturing capacity, quality control and faster delivery timelines.
International Operations
Zetwerk has a presence in over 25 countries, supported by a network of more than 10,000 suppliers and over 1,100 customers, including Fortune 500 companies.
Customer Reach
In Fiscal 2026, the Company served 1,802 customers, comprising 1,613 customers in India and 189 customers outside India.
Competitive Strengths
- A diversified business model serving multiple demand pools across economic cycles.
- Manufacturing capabilities across multiple industry verticals.
- Capital-efficient scalability.
- Proprietary technology supporting end-to-end manufacturing workflow management.
- Established customer relationships supporting revenue visibility and customer retention.
- Opportunities to provide additional value-added services through its manufacturing platform.
- Experienced management team and Board of Directors.
Bidding Starts In
Zetwerk Manufacturing Business Limited IPO Specifics:
| IPO Date | 15 to 19 Oct, 2026 |
| Listing Date | Fri, Oct 23, 2026T |
| Face Value | ₹1 per share |
| Price Band | ₹143 to ₹151 |
| Lot Size | 99 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹14.00 |
| Total Issue Size | 33,20,07,155 shares (agg. up to ₹5,012 Cr) |
| Fresh Issue | 18,74,82,119 shares (agg. up to ₹2,830 Cr) |
| Offer for Sale | 14,45,25,036 shares of ₹1 (agg. up to ₹2,182 Cr) |
| Share Holding Pre Issue | 1,50,67,72,659 shares |
| Share Holding Post Issue | 1,69,42,54,778 shares |
Zetwerk Manufacturing Business Limited IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Thu, Oct 15, 2026 |
| IPO Close | Mon, Oct 19, 2026 |
| Allotment | Wed, Oct 21, 2026 |
| Refund | Thu, Oct 22, 2026 |
| Credit of Shares | Thu, Oct 22, 2026 |
| Listing | Fri, Oct 23, 2026 |
Zetwerk Manufacturing Business Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 99 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 99 | ₹14,949 |
| Retail (Max) | 13 | 1287 | ₹1,94,337 |
| S-HNI (Min) | 14 | 1386 | ₹2,09,286 |
| S-HNI (Max) | 66 | 6534 | ₹9,86,634 |
| B-HNI (Min) | 67 | 6633 | ₹10,01,583 |
Zetwerk Manufacturing Business Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not less than 75% of the Net Offer |
| Retail | Not more than 10% of the Net Offer |
| NII | Not more than 15% of the Net Offer |
Zetwerk Manufacturing Business Limited IPO Financial Information
| Particulars (₹ Cr) | 30 Jun 2026 | 31 Mar 2026 | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|---|
| Assets | 12,016.09 | 13,384.63 | 9,083.09 | 10,355.43 | 10,330.85 |
| Total Income | 4,195.70 | 16,100.63 | 2,702.10 | 11,492.23 | 12,523.46 |
| Profit After Tax | -732.98 | -1,606.17 | -1,368.47 | -370.71 | -917.95 |
| EBITDA | 103.16 | 421.34 | 31.11 | 322.59 | 97.03 |
| NET Worth | 4,094.13 | 4,813.72 | 3,905.13 | 4,453.76 | 4,062.46 |
| Reserves and Surplus | -771.23 | -15.96 | 3,803.94 | 4,355.22 | 4,025.00 |
| Total Borrowing | 1,942.19 | 1,936.16 | 1,707.21 | 1,746.55 | 1,232.10 |
Key Performance Indicator-Zetwerk Manufacturing Business Limited IPO
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| RoNW | -1.74% | -21.11% |
| NAV | 25.85 | 31.26 |
| P/B (x) | – | 4.83 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | -10.66 | -ve |
| P/E (x) | -14.17 | -ve |
| Market Cap at Offer Price | ₹22,752.27 Cr. | ₹25,583.25 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Zetwerk Manufacturing Business Limited IPO RHP
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