Zetwerk Manufacturing set its IPO price band at ₹143‑₹151 per share, targeting a ₹26,000‑crore market cap at the upper end—an offering that will raise ₹5,000 cr in total. The issue opens for subscription on Thursday, Oct 15, closes on Monday, Oct 19, and the stock will trade on BSE and NSE from Friday, Oct 23.
One lot equals 99 shares; retail investors can buy a lot for ₹14,949. Only 10 % of the 5,000‑cr issue is earmarked for retail, while 75 % is reserved for Qualified Institutional Buyers (QIBs) and the remaining 15 % for non‑institutional investors.
Eligible employees receive a ₹14‑per‑share discount in the IPO, a concession noted in the prospectus. The issue comprises a fresh equity raise of ₹2,830 cr and an Offer‑for‑Sale (OFS) of ₹2,182.3 cr, with each share carrying a ₹1 face value.
Book‑running lead managers include Kotak Capital, Morgan Stanley, Goldman Sachs, Avendus Capital, JM Financial, HSBC Securities, and Pantomath Capital, with KFin Technologies acting as registrar. Promoters Amrit Pratik Acharya and Srinath Ramakrishnan, along with Peak XV Partners, Accel India V, Lightspeed Venture Partners, and Saifuddin Qureshi, are listed as selling shareholders.
Post‑IPO, promoter holding will drop from 21.08 % to 15.71 %. The allotment of shares to eligible bidders is scheduled for Wednesday, Oct 21, after a market holiday on Oct 20 for Dusshera, and will be credited to demat accounts on Oct 22.