Zetwerk Manufacturing Business Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 2.50x | 255,982,067 | 620,059,671 | ₹3,865 Cr |
| NII (HNI) | 1.43x | 51,196,412 | 71,068,734 | ₹773 Cr |
| Retail | 0.73x | 24,128,676 | 24,128,676 | ₹364 Cr |
| Σ Total | 1.29x | 700,000 | 900,504 | ₹11 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 99 | ₹14,949 |
| Retail (Max) | 13 | 1,287 | ₹194,337 |
| S-HNI (Min) | 14 | 1,386 | ₹209,286 |
| B-HNI (Min) | 67 | 6,633 | ₹1,001,583 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Jun 2026 | 31 Mar 2026 | 30 Jun 2025 |
|---|---|---|---|
| Revenue | 4,196 | 16,101 | 2,702 |
| EBITDA | 103 | 421 | 31 |
| Profit After Tax | -733 | -1,606 | -1,368 |
| Net Worth | 4,094 | 4,814 | 3,905 |
| Total Assets | 12,016 | 13,385 | 9,083 |
| Reserves & Surplus | -771 | -16 | 3,804 |
| Total Borrowing | 1,942 | 1,936 | 1,707 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment/prepayment, in part or full, of certain of or all of borrowings availed by the company –
- 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 – 860.00
Company Overview
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.
Competitive Strengths:
- Unique business model enables us to serve multiple demand pools and makes them resilient across economic cycles
- Building Capabilities to Serve Multiple Industry Verticals
- Ability to scale in a capital-efficient manner
- Zetwerk OS, their proprietary technology enables end‑to-end workflow management across the manufacturing lifecycle while driving powerful network effects across their operations
- Deep relationships with customers driving higher revenue visibility and stickiness
- Ability to add value-additive ecosystem services to the manufacturing platform
- Experienced, cycle-tested management team backed by an experienced board of directors