Zetwerk Manufacturing Business
LIVEIPO Date: 15 Oct - 19 Oct 2026
Listing Date: 23 Oct 2026
Price Range
₹143 to ₹151
Issue Size
5012 Cr
Min Investment
₹14,157
Min Application
99 Shares
Schedule of Zetwerk Manufacturing Business
Issue open date
15 Oct 2026
Issue close date
19 Oct 2026
UPI mandate deadline
19 Oct 2026 (5 PM)
Allotment finalization
21 Oct 2026
Share credit
22 Oct 2026
Listing date
23 Oct 2026
Mandate end date
3 Nov 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 5012 Cr |
| Fresh Issue | 18.75 Cr |
| Offer for Sale | 14.45 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 21 Oct 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 16 Oct 2026Latest | ₹151 | ₹5 | ₹156(+3.31%) |
| 15 Oct 2026 | ₹151 | ₹14 | ₹165(+9.27%) |
| 14 Oct 2026 | ₹151 | ₹22 | ₹173(+14.57%) |
| 13 Oct 2026 | ₹151 | ₹23 | ₹174(+15.23%) |
| 12 Oct 2026 | ₹151 | ₹16 | ₹167(+10.6%) |
| 11 Oct 2026 | ₹151 | ₹0 | ₹151(0%) |
Performance Zetwerk Manufacturing Business
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹143 to ₹151 | .... | .... | .... |
About Zetwerk Manufacturing Business
Zetwerk Manufacturing Business is a Bengaluru-based, technology-driven manufacturing company founded in 2017. It connects businesses with manufacturing suppliers through its proprietary software platform, Zetwerk OS, coordinating production, quality control, pricing, and logistics. Its product portfolio includes renewable energy components, power transformers, consumer electronics, precision components, and heavy industrial equipment. As of March 2026, the company had a network of 6,979 third-party suppliers across 26 countries and 26 owned manufacturing facilities. Its customers include Siemens Gamesa, Acer, NTPC, and DRDO.
| Founded in | 2017 |
| Managing director | Amrit Acharya |
| Parent organization | Zetwerk manufacturing group. |
Financial Overview
Strengths
5- 1
Large manufacturing network. Its 6,979 third-party suppliers across 26 countries, together with 26 owned facilities, give it access to manufacturing capacity across multiple markets.
- 2
Diversified product portfolio. The company serves renewable energy, power infrastructure, consumer electronics, aerospace, defence, and industrial manufacturing. This reduces dependence on a single product category.
- 3
Proprietary technology platform. Zetwerk OS helps coordinate supplier selection, production planning, quality assurance, and logistics, potentially improving manufacturing efficiency and order visibility.
- 4
Established customer relationships. The company works with major businesses and institutions, including Siemens Gamesa, Acer, NTPC, and DRDO, supporting its credibility in industrial and technology-related manufacturing.
- 5
Growth opportunities. Increasing demand for renewable energy equipment, domestic electronics manufacturing, and aerospace and defence products provides opportunities to expand its manufacturing operations.
Risks
5- 1
Continued financial losses. Zetwerk reported a substantial loss for FY2026. Although some of the loss was associated with exceptional, largely non-cash charges, its ability to achieve sustained profitability remains an important concern.
- 2
Negative operating cash flow. The company used approximately ₹681.5 crore in operating cash flow during FY2026. Continued cash outflows could increase its need for external financing.
- 3
Customer concentration. Its top 10 customers contributed approximately 35.9% of FY2026 revenue. Losing a major customer or receiving fewer orders could materially affect business performance.
- 4
Supplier and execution risks. Dependence on third-party manufacturers exposes the business to quality problems, production delays, cost increases, and supply-chain disruptions.
- 5
High working-capital requirements. Manufacturing orders can require substantial spending on inventory and production before customers make payments. Delayed collections or increasing inventory could put pressure on liquidity and profitability.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.3 |
| Non-Institutional Investors (NIIs) | 0.09 |
| Retail Individual Investors (RIIs) | 0.23 |
| Employee | 0.26 |
| Total | 0.23 |