Oct 19, 2026
Join Online Course
Learn Stock Market Analysis Course Beginners and Advanced Learn Derivatives for Beginners and Advanced...
The Zetwerk IPO 2026 is a book-built public issue of approximately ₹5,012.33 crore, comprising a fresh issue of shares and an offer for sale (OFS). Zetwerk Manufacturing Businesses operates a technology-led manufacturing platform that connects businesses with manufacturing partners across multiple industries. The IPO is scheduled to open on October 15, 2026, and close on October 19, 2026.
Investors evaluating the IPO should understand its issue structure, business model, financial performance, and associated risks before making an investment decision.
Zetwerk IPO Details
The following are the key details of the Zetwerk IPO, based on the information available as of October 12, 2026.
- IPO opening date: October 15, 2026
- IPO closing date: October 19, 2026
- Price band: ₹143–₹151 per share
- Face value: ₹1 per share
- Issue size: Approximately ₹5,012.33 crore
- Fresh issue: Approximately ₹2,830 crore
- Offer for sale: Approximately ₹2,182.33 crore
- Lot size: 99 shares
- Tentative allotment date: October 21, 2026
- Tentative listing date: October 23, 2026
- Listing exchanges: NSE and BSE
- Book-running lead manager: Kotak Mahindra Capital Company Ltd.
- Registrar: KFin Technologies Ltd.
The final offer details should be verified against the official Red Herring Prospectus (RHP) before applying.
What Is the Zetwerk IPO Lot Size and Minimum Investment?
The minimum application size for the Zetwerk IPO is 99 shares. At the upper price band of ₹151 per share, the minimum retail investment is ₹14,949.
| Application category | Lots | Shares | Amount |
|---|---|---|---|
| Retail minimum | 1 | 99 | ₹14,949 |
| Retail maximum | 13 | 1,287 | ₹1,94,337 |
| Small HNI minimum | 14 | 1,386 | ₹2,09,286 |
| Big HNI minimum | 67 | 6,633 | ₹10,01,583 |
These amounts are calculated using the upper price band. Actual application eligibility and category rules should be checked in the official offer documents.
About Zetwerk Manufacturing Businesses
Founded in 2017, Zetwerk is a technology-enabled manufacturing platform that connects industrial and consumer businesses with a network of manufacturing partners. It offers services spanning product design, supplier identification, quality control, and logistics.
The company follows an asset-light business model, supported by its proprietary technology platform, Zetwerk OS, which helps manage workflows and track manufacturing activities. Its operations cover electronics, renewable energy, aerospace and defence, industrial automation, oil and gas, and precision manufacturing.
According to the provided company information, Zetwerk has a presence in more than 25 countries, a network of over 10,000 suppliers, and more than 1,100 customers. It also operates over 20 manufacturing facilities across India, the United States, and Mexico. In FY2026, it served 1,802 customers, including 1,613 in India and 189 internationally.
Zetwerk IPO Financial Performance
The company’s financial performance highlights revenue growth alongside continued losses.
| Financial metric (₹ crore) | FY2025 | FY2026 |
|---|---|---|
| Total income | 11,492.23 | 16,100.63 |
| Profit after tax | -370.71 | -1,606.17 |
| EBITDA | 322.59 | 421.34 |
| Total assets | 10,355.43 | 13,384.63 |
| Total borrowings | 1,746.55 | 1,936.16 |
Total income increased by approximately 40% between FY2025 and FY2026. However, the company reported a larger net loss in FY2026, making profitability an important factor for investors to evaluate. Borrowings also increased during this period.
Investors should examine the company’s margins, cash flows, debt levels, and path to sustainable profitability in the RHP before drawing conclusions about its financial health.
Key Strengths of Zetwerk
Zetwerk’s stated strengths include its diversified industry exposure, capital-efficient operating model, proprietary technology, established customer relationships, and ability to scale manufacturing capacity. Its presence across multiple sectors may help it serve different sources of industrial demand.
However, operating across several industries and geographies can also expose the business to changes in demand, supply-chain disruptions, execution challenges, and economic cycles.
Zetwerk IPO: Should You Consider Applying?
Before applying for the Zetwerk IPO, investors should review its valuation, financial performance, business risks, issue objectives, and the use of fresh-issue proceeds. The fresh issue raises capital for the company, while the OFS allows existing shareholders to sell shares; these serve different purposes.
IPO subscription levels and market sentiment may provide context, but they should not be the sole basis for an investment decision. Investors should assess the offer documents and consider their financial goals, investment horizon, and risk tolerance.
Frequently Asked Questions
1. When does the Zetwerk IPO open and close?
The IPO is scheduled to open on October 15, 2026, and close on October 19, 2026.
2. What is the Zetwerk IPO price band?
The price band is ₹143 to ₹151 per share.
3. What is the minimum investment for the Zetwerk IPO?
At the upper price band, the minimum retail application of 99 shares amounts to ₹14,949.
4. When is the Zetwerk IPO allotment date?
The tentative allotment date is October 21, 2026.
5. When will Zetwerk shares list?
The tentative listing date is October 23, 2026, on NSE and BSE.
6. Is Zetwerk profitable?
Based on the supplied financial figures, Zetwerk reported a net loss of ₹1,606.17 crore in FY2026. Investors should review its financial statements and RHP for further details.
7. Where can investors find detailed IPO information?
Investors should refer to the official Zetwerk IPO RHP for complete details about the issue, risks, financials, and use of proceeds.
