Zetwerk Manufacturing IPO
ZETWERK · BSE, NSE · Mainboard · Power Generation/Distribution
Overview
Updated 2 hr agoZetwerk Manufacturing is a technology-led, asset-light manufacturing platform that aggregates capacity across a network of third-party suppliers and its own facilities. The company serves diverse industries including renewable energy, consumer electronics, and aerospace, utilizing its proprietary Zetwerk OS to manage the end-to-end manufacturing lifecycle.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 99 | ₹14,949 |
| Retail (max) | 13 | 1,287 | ₹1,94,337 |
| sNII (min) | 14 | 1,386 | ₹2,09,286 |
| bNII (min) | 67 | 6,633 | ₹10,01,583 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 12 Nov, 18:33 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE, NSE |
| Segment | Mainboard |
| Sector | Power Generation/Distribution |
| Price band | ₹143–151 |
| Final issue price | ₹151.00 |
| Face value | ₹1 per share |
| Lot size | 99 shares |
| Minimum investment | ₹14,949 |
| Issue size | ₹5,012 Cr |
| Fresh issue | ₹2,830 Cr |
| Registrar | KFin Technologies Limited |
| NSE symbol | ZETWERK |
| ISIN | INE09PO01019 |
Fresh issue vs offer for sale
Shareholder quota and promoter holding
Company & business
Incorporated in 2017, Zetwerk Manufacturing operates as a unified 'universal factory' by coordinating manufacturing across thousands of third-party suppliers and its own facilities. The company provides end-to-end solutions including design, manufacturing, quality control, and logistics. Its business is divided into the Manufacturing Business, which produces industrial and consumer goods, and the Ecosystem Business (Terra91), which aggregates industrial commodities for cost-effective procurement. The company leverages its proprietary technology, Zetwerk OS, to manage complex workflows, enabling it to serve a wide range of customers from startups to large industrial enterprises across multiple geographies.
Objects of the issue — how the money will be used
- Repayment/prepayment of borrowings of the Company and certain Subsidiaries (₹2,160 Cr)
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Key strengths
- Unique business model serving multiple demand pools
- Scalable, asset-light manufacturing platform
- Proprietary Zetwerk OS technology backbone
- Deep customer relationships with high revenue visibility
- Value-additive ecosystem services through Terra91
- Experienced and cycle-tested management team
- Comprehensive risk management framework
Key risks
- Non-GAAP financial measures may not be comparable to other companies
- Funding requirements have not been appraised by independent agencies
- Reliance on third-party suppliers for manufacturing capacity
- Exposure to raw material price volatility and foreign exchange risks
- History of losses and negative cash flows
- Potential for delays or cost overruns in project deployment
- Dependence on specific industries like renewable energy and capital goods
Promoters
Amrit Pratik Acharya, Srinath Ramakkrushnan
Decoded from the RHP with AI on 31-Oct-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 12,364.37 | -- | −852.53 | -- | -- | -- |
| FY25 | 11,331.86 | -- | −215.07 | -- | -- | -- |
| FY26 | 15,913.32 | -- | −964.39 | -- | -- | -- |
Key performance indicators · FY26
Peers & valuation
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Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.