Zetwerk Secures ₹2,251 Crore From Anchor Investors Ahead of IPO
Manufacturing firm Zetwerk has raised ₹2,251.2 crore from anchor investors ahead of its Initial Public Offering (IPO), which opens for public subscription on October 15.
Manufacturing company Zetwerk has raised ₹2,251.2 crore from anchor investors as part of the lead-up to its Initial Public Offering (IPO). The IPO is scheduled to open for public subscription on October 15. The company allocated 14.91 crore equity shares to these investors at ₹151 per share, the upper end of its IPO price band.
Domestic mutual funds were significant participants, accounting for approximately 46% of the anchor book by acquiring 6.80 crore shares. This allocation met the reservation for domestic mutual funds, life insurance companies, and pension funds, which was set at 40% of the anchor portion. SBI Mutual Fund emerged as the largest domestic investor in this round.
The overall IPO is valued at ₹5,012 crore and will be open for subscription from October 15 to October 17. At the upper price band of ₹143-₹151 per share, Zetwerk is valued at approximately ₹25,583 crore post-issue. The offering includes a fresh issue of ₹2,830 crore and an offer for sale (OFS) component.
Zetwerk intends to utilize ₹2,160 crore from the fresh issue primarily for repaying debt. The company reported operating revenue of ₹15,739.3 crore for FY26, an increase from FY25, though its net loss widened during the same period due to discontinued operations and exceptional charges.