Zetwerk's Rs 5,012 crore IPO to open this week. Check price band, other details

Zetwerk's Rs 5,012 crore IPO to open this week. Check price band, other details

Zetwerk Manufacturing Business has set its IPO price band at Rs 143–151 per share for its Rs 5,012.33-crore issue opening on October 15. The offering includes a fresh issue of Rs 2,830 crore. Proceeds will primarily fund debt repayment and strategic acquisitions to support its expansion.

Peak XV, Accel-backed Zetwerk seeks $2.6 billion valuation in India IPO

Zetwerk seeks a ₹25,583 crore valuation in India IPO, opening Oct 15-19, with ₹2,830 crore fresh issue and 144.53 million OFS shares.

IPO Rush: Eight issues to raise over Rs 11,000 crore this week

Investors can look forward to an active primary market with six mainboard and two SME IPOs on the horizon. Zetwork Manufacturing is expected to head the list, seeking an impressive Rs 5,000 crore, followed by Bonfiglioli Transmission aiming for Rs 2,500 crore and Tonbo Imaging India with a target of Rs 1,500 crore. Supporting this momentum are HD Fire Protect, Fusion CX, and Medical Technologies.

Zetwerk Sets IPO Price Band At ₹143-₹151 For ₹5,012 Cr Issue

Zetwerk has increased the fresh issue from ₹2,600 Cr outlined in its UDRHP. The OFS has also grown 49.2% from about 9.7 Cr shares.

IPO lineup this month: 12 firms including Jio Platforms issue to open bids; See details

A dozen companies including Jio Platforms, Zetwerk Manufacturing Business, and Avaada Electro are set to raise funds through IPOs in October. The Jio Platforms issue is set to open on October 21, while Zetwerk plans to raise approximately ₹5,000 crore.