Zetwerk Manufacturing Limited
IPO Details
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Lot Distribution
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Company Fin.
₹1.2(0.79%)
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The Initial Public Offering of Zetwerk Manufacturing Limited's culminated in its successful listing on Oct 23, 2026 at the NSE, BSE trading platform. The company secured 33,20,07,155 Shares through this capital market exercise, with 18,74,82,119 Shares allocated to new capital formation and ₹2182.33 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹143 to ₹151, with minimum investment requirements of 99 shares. The subscription period from Oct 15, 2026 to Oct 19, 2026 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Oct 21, 2026. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Zetwerk Manufacturing Businesses Private Limited, incorporated in 2017 and headquartered in Bengaluru, India, is a technology-driven global manufacturing platform that connects industrial and consumer businesses with a network of manufacturing partners for customized and large-scale production. The company follows an asset-light model and provides end-to-end services covering design, supplier selection, quality control, production coordination and logistics. It serves key industries including electronics, renewable energy, aerospace and defence, capital goods and precision manufacturing. Zetwerk has a presence across more than 25 countries, with a network of over 10,000 suppliers and 1,100 customers, including Fortune 500 companies, and operates more than 20 manufacturing facilities across India, the United States and Mexico. Its proprietary platform, Zetwerk OS, provides real-time visibility and tracking throughout the manufacturing process. The company is supported by approximately 1,000–1,500 professionals across engineering, technology and project management functions, while its scalable manufacturing network, quality control processes, faster delivery capabilities and diversified global customer base support its growth in the international manufacturing sector.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Technology-Led Manufacturing Platform: Zetwerk operates an asset-light, technology-driven manufacturing platform that connects customers with suppliers and manages the manufacturing lifecycle from design and sourcing to production, quality, and logistics.
- Large & Diversified Manufacturing Network: As of March 2026, the company served 1,802 customers through 6,979 suppliers across 26 countries and operated 26 owned manufacturing facilities across four countries.
- Diversified Industry Exposure: Zetwerk serves multiple sectors including renewable energy, utilities, electronics, aerospace & defence, oil & gas, capital goods, industrial automation, and precision manufacturing, reducing dependence on a single industry.
- Supply Chain Dependence: The business relies on a large network of third-party suppliers for manufacturing capacity and sourcing. Supplier disruptions, quality issues, delays, or capacity constraints could affect customer deliveries and profitability.
- Customer & Order Dependence: Manufacturing demand can fluctuate based on customer orders, project cycles, and end-market conditions. Loss or reduction of business from major customers could negatively impact revenue and capacity utilisation.
- Global Operational Risks: Operations across multiple countries expose the company to changes in trade policies, tariffs, foreign-exchange movements, regulations, geopolitical conditions, and disruptions in international supply chains.
- Amrit Pratik Acharya
- Srinath Ramakkrushnan
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