What is the GMP of Zetwerk Manufacturing IPO today?

The Grey Market Premium (GMP) for Zetwerk Manufacturing IPO is currently ₹2. With an upper price band of ₹151, the estimated listing price is ₹153 per share, reflecting an expected listing gain of ~1.32%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Zetwerk Manufacturing IPO?

The price band for Zetwerk Manufacturing IPO is ₹143 to ₹151 per equity share. The minimum lot size is 99 shares, which requires a minimum retail application investment of ₹14,949.

What are the important dates for Zetwerk Manufacturing IPO?

Zetwerk Manufacturing IPO opens for subscription on 2026-10-15T00:00:00 and closes on 2026-10-19T00:00:00. The basis of allotment is scheduled for 2026-10-21T00:00:00, and shares are expected to list on 2026-10-23T00:00:00 on BSE, NSE.

How can I check the allotment status for Zetwerk Manufacturing IPO?

You can check Zetwerk Manufacturing IPO allotment status on the registrar's official portal (KFin Technologies Limited) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Zetwerk Manufacturing IPO?

Investors can apply for Zetwerk Manufacturing IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Zetwerk Manufacturing IPO open and close?

The IPO opens on 15 Oct 2026, and closes on 19 Oct 2026.

What is Zetwerk Manufacturing IPO price band?

The issue price band is ₹143.00 to ₹151.00 per equity share.

What is the Zetwerk Manufacturing IPO lot size?

The minimum lot size is 99 shares per application.

What is the Zetwerk Manufacturing IPO allotment date?

The allotment is scheduled on 21 Oct 2026.

Zetwerk Manufacturing IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

5012.00 Cr

Price Band

₹143.00 - ₹151.00

Lot Size

99 Shares

Min Investment

₹14,949

GMP

₹2

Subscription

0.31x

₹868.34 Cr

15 Oct 2026

IPO Opens

COMPLETED

19 Oct 2026

IPO Closes

COMPLETED

21 Oct 2026

Basis of Allotment

COMPLETED

22 Oct 2026

Refunds

COMPLETED

22 Oct 2026

Demat Credit

COMPLETED

23 Oct 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

15 Oct 2026

IPO ClosesDONE

19 Oct 2026

Basis of AllotmentDONE

21 Oct 2026

RefundsDONE

22 Oct 2026

Demat CreditDONE

22 Oct 2026

ListingDONE

23 Oct 2026

About Zetwerk Manufacturing IPO

Zetwerk IPO open date is October 15, 2026 and the IPO will close on October 19, 2026. Zetwerk IPO is a Book built Issue. The company to raise around ₹5,012.3 crores via IPO that comprises fresh issue of ₹2,830 crores and offer for sale up to 14,45,25,036 equity shares with face value of ₹1 each.

Zetwerk Manufacturing IPO price band is ₹143 to ₹151 per share. The retail quota is 10%, QIB is 75%, and HNI is 15%. Zetwerk Manufacturing IPO to list on BSE, NSE on October 23, 2026. The allotment of Zetwerk Manufacturing IPO date is October 21, 2026.

The company reported revenue of ₹16100.63 crores in 2026 against ₹11492.23 crores in 2025. The company reported loss of ₹1606.17 crores in 2026 against loss of ₹370.71 crores in 2025. As per the financials, the IPO investors should apply the IPO for a long term.

IPO Details

Zetwerk Manufacturing IPO Details and Specifications
IPO Date	15 Oct 2026 to 19 Oct 2026
Face Value	₹1 Per Share
Price Band	₹143.00 - ₹151.00
Lot Size	99 Shares
Total Issue Size	Approx 5012.00 Cr 33,20,07,155 Equity Shares
Fresh Issue	Approx 2830.00 Cr 18,74,82,119 Equity Shares
Offer for Sale	Approx 2182.00 Cr 14,45,25,036 Equity Shares
Retail Portion	10%
Sale Type	Offer for sale
Issue Type	Book-Building IPO
Listing Date	23 Oct 2026
Listing At	BSE & NSE
Employee Discount	₹14.00 Per Share
Total Subscription Amount	₹868.34 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	24,84,80,366	75.00%
- Anchor	14,90,88,220	0.00%
- QIB (Ex. Anchor)	9,93,92,146	0.00%
NII	4,96,96,073	15.00%
- bNII > ₹10L	3,31,30,716	0.00%
- sNII < ₹10L	1,65,65,358	0.00%
Retail	3,31,30,716	10.00%
Employees	7,00,000	0.00%
Total	18,29,18,935	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	1	99	₹14,949
Individual investors (Retail) (Max)	13	1,287	₹1,94,337
S-HNI (Min)	14	1,386	₹2,09,286
S-HNI (Max)	66	6,534	₹9,86,634
B-HNI (Min)	67	6,633	₹10,01,583

About Company

Incorporated in 2018, Zetwerk is one of the growing Indian B2B (business-to-business) manufacturing companies that uses technology to supply various types of industrial products to various industries such as electronics, renewable energy, aerospace and defence, capital goods, and precision manufacturing.

It is a Bengaluru-based firm that follows an asset-light model and offers end-to-end solutions, such as design, supplier matching, quality control, and logistics. The firm basically helps businesses get their electronics industrial products manufactured, filling the gap between businesses and manufacturers. The firm has a presence in over 25 countries and a network of 10,000+ suppliers and 1,100+ customers. Moreover, Zetwerk operates 20+ manufacturing facilities across India, the United States, and Mexico.

Contact Details

Zetwerk Manufacturing Business Ltd.

84/1, Vaishnavi Sovereign

Ground & 1st Floor, Green Glen Layout,

Bellandur,

Bangalore Urban, Karnataka, 560103

+91 7624 9748 90

cs@zetwerk.com

Visit Website

Registrar

KFin Technologies Limited

+91 40 6716 222

zetwerk.ipo@kfintech.com

Lead Managers

Avendus Capital Pvt Ltd

Goldman Sachs (India) Securities Pvt Ltd

Hsbc Securities & Capital Markets Pvt Ltd

JM Financial Ltd

Kotak Mahindra Capital Company Ltd

Morgan Stanley India Company Pvt Ltd

Pantomath Capital Advisors Pvt Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
21-Oct-2026 11:35 AM	+₹2	₹153	+1.32%	₹198
20-Oct-2026 11:35 AM	+₹2	₹153	+1.32%	₹198
19-Oct-2026 11:34 AM	+₹5	₹156	+3.31%	₹495
17-Oct-2026 07:24 AM	+₹5	₹156	+3.31%	₹495
16-Oct-2026 05:14 PM	+₹11	₹162	+7.28%	₹1,089
15-Oct-2026 05:55 PM	+₹15	₹166	+9.93%	₹1,485
14-Oct-2026 05:09 PM	+₹23	₹174	+15.23%	₹2,277
13-Oct-2026 05:30 PM	+₹20	₹171	+13.25%	₹1,980
12-Oct-2026 05:26 PM	+₹13	₹164	+8.61%	₹1,287
11-Oct-2026 05:00 PM	+₹30	₹181	+19.87%	₹2,970
10-Oct-2026 05:39 PM	+₹0	₹151	+0.00%	₹0
09-Oct-2026 08:00 PM	+₹0	₹151	+0.00%	₹0
08-Oct-2026 10:00 AM	+₹0	₹151	+0.00%	₹0
07-Oct-2026 10:00 AM	+₹0	₹151	+0.00%	₹0
06-Oct-2026 06:09 PM	+₹0	₹151	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	0.37x	9,93,92,146	3,66,64,155	₹553.63 Cr
NII	0.17x	4,96,96,073	83,66,292	₹126.33 Cr
bNII > ₹10L	0.18x	3,31,30,716	58,23,279	₹87.93 Cr
sNII < ₹10L	0.15x	1,65,65,358	25,43,013	₹38.40 Cr
Retail	0.37x	3,31,30,716	1,21,36,905	₹183.27 Cr
Employees	0.48x	7,00,000	3,38,778	₹5.12 Cr
Total	0.31x	18,29,18,935	5,75,06,130	₹868.34 Cr

Objects of the Issue

01 Repayment/prepayment, in part or full, of certain of or all of borrowings availed by the company : 1250.00 Cr
02 Repayment/prepayment, in part or full, of certain of or all of borrowings availed by certain of the Subsidiaries, namely, (i) Sharp Tanks and Structurals Private Limited; (ii) Terra91 International Private Limited; (iii) Smile Electronics Limited; (iv) Kryfs Power Components Limited; (v) Kryfs Transformers Private Limited; (vi) Unimacts Global LLC; (vii) Zetwerk Manufacturing SG Pte. Ltd.; (viii) Zap91 Solar India Private Limited; and (ix) Zet Town India Private Limited through investments in such Subsidiaries; and : 550.00 Cr
03 Funding inorganic growth through unidentified acquisitions and other strategic acquisitions, and general corporate purposes : - Cr

Company Financials

Period Ended	30 JUN 2026	31 MAR 2026	31 MAR 2025	31 MAR 2024
Total Income	4195.70	16100.63	11492.23	12523.46
Profit After Tax	-732.98	-917.95	-370.71	-917.95
EBITDA	103.16	421.34	322.59	97.03
NET Worth	4094.13	4813.72	4453.76	4062.46
Reserves and Surplus	-771.23	4025.00	4355.22	4025.00
Total Borrowing	1942.19	1936.16	1746.55	1232.10

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2026
ROCE	-
Debt/Equity Ratio	–
Return on Net Worth (RoNW)	(21.11)%
PAT Margin	-
EBITDA Margin	2.65%
Net Asset Value (NAV)	₹31.26
Earning Per Share (EPS)	₹(6.69) (Basic)
Price/Earning P/E Ratio	N/A

Peer Comparison

Peer comparison data will be updated soon.

Promoters and Holding Pattern

Amrit Pratik Acharya and Srinath Ramakkrushnan is the company's promoter of Zetwerk Manufacturing.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	15.86%	11.36%
Others*	84.14%	88.64%

Strengths

As of March 2026, its manufacturing platform has served 1,802 customers, supported by 6,979 third-party suppliers across 26 countries and 26 owned manufacturing facilities across four countries.
Its hybrid, technology-driven manufacturing platform combines third-party manufacturers and its own manufacturing facilities.
Its proprietary Zetwerk OS technology effectively manages workflow across the manufacturing lifecycle, covering enquiry management, supplier recommendation and evaluation, design for manufacturing, order management, production planning, quality management, inventory tracking, and logistics coordination.
The firm has established strong customer relationships, with repeat customers contributing a significant share of manufacturing revenue.

Risks

The company reported losses of ₹964.39 crore in FY26, ₹215.07 crore in FY25, and ₹852.53 crore in FY24. If the losses continue in the future, they can negatively impact the company’s business and cash flow.
Zetwerk depends on third-party suppliers for manufacturing and raw materials. Issues like supply delays, changes in trade rules and currency exchange rates, or sudden volatility in prices can badly affect its business, profits, cash flow, and future growth.
Most of its revenue depends on industries such as renewable energy, AI infrastructure, oil and gas, consumer electronics, and defence and aerospace. If any of the industries slow down, it can adversely affect the business operations and financial condition.
The company’s 82.54% revenue comes from India and 14.33% revenue from the USA. Issues like economic conditions or government regulations in India and the USA can badly affect the company’s revenue and overall business.

Frequently Asked Questions (FAQ)

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About Zetwerk Manufacturing IPO

IPO Details

Zetwerk Manufacturing IPO Details and Specifications
IPO Date	15 Oct 2026 to 19 Oct 2026
Face Value	₹1 Per Share
Price Band	₹143.00 - ₹151.00
Lot Size	99 Shares
Total Issue Size	Approx 5012.00 Cr 33,20,07,155 Equity Shares
Fresh Issue	Approx 2830.00 Cr 18,74,82,119 Equity Shares
Offer for Sale	Approx 2182.00 Cr 14,45,25,036 Equity Shares
Retail Portion	10%
Sale Type	Offer for sale
Issue Type	Book-Building IPO
Listing Date	23 Oct 2026
Listing At	BSE & NSE
Employee Discount	₹14.00 Per Share
Total Subscription Amount	₹868.34 Cr

Investor Category

Shares Offered

% Net Issue

QIB

24,84,80,366

75.00%

- Anchor

14,90,88,220

0.00%

- QIB (Ex. Anchor)

9,93,92,146

0.00%

NII

4,96,96,073

15.00%

- bNII > ₹10L

3,31,30,716

0.00%

- sNII < ₹10L

1,65,65,358

0.00%

Retail

3,31,30,716

10.00%

Employees

7,00,000

0.00%

Total

18,29,18,935

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

₹14,949

Individual investors (Retail) (Max)

1,287

₹1,94,337

S-HNI (Min)

1,386

₹2,09,286

S-HNI (Max)

6,534

₹9,86,634

B-HNI (Min)

6,633

₹10,01,583

About Company

Contact Details

Zetwerk Manufacturing Business Ltd.

84/1, Vaishnavi Sovereign

Ground & 1st Floor, Green Glen Layout,

Bellandur,

Bangalore Urban, Karnataka, 560103

+91 7624 9748 90

cs@zetwerk.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

21-Oct-2026 11:35 AM

+₹2

₹153

+1.32%

₹198

20-Oct-2026 11:35 AM

+₹2

₹153

+1.32%

₹198

19-Oct-2026 11:34 AM

+₹5

₹156

+3.31%

₹495

17-Oct-2026 07:24 AM

+₹5

₹156

+3.31%

₹495

16-Oct-2026 05:14 PM

+₹11

₹162

+7.28%

₹1,089

15-Oct-2026 05:55 PM

+₹15

₹166

+9.93%

₹1,485

14-Oct-2026 05:09 PM

+₹23

₹174

+15.23%

₹2,277

13-Oct-2026 05:30 PM

+₹20

₹171

+13.25%

₹1,980

12-Oct-2026 05:26 PM

+₹13

₹164

+8.61%

₹1,287

11-Oct-2026 05:00 PM

+₹30

₹181

+19.87%

₹2,970

10-Oct-2026 05:39 PM

+₹0

₹151

+0.00%

₹0

09-Oct-2026 08:00 PM

+₹0

₹151

+0.00%

₹0

08-Oct-2026 10:00 AM

+₹0

₹151

+0.00%

₹0

07-Oct-2026 10:00 AM

+₹0

₹151

+0.00%

₹0

06-Oct-2026 06:09 PM

+₹0

₹151

+0.00%

₹0

Zetwerk Manufacturing IPO Details

About Zetwerk Manufacturing IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Zetwerk Manufacturing IPO open and close?

What is Zetwerk Manufacturing IPO price band?

What is the Zetwerk Manufacturing IPO lot size?

What is the Zetwerk Manufacturing IPO allotment date?

What is the Zetwerk Manufacturing IPO listing date?

What is the minimum investment required in Zetwerk Manufacturing IPO?

Join the discussion

Zetwerk Manufacturing IPO Details

About Zetwerk Manufacturing IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Zetwerk Manufacturing IPO open and close?

What is Zetwerk Manufacturing IPO price band?

What is the Zetwerk Manufacturing IPO lot size?

What is the Zetwerk Manufacturing IPO allotment date?

What is the Zetwerk Manufacturing IPO listing date?

What is the minimum investment required in Zetwerk Manufacturing IPO?

Join the discussion