Zetwerk launches IPO October 15 with ₹2,830cr fresh issue
Zetwerk, the manufacturing platform backed by big names like Peak XV and Accel, is launching its IPO on October 15.
The offer includes new shares worth ₹2,830 crore plus a big chunk for sale by existing investors.
If you're an institutional investor, you get early access on October 14; everyone else can apply until October 19.
Zetwerk to use ₹2,160cr for debt
Most of the IPO funds (₹2,160 crore) are set aside for paying off debt, and the remaining fresh-issue proceeds are for fueling growth.
Shares are split up mainly for institutional buyers (75%), but retail investors and employees have their own slice too.
Zetwerk works with sectors like aerospace and renewable energy (think clients like Siemens Gamesa), but even with growing revenues (₹15,913.3 crore in the financial year ended March 2026), they reported a net loss of ₹1,606.1 crore in the financial year ended March 2026.
Shares are expected to hit stock exchanges by October 23.