Zetwerk Manufacturing valued near ₹26,000 cr opens IPO Oct 15
Business
Zetwerk Manufacturing is opening its IPO on October 15, with shares priced between ₹143 and ₹151 each, putting the company's value close to ₹26,000 crore.
The offer includes both new shares (₹2,830 crore) and some existing ones being sold off (₹2,182.3 crore).
Zetwerk IPO: 99-share minimum, retail 10%
If you're thinking of applying, the minimum is 99 shares (about ₹14,949). Retail investors get 10% of the pie, while most of it goes to big institutional buyers.
Eligible employees will also avail a discount of ₹14 per share.
The IPO closes on October 19; allotment happens October 21, and listing is set for October 23 on BSE and NSE.
Promoters Amrit Pratik Acharya and Srinath Ramakrishnan are among those selling shares this time around.