Zetwerk to open IPO on October 15 to raise ₹5,012cr
Business
Zetwerk is opening its IPO on October 15, aiming to raise ₹5,012 crore by selling shares priced between ₹143 and ₹151 each.
Zetwerk revenue rose to ₹15,913cr
The company's business is booming thanks to strong demand for energy equipment like solar panels and transformers, plus a surge in AI infrastructure projects.
In FY26 (the 2025-26 fiscal year), Zetwerk's revenue jumped nearly 40% to ₹15,913 crore, even though it posted a bigger net loss due to one-time, non-cash accounting adjustments and charges associated with its discontinued civil infrastructure business.
With a growing order book (over ₹13,000 crore) and big plans for the funds raised, including paying off debt and supporting expansion, Zetwerk hopes this IPO will fuel its next phase of growth.