Zetwerk sets Rs 143-151 IPO band, eyes Rs 25,583 crore valuation
Zetwerk has set its IPO price band at Rs 143-151 per share, targeting a valuation of Rs 25,583 crore. The offering includes a Rs 2,830 crore fresh issue and an Rs 2,182 crore offer for sale of 144.5 million shares, totaling Rs 5,012 crore.
The size of the offering reflects the company’s role in connecting buyers with manufacturers, a segment that has grown amid supply chain shifts. Unlike recent IPOs in consumer-facing sectors—such as Snapdeal’s Rs 420 crore offering or Garuda Aerospace’s $10 million pre-IPO round—Zetwerk’s focus on industrial procurement may attract different investor priorities.
The fresh capital will likely support expansion, while the OFS suggests existing shareholders are taking an exit. With manufacturing scaling in focus, the IPO’s performance could show how investors view platforms enabling industrial digitization. Subscription trends and post-listing activity may offer clues about broader market sentiment.
Sources: economictimes.indiatimes.com
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- Zetwerk sets IPO price band at Rs 143-151, seeks Rs 25,583 crore valuation — economictimes.indiatimes.com
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