The Zetwerk IPO price band has been fixed at Rs 143 to Rs 151 per share, with the Bengaluru-based manufacturing platform enlarging its total public issue to Rs 5,012 crore at a targeted valuation of Rs 25,583 crore. The subscription window runs from October 15 to October 19, 2026, with listing expected on October 23, according to a YourStory report dated October 12, 2026.
Zetwerk, which is headquartered in Bengaluru and co-founded by promoters Amrit Acharya and Srinath Ramakkrushnan, has increased both the fresh issue and the offer for sale (OFS) portions of the offering. The anchor investor book opens on October 14.
What Are the Key Details of the Zetwerk IPO Price Band and Issue Size?
The fresh issue has been raised from Rs 2,600 crore to Rs 2,830 crore, while the OFS has been expanded from 9.68 crore shares to 14.45 crore shares. Together they make up the Rs 5,012 crore issue. About Rs 2,160 crore of the fresh issue is earmarked for debt repayment, with the balance meant for acquisitions, strategic investments and general corporate purposes.
The key dates reported are: anchor book on October 14, subscription from October 15 to October 19, and expected listing on October 23.
Who Is Selling Shares in the Zetwerk Offer for Sale?
Several early backers and the founders are offloading shares in the OFS. Lightspeed Venture Partners is offering 2.51 crore shares and Peak XV Partners 2.34 crore shares. Accel India is selling 1.2 crore shares, while promoters Amrit Acharya and Srinath Ramakkrushnan are together offering 1.42 crore shares. Promoter group entity Creovate Innovation is offering 2.30 crore shares. Kae Capital has also increased its shares for sale, though the report does not give a figure.
How Have Zetwerk’s Financials Looked Ahead of the IPO?
Zetwerk reported FY26 revenue of Rs 15,913 crore, up 40.4% from Rs 11,332 crore in FY25. Its FY26 loss widened to Rs 1,606.2 crore from Rs 370.7 crore a year earlier, which the report attributes largely to a one-time charge.
The most recent quarter shows a narrower loss. In Q1 FY27, revenue from operations rose 55% year on year to Rs 4,118 crore, while the loss from continuing operations shrank to Rs 64 crore from Rs 881 crore in the same quarter a year earlier.
Industry Reaction and Expert Commentary
The source report did not carry direct quotes from Zetwerk representatives, and it did not name the lead managers to the issue. No grey market premium, analyst rating or trade-body comment on the pricing was available in the material reviewed at the time of writing, so Industrial Front is not reporting any market reaction.
What Happens Next?
Investors should watch the anchor book on October 14, the opening of public subscription on October 15 and its close on October 19. If the timetable holds, shares are expected to list on October 23. Prospective investors should read the red herring prospectus for full risk disclosures; this article is not investment advice.
Frequently Asked Questions
What is the Zetwerk IPO price band?
The price band is Rs 143 to Rs 151 per share. The company targets a valuation of Rs 25,583 crore at the upper end of the issue as reported.
When does the Zetwerk IPO open and close?
Public subscription opens on October 15 and closes on October 19, 2026. The anchor investor book opens a day earlier, on October 14.
How will Zetwerk use the IPO proceeds?
About Rs 2,160 crore of the Rs 2,830 crore fresh issue will go towards debt repayment. The rest is for acquisitions, strategic investments and general corporate purposes.
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