Zetwerk Manufacturing Businesses Ltd IPO

Zetwerk Manufacturing Businesses Ltd IPO

We are a technology-led, asset-light manufacturing platform for industrial and consumer goods in India and globally. We aggregate manufacturing capacity across a network of third-party suppliers and our own facilities into a universal factory, unified through Zetwerk OS, our proprietary technology backbone. Our customers range across sizes, from innovative startups to mature companies, and across industries, including utilities, renewables, consumer electronics, artificial intelligence infrastructure, aerospace, space & defence, oil & gas, and industrial automation. Some of our customers include Siemens Gamesa, Acer India Private Limited, boAt, NextPower (formerly Nextracker), CG Power and Industrial Solutions Limited, NTPC Renewable Energy Limited, L&T MHI Power Boiler Pvt Ltd, DRDO (Electronics & Radar Development Establishment (LRDE)), National Aluminium Company Limited, Indian Oil Corporation Limited, Mortenson, Nordex Acciona, Indian Air Force, and Numaligarh Refinery Limited. Third-party suppliers with whom we work have capabilities in manufacturing processes, including sheet metal stamping, metal fabrication, injection moulding, extrusions, assembly, die casting, forging, grinding and machining, and span several countries, including industrial geographies such as India, Vietnam, Thailand, Taiwan, Germany, Spain, Eastern Europe, Mexico and the USA. Since our incorporation we have cumulatively delivered products and raw materials worth Rs.695,878.06 million in terms of GMV to our customers.

Zetwerk Manufacturing Businesses Ltd IPO Details

Total Shares Offered

TBA

Offer to Public

TBA

Retail Max (Shares)

TBA

Pre Issue Promoters Holding

TBA

Exchange

DBC

Issue size

₹ 5013.31 Cr

IPO Open Date

Oct 15, 2026

Close Date

Oct 19, 2026

Lot Size

99

Min Investment

₹ 14,157

Issue Type

Book Building

Listing Date

Oct 23, 2026

Zetwerk Manufacturing Businesses Ltd IPO Dates

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Oct 15, 2026
Opening date
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Oct 19, 2026
Closing date
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Oct 21, 2026
Basis of Allotment
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Oct 22, 2026
Initiation of Refunds
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Oct 22, 2026
Credit of Shares
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Oct 23, 2026
Listing date

Details

SectorType
SectorMining
Sub SectorMinerals
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Zetwerk Manufacturing Businesses Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations-33.84-514.24-44.58
EBITDA14.99-401.72-21.08
PAT-82.67-674.28-49.12
Total Assets6,116.526,624.086,135.30
Share Capital56.5640.2612.45
Total Borrowings3,752.024,119.782,475.10
Operating Activities (Net Cash)-33.84-561.76-25.62
Investing Activities (Net Cash)1,121.96929.49954.78
Financing Activities (Net Cash)3,752.024,119.782,475.10
Net Cashflow1,502.421,004.261,877.01

About Zetwerk Manufacturing Businesses Ltd

Our Company was originally incorporated at Chennai, Tamil Nadu as `Zetwerk Manufacturing Businesses Private Limited' as a private limited company under the provisions of the Companies Act, 2013, pursuant to a certificate of incorporation dated December 6, 2017, issued by the Registrar of Companies, Central Registration Centre (RoC CRC). Subsequent to a change in our registered office from the state of Tamil Nadu to the state of Karnataka pursuant to the Board resolution dated April 11, 2019, and the special resolution passed by our Shareholders on May 6, 2019 and confirmation of such alteration by an order dated September 13, 2019 passed by regional director, a fresh certificate of registration dated October 15, 2019, was issued by the Registrar of Companies, Karnataka at Bangalore. Subsequently, our Company was converted from a private limited company to a public limited company and the name of our Company changed from `Zetwerk Manufacturing Businesses Private Limited' to Zetwerk Manufa cturing Businesses Limited', pursuant to a Board resolution dated January 23, 2026, and a special resolution dated February 6, 2026, passed by the Shareholders. Accordingly, a fresh certificate of incorporation dated February 23, 2026, was issued by the RoC, CRC.

We are a technology-led, asset-light manufacturing platform for industrial and consumer goods in India and globally. We aggregate manufacturing capacity across a network of third-party suppliers and our own facilities into a universal factory, unified through Zetwerk OS, our proprietary technology backbone. Our customers range across sizes, from innovative startups to mature companies, and across industries, including utilities, renewables, consumer electronics, artificial intelligence infrastructure, aerospace, space & defence, oil & gas, and industrial automation. Some of our customers include Siemens Gamesa, Acer India Private Limited, boAt, NextPower (formerly Nextracker), CG Power and Industrial Solutions Limited, NTPC Renewable Energy Limited, L&T MHI Power Boiler Pvt Ltd, DRDO (Electronics & Radar Development Establishment (LRDE)), National Aluminium Company Limited, Indian Oil Corporation Limited, Mortenson, Nordex Acciona, Indian Air Force, and Numaligarh Refinery Limited. Third-party suppliers with whom we work have capabilities in manufacturing processes, including sheet metal stamping, metal fabrication, injection moulding, extrusions, assembly, die casting, forging, grinding and machining, and span several countries, including industrial geographies such as India, Vietnam, Thailand, Taiwan, Germany, Spain, Eastern Europe, Mexico and the USA. Since our incorporation we have cumulatively delivered products and raw materials worth Rs.695,878.06 million in terms of GMV to our customers.

Peer Comparison:

  • No listed in Industry Peers

Zetwerk Manufacturing Businesses Ltd Key Points

Strengths

Our unique business model enables us to serve multiple demand pools and makes us resilient across economic cycles

Ability to scale in a capital-efficient manner.

Zetwerk OS, our proprietary technology enables end-to-end workflow management across the manufacturing lifecycle while driving powerful network effects across our operations.

Deep relationships with customers driving higher revenue visibility and stickiness.

Ability to add value-additive ecosystem services to our manufacturing platform.

Risk

The company incurred restated loss for the year from continuing operations of Rs.9,643.93 million, Rs.2,150.69 million and Rs.8,525.31 million for Fiscals 2026, 2025 and 2024, respectively, and certain of its Subsidiaries have incurred losses in the past. Any similar losses in the future may adversely affect the company's business, financial condition and cash flows.

The company relies on third-party suppliers for manufacturing and raw materials, and exposure to price volatility, capacity and quality issues, supply disruptions, and trade and foreign exchange risks could adversely affect the company's business, financial condition, cash flows, results of operations and prospects.

The company is dependent on the performance of the industries its customers operates in, including renewables, artificial intelligence infrastructure, oil & gas, consumer electronics, and defence & aerospace industries, and a downturn in any of these industries could adversely affect the company's business.

Strategy

Increase wallet share with customers

Gain customers in rapidly expanding industries

Continue to diversify into new industries ahead of demand inflections

Continue to expand geographically

Increase design-led manufacturing and original design manufacturing

How To Apply for Zetwerk Manufacturing Businesses Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Zetwerk Manufacturing Businesses Ltd IPO?

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Zetwerk Manufacturing Businesses Ltd's IPO offers shares for up to 0 It begins on Oct 15, 2026 and ends on Oct 19, 2026.

What is the price of the Zetwerk Manufacturing Businesses Ltd IPO?

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The price of Zetwerk Manufacturing Businesses Ltd IPO ranges between ₹143 to ₹151 per share.

What are the open and close dates for the Zetwerk Manufacturing Businesses Ltd IPO?

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The Zetwerk Manufacturing Businesses Ltd IPO opens on Oct 15, 2026 and closes on Oct 19, 2026.

When will the Zetwerk Manufacturing Businesses Ltd IPO be allotted?

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The allotment for the Zetwerk Manufacturing Businesses Ltd IPO will be finalised on Oct 21, 2026. The shares will be listed on BSE and NSE on Oct 23, 2026.

What is the minimum lot size required for Zetwerk Manufacturing Businesses Ltd IPO?

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The minimum lot size for Zetwerk Manufacturing Businesses Ltd IPO is 99 shares, priced between ₹143 to ₹151 per share.

What is the GMP of Zetwerk Manufacturing Businesses Ltd IPO?

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The GMP (Grey Market Premium) of Zetwerk Manufacturing Businesses Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Zetwerk Manufacturing Businesses Ltd IPO?

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To check the allotment status of Zetwerk Manufacturing Businesses Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Zetwerk Manufacturing Businesses Ltd IPO getting listed?

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The Zetwerk Manufacturing Businesses Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Oct 15, 2026, and closes on Oct 19, 2026. The allotment is finalised on Oct 21, 2026.

How do you apply for the Zetwerk Manufacturing Businesses Ltd IPO?

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To apply for the Zetwerk Manufacturing Businesses Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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