Zetwerk, a B2B technology-led contract manufacturing platform, has filed up to date IPO paperwork with SEBI for a proposed public providing that features a recent difficulty of shares value as much as Rs 2,600 crore.

The Bengaluru-based firm’s Up to date DRHP-I is dated 13 August 2026. The IPO may even embody a proposal on the market of as much as 96.84 million fairness shares by present shareholders. The shares are proposed to be listed on the BSE and NSE.

Promoters Amrit Pratik Acharya and Srinath Ramakkrushnan will every provide as much as 14.23 million shares, whereas promoter group entity Creovate Innovation Personal Restricted will promote as much as 22.97 million shares.

Collectively, the three will provide as much as 51.44 million shares, accounting for simply over 53% of the utmost variety of shares within the OFS. Different promoting shareholders embody Peak XV Companions Investments V, Accel India V (Mauritius), Lightspeed Enterprise Companions Choose IV Mauritius, Lightspeed India Companions II and Kae Capital Fund II.

Zetwerk can also elevate as much as Rs 520 crore by means of a pre-IPO placement earlier than submitting its Purple Herring Prospectus with the Registrar of Firms. If the position is accomplished, the quantity raised will probably be deducted from the recent difficulty.

The corporate plans to make use of Rs 1,250 crore of the web proceeds to repay or prepay sure borrowings on the firm degree and one other Rs 550 crore in direction of borrowings at specified subsidiaries.

The remaining proceeds are meant to fund inorganic development by means of unidentified and different strategic acquisitions, in addition to normal company functions.

Zetwerk had earlier submitted its DRHP to SEBI below the confidential submitting route on 29 March 2026.

Zetwerk reported income from persevering with operations of Rs 15,913.32 crore within the monetary yr ended March 2026, up 40.43% from Rs 11,331.86 crore a yr earlier.

Adjusted EBITDA rose to Rs 421.34 crore from Rs 322.59 crore over the identical interval. Nevertheless, its adjusted EBITDA margin narrowed to 2.65% from 2.85%.

The corporate reported a restated lack of Rs 964.39 crore from persevering with operations in FY26, in contrast with Rs 215.07 crore in FY25. Its restated loss for the yr, together with discontinued operations, widened to Rs 1,606.17 crore from Rs 370.71 crore.

Its income from Zetwerk’s manufacturing enterprise rose 50.02% to Rs 9,374.68 crore in FY26 from Rs 6,249.10 crore a yr earlier. Power Merchandise was its largest manufacturing vertical, producing Rs 6,507.57 crore throughout the yr.

Its manufacturing order e-book stood at Rs 12,370.01 crore in FY26, in contrast with Rs 8,628.98 crore in FY25 and Rs 6,169.75 crore in FY24. Worldwide markets accounted for 29.60% of producing enterprise income in FY26.

As of 31 March 2026, it had 26 owned manufacturing amenities throughout India, Spain, Germany and the US, supported by 6,979 third-party suppliers throughout 26 international locations.