Bengaluru-based manufacturing platform Zetwerk has set a worth band of Rs 143-151 per share for its IPO, which is predicted to be value round Rs 5,012 crore on the higher finish of the worth band.

The general public concern values the corporate at roughly Rs 25,583 crore on the higher finish of the vary.

The IPO will open for subscription on October 15 and shut on October 19, 2026, whereas bidding for anchor buyers will happen on October 14. The corporate’s shares are anticipated to checklist on the BSE and NSE on October 23.

Zetwerk expands IPO measurement

In accordance with its RHP, the IPO includes a contemporary concern of shares value Rs 2,830 crore and a proposal on the market (OFS) of roughly 14.45 crore shares by promoters and current investors, valued at round Rs 2,182 crore on the higher finish of the worth band.

The corporate has elevated the contemporary concern measurement from Rs 2,600 crore proposed in its up to date DRHP filed in August. The OFS element has additionally expanded by about 49% from the beforehand proposed 9.68 crore shares.

Among the many promoters, Amrit Pratik Acharya and Srinath Ramakkrushnan will every promote as much as 1.42 crore shares, whereas promoter group entity Creovate Innovation will offload as much as 2.30 crore shares.

Current buyers are additionally taking part within the share sale. Lightspeed Enterprise Companions plans to promote roughly 2.51 crore shares, adopted by Peak XV Companions with 2.34 crore shares and Accel India V with as much as 1.2 crore shares. Kae Capital can be among the many promoting shareholders.

The proceeds from the OFS will go to the promoting shareholders reasonably than the corporate.

How Zetwerk plans to make use of the IPO proceeds

Zetwerk plans to allocate Rs 2,160 crore from the contemporary concern proceeds in the direction of compensation or prepayment of excellent borrowings.

Of this, Rs 1,300 crore can be used to repay debt on the firm degree, whereas one other Rs 860 crore will go in the direction of borrowings at 9 subsidiaries.

The remaining internet proceeds can be used to pursue unidentified acquisitions, different strategic investments and basic company functions, based on the corporate’s provide paperwork.

Income rises 40% in FY26, however losses widen

Zetwerk reported income from persevering with operations of Rs 15,913.3 crore within the monetary yr ended March 2026 (FY26), a rise of 40.4% from Rs 11,331.9 crore in FY25.

Nevertheless, its consolidated internet loss widened to Rs 1,606.2 crore from Rs 370.7 crore within the earlier monetary yr.

The rise in losses was largely pushed by distinctive objects, together with a non-cash accounting cost associated to changes within the conversion ratios of various courses of shares and an impairment loss related to its discontinued civil infrastructure enterprise.

The corporate’s monetary efficiency improved within the April-June quarter of FY27, with income from operations rising 55.4% year-on-year to Rs 4,117.9 crore from Rs 2,649.4 crore.

Its loss from persevering with operations narrowed to roughly Rs 64.1 crore from Rs 881 crore within the corresponding quarter a yr earlier.

Nevertheless, its total consolidated internet loss, together with discontinued operations, stood at Rs 732.9 crore, in contrast with Rs 1,368.4 crore within the year-ago interval.

Zetwerk operates a technology-led manufacturing platform that connects companies with producers and suppliers via a community of third-party companions and its personal manufacturing services.

The corporate serves prospects throughout industries together with renewable vitality, client electronics, AI infrastructure, aerospace, defence, oil and fuel, and industrial automation.