Zetwerk Manufacturing Business Ltd.

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Overview

Zetwerk Manufacturing Businesses Limited is a technology-led, asset-light manufacturing platform that coordinates production of industrial and consumer goods by orchestrating a large global network of third-party suppliers along with its own selective facilities through its proprietary Zetwerk OS. The company serves diverse sectors such as utilities, renewables, electronics, aerospace/defence, oil & gas and industrial automation, and also runs a raw-materials and commodities sourcing business (Terra91) that aggregates demand for metals and petrochemicals to enable cost-effective procurement for customers and suppliers.

Opening Date

Oct 15, 2026

Closing Date

Oct 19, 2026

Listing Date

Oct 23, 2026

IPO Type

Mainboard

IPO Status

Upcoming

Issue Size

—

Fresh Issue

2830 Cr

Offer for Sale

0 Cr

Price Band

—

Lot Size

—

Grey Market PremiumGMP

₹15.00

Est. Listing gains

Data not available yet

GMP Trend

Last updated 3 hours ago

IPO Timeline

Oct 15, 2026

Open Date

Oct 19, 2026

Close Date

Oct 21, 2026

Allotment Date

Oct 22, 2026

Initiation of Refunds

Oct 23, 2026

Listing Date

Financials

Revenue

Profit After Tax (PAT)

Use of IPO funds

Total IPO size₹2830 Cr

To selling shareholders₹1000 Cr

Key Performance Indicator

P/E Ratio

—

EPS

—

ROE

-1.74%

ROCE

—

RONW

-1.74%

Debt to Equity Ratio

0.47

PAT Margin

-17.47%

EBITDA Margin

2.46%

P/B

—

Bull vs Bear

Bull case

•
Runs a low-capex model by using third‑party manufacturers, so it can scale volumes faster without tying up huge money in factories.
•
Repeat-customer revenue is high, suggesting the company is becoming a trusted vendor; trust takes years to build and helps win more orders.
•
A large order book can improve planning and factory utilisation, which matters because steady utilisation usually supports better operating efficiency.

Bear case

•
The company has reported losses across multiple periods, which matters because continued losses can force more borrowing or dilution and limit flexibility during slowdowns.
•
Heavy reliance on third‑party suppliers exposes it to price spikes, delays, and quality issues, which can squeeze margins or cause missed deliveries.
•
Revenue depends on customers’ end industries; if renewables, electronics, or oil & gas slow, orders can drop and utilisation can fall, hurting cash flows.

Subscription Rate

Subscription data will be available once the IPO opens.

Application Details

Frequently Asked Questions

The Zetwerk Manufacturing Business Ltd. IPO is scheduled to open for subscription on Oct 15, 2026 and close on Oct 19, 2026. Investors can apply for shares during this period through eligible platforms.

The price band for the Zetwerk Manufacturing Business Ltd. IPO is yet to be announced. Investors can place bids within this range once the issue opens.

The minimum lot size for the Zetwerk Manufacturing Business Ltd. IPO is yet to be announced shares. The minimum investment amount will be known once the price band is finalized.

The total issue size of the Zetwerk Manufacturing Business Ltd. IPO is will be disclosed closer to the issue opening. Issue size represents the total value of shares offered to the public.

As per the latest available information, the Zetwerk Manufacturing Business Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.

The Grey Market Premium (GMP) for the Zetwerk Manufacturing Business Ltd. IPO is ₹15. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.

The shares of Zetwerk Manufacturing Business Ltd. are expected to list on stock exchanges on Oct 23, 2026, subject to completion of the allotment process and regulatory approvals.

The net proceeds from the Zetwerk Manufacturing Business Ltd. IPO are proposed to be used for The objects of the offer are:, Offer for Sale of up to 3,92,54,000 Equity Shares of Face Value of ₹10 each, aggregating up to ₹1,000,000,000., Offer for Sale of up to 17,45,350 Equity Shares of Face Value of ₹10 each, aggregating up to ₹1,000,000,000.

Before applying for the Zetwerk Manufacturing Business Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.