Business · India Bureau
Zetwerk secures ₹2,251 crore from anchor investors for IPO
The manufacturing technology platform has allocated shares at the upper end of its price band ahead of its ₹5,012-crore initial public offering. The move signals strong institutional confidence in the company's business model.
LSN India ·
Zetwerk has raised ₹2,251 crore from anchor investors by allotting 14.91 crore equity shares at ₹151 per share, marking a significant milestone in its journey to the public markets. The allocation, which went to 99 institutional funds, was priced at the upper end of the company's ₹145-₹151 price band, underscoring robust demand from marquee investors.
The Bangalore-based digital manufacturing platform, which connects customers with a network of manufacturers for production services, has positioned itself as a critical player in India's industrial digitalization story. The strong anchor book reflects growing investor appetite for manufacturing-focused technology companies as India seeks to decouple supply chains and strengthen its industrial base.
The ₹5,012-crore IPO will be among the larger listings in the Indian technology sector this year. Proceeds from the offering are expected to strengthen Zetwerk's balance sheet, fund technology development, and support its expansion across India and internationally.
The allocation at the price band's upper end suggests that institutional investors view Zetwerk's valuation favorably, betting on the company's ability to scale its platform and improve profitability. The IPO timeline will proceed as planned, with share allotments and listing scheduled in the coming weeks, pending regulatory approvals and market conditions.