Zetwerk Prepares for Up IPO

Latest update · 9 Oct 2026

Zetwerk Prepares for Up to $525 Million India IPO Launch Next Week

Zetwerk is preparing to launch a $525 million India IPO next week, targeting a Rs 270 billion valuation. Explore issue details, fresh issue size, and managers.

• Zetwerk is preparing to launch an IPO to raise up to $525 million, with the issue expected to open on Oct. 15 and list on Oct. 23.
• The company is targeting a valuation of Rs 270 billion ($2.8 billion) based on preliminary investor meetings.
• The offering comprises a fresh issue worth 26 billion rupees and an offer for sale of up to 96.84 million shares.
• The manufacturing platform operates 26 sites across India, the US, Spain, and Germany, serving utilities, renewable energy, consumer electronics, and AI infrastructure.
• The syndicate managing the offering includes prominent financial institutions such as Kotak Mahindra Capital, Morgan Stanley, Goldman Sachs, and HSBC.