[Update] Zetwerk Shares End Debut Session 8.4% Below Issue Price On BSE

source: news (news:india-inc42)published 2026-10-23 04:37ingested 2026-10-23 15:34

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Update | October 23, 2026, 18:07 IST B2B manufacturing company Zetwerk’s shares closed their debut session at ₹138.30 on the BSE, down 8.4% from the issue price of ₹151 and 13% from the listing price of ₹159. On the NSE, the stock closed at ₹138.25, down 8.4% from the issue price and 13.2% from the listing price of ₹159.25. The shares touched intraday highs of ₹160.50 on the BSE and ₹161 on the NSE, before falling to lows of ₹127.20 and ₹127.40, respectively. At the BSE closing price, Zetwerk’s market capitalisation stood at ₹23,431.54 Cr ($2.4 Bn). Original | October 23, 2026, 10:00 IST B2B manufacturing company Zetwerk made its stock market debut at a 5.46% premium on the NSE at ₹159.25 against its issue price of ₹151. On the BSE, the shares listed at ₹159, up 5.3% from the issue price. The listing followed Zetwerk’s ₹5,012.3 Cr IPO, which opened for subscription on October 15 and closed on October 19. The company had set a price band of ₹143-₹151 per share. Ahead of the public issue, Zetwerk raised ₹2,251.2 Cr from anchor investors by allotting 14.91 Cr equity shares at ₹151 apiece on October 14. The IPO comprised a fresh issue of ₹2,830 Cr and an offer for sale (OFS) of 14.45 Cr shares worth ₹2,182.3 Cr. At the issue price, Zetwerk’s post-issue valuation stood at around ₹25,583 Cr. Zetwerk increased the fresh issue from the ₹2,600 Cr proposed in its updated draft red herring prospectus (UDRHP). The OFS component also rose 49.2% from around 9.7 Cr shares. Promoters and cofounders Amrit Pratik Acharya and Srinath Ramakkrushnan each offered to sell up to 1.42 Cr shares. Other selling shareholders included promoter group entity Creovate Innovation and funds associated with Peak XV Partners, Accel India, Lightspeed Venture Partners, and Kae Capital. Kae Capital Fund II and Kalysta Capital Fund II bagged 38.3X returns on shares sold through the OFS, pocketing ₹196.3 Cr and ₹63.3 Cr, respectively. Lightspeed’s funds collectively received around ₹440 Cr, while Peak XV’s funds realised ₹359.3 Cr from their share sales. Zetwerk has earmarked ₹2,160 Cr from the fresh issue to repay or prepay borrowings of the company and certain subsidiaries, with the remaining proceeds allocated to acquisitions and general corporate purposes. The company confidentially filed its draft IPO papers in March and submitted its UDRHP in August. Revenue Rises, Loss Widens Zetwerk’s operating revenue grew 40.4% to ₹15,913.3 Cr in FY26 from ₹11,331.9 Cr in the previous year. However, its net loss, including discontinued operations, widened to ₹1,606.2 Cr from ₹370.7 Cr in FY25. The FY26 loss included a ₹796.4 Cr exceptional charge linked to changes in share conversion ratios and a ₹453 Cr impairment charge in its discontinued civil infrastructure business. In Q1 FY27, operating revenue from continuing operations rose 55.4% to ₹4,117.9 Cr from ₹2,649.4 Cr. Its total net loss narrowed 46.4% to ₹733 Cr from ₹1,368.5 Cr in the year-ago quarter. Of the latest quarterly loss, ₹668.9 Cr came from discontinued operations, while continuing operations accounted for ₹64.1 Cr. Founded in 2018, Zetwerk operates a manufacturing platform serving businesses across industrial and consumer goods categories. It combines capacity from third-party suppliers and its own facilities to fulfil orders across renewable energy, consumer electronics, aerospace, defence, oil and gas, and industrial automation. Its customers include Siemens Gamesa, Acer India, boAt, NTPC Renewable Energy, CG Power and Industrial Solutions, and the Indian Air Force. As of June 30, 2026, Zetwerk operated 26 manufacturing facilities across India, the US, Germany, and Spain. The company entered the unicorn club in 2021 after raising $150 Mn. Before its IPO, it had raised over $900 Mn from investors including Peak XV Partners, Lightspeed Venture Partners, Accel India, Greenoaks Capital Partners, and D1 Capital Partners.

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Zetwerk made its stock market debut at a 5.46% premium on the NSE at ₹159.25 against its issue price of ₹151
The listing follows a ₹5,012.3 Cr IPO, with the company planning to use ₹2,160 Cr from the fresh issue proceeds to repay or prepay borrowings
Zetwerk’s operating revenue grew 40.4% to ₹15,913.3 Cr in FY26, while its net loss widened to ₹1,606.2 Cr
Update | October 23, 2026, 18:07 IST
B2B manufacturing company Zetwerk’s shares closed their debut session at ₹138.30 on the BSE, down 8.4% from the issue price of ₹151 and 13% from the listing price of ₹159.
On the NSE, the stock closed at ₹138.25, down 8.4% from the issue price and 13.2% from the listing price of ₹159.25.
The shares touched intraday highs of ₹160.50 on the BSE and ₹161 on the NSE, before falling to lows of ₹127.20 and ₹127.40, respectively.
At the BSE closing price, Zetwerk’s market capitalisation stood at ₹23,431.54 Cr ($2.4 Bn).
Original | October 23, 2026, 10:00 IST
B2B manufacturing company Zetwerk made its stock market debut at a 5.46% premium on the NSE at ₹159.25 against its issue price of ₹151. On the BSE, the shares listed at ₹159, up 5.3% from the issue price.
The listing followed Zetwerk’s ₹5,012.3 Cr IPO, which opened for subscription on October 15 and closed on October 19. The company had set a price band of ₹143-₹151 per share.
Ahead of the public issue, Zetwerk raised ₹2,251.2 Cr from anchor investors by allotting 14.91 Cr equity shares at ₹151 apiece on October 14.
The IPO comprised a fresh issue of ₹2,830 Cr and an offer for sale (OFS) of 14.45 Cr shares worth ₹2,182.3 Cr. At the issue price, Zetwerk’s post-issue valuation stood at around ₹25,583 Cr.
Zetwerk increased the fresh issue from the ₹2,600 Cr proposed in its updated draft red herring prospectus (UDRHP). The OFS component also rose 49.2% from around 9.7 Cr shares.
Promoters and cofounders Amrit Pratik Acharya and Srinath Ramakkrushnan each offered to sell up to 1.42 Cr shares. Other selling shareholders included promoter group entity Creovate Innovation and funds associated with Peak XV Partners, Accel India, Lightspeed Venture Partners, and Kae Capital.
Kae Capital Fund II and Kalysta Capital Fund II bagged 38.3X returns on shares sold through the OFS, pocketing ₹196.3 Cr and ₹63.3 Cr, respectively. Lightspeed’s funds collectively received around ₹440 Cr, while Peak XV’s funds realised ₹359.3 Cr from their share sales.
Zetwerk has earmarked ₹2,160 Cr from the fresh issue to repay or prepay borrowings of the company and certain subsidiaries, with the remaining proceeds allocated to acquisitions and general corporate purposes.
The company confidentially filed its draft IPO papers in March and submitted its UDRHP in August.
Revenue Rises, Loss Widens
Zetwerk’s operating revenue grew 40.4% to ₹15,913.3 Cr in FY26 from ₹11,331.9 Cr in the previous year. However, its net loss, including discontinued operations, widened to ₹1,606.2 Cr from ₹370.7 Cr in FY25.
The FY26 loss included a ₹796.4 Cr exceptional charge linked to changes in share conversion ratios and a ₹453 Cr impairment charge in its discontinued civil infrastructure business.
In Q1 FY27, operating revenue from continuing operations rose 55.4% to ₹4,117.9 Cr from ₹2,649.4 Cr. Its total net loss narrowed 46.4% to ₹733 Cr from ₹1,368.5 Cr in the year-ago quarter.
Of the latest quarterly loss, ₹668.9 Cr came from discontinued operations, while continuing operations accounted for ₹64.1 Cr.
Founded in 2018, Zetwerk operates a manufacturing platform serving businesses across industrial and consumer goods categories. It combines capacity from third-party suppliers and its own facilities to fulfil orders across renewable energy, consumer electronics, aerospace, defence, oil and gas, and industrial automation.
Its customers include Siemens Gamesa, Acer India, boAt, NTPC Renewable Energy, CG Power and Industrial Solutions, and the Indian Air Force. As of June 30, 2026, Zetwerk operated 26 manufacturing facilities across India, the US, Germany, and Spain.
The company entered the unicorn club in 2021 after raising $150 Mn. Before its IPO, it had raised over $900 Mn from investors including Peak XV Partners, Lightspeed Venture Partners, Accel India, Greenoaks Capital Partners, and D1 Capital Partners.