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Zetwerk IPO: $3.2B Valuation Aims for Global Investors
12 Oct
Summary
- Zetwerk seeks ₹25,583 crore ($3.2 billion) valuation in its IPO.
- The IPO opens for subscription October 15 and closes October 19.
- Company revenue rose 40% in FY26, but net loss increased significantly.
Zetwerk Manufacturing Businesses Ltd is targeting a valuation of ₹25,583 crore ($3.2 billion) for its initial public offering (IPO), with subscriptions opening on October 15 and closing on October 19, 2026. The company has expanded the IPO size to ₹5,012 crore, increasing the fresh issue component and the offer for sale.
This valuation aims to attract global shareholders for long-term investment. The company's strategy post-IPO will focus on its existing business, which sees strong repeat customer engagement and increased spending. Revenue for fiscal year 2025-26 rose 40% to ₹15,913 crore, though net loss grew to ₹1,606 crore.
Zetwerk has discontinued its non-core civil infrastructure business, for which it is seeking buyers. The company anticipates improved profitability as operations scale, with operating margins projected to increase from approximately 1% in FY24 to 2.5-3%.
