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Zetwerk Gears Up for IPO: Sebi Greenlights Manufacturing Platform's Public Debut
10 Jul
Summary
- Zetwerk, a tech-enabled manufacturing platform, has received Sebi approval for its IPO.
- The IPO will consist of a mix of fresh share issuance and an offer for sale.
- The company serves key sectors including energy, defence, and aerospace.
Zetwerk, a prominent technology-enabled manufacturing platform, has received a significant boost with approval from the Securities and Exchange Board of India (Sebi) for its Initial Public Offering (IPO).
This upcoming public offering is slated to include a combination of newly issued shares and an offer for sale from its current investors. The precise size and valuation of the IPO will be determined through the book-building process, a standard procedure for public market debuts.
Established in 2018, Zetwerk caters to critical industries including energy, electronics, defence, and aerospace. Its investor base includes notable venture capital firms and individual investors, highlighting the company's strong backing.
Earlier this year, Zetwerk had filed its draft red herring prospectus (DRHP) with Sebi. Discussions were also underway for a pre-IPO funding round aiming to raise approximately Rs 500 crore at a valuation of Rs 25,000-26,000 crore.
