Zetwerk IPO priced at ₹143–₹151, targets $2.7 billion value
B2B manufacturing platform Zetwerk has priced its upcoming IPO at ₹143–₹151 per share, aiming to raise up to ₹5,012 crore and reach a post-issue valuation near $2.7 billion. Most of the fresh funds—about ₹2,160 crore—will pay down debt. The public issue opens October 15 and closes October 19. Zetwerk will also use proceeds for acquisitions. Promoters and top early investors are selling part of their stakes.
- IPO price band set at ₹143–₹151 per share
- Total issue size up to ₹5,012 crore
- Debt repayment is the largest use of new funds
- Anchor investor bidding opens October 14
- Promoters and early investors selling major stakes
Sources covering this
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