Manufacturing services platform Zetwerk has submitted updated draft papers to the Securities and Exchange Board of India for its proposed initial public offering, aiming to raise Rs 2,600 crore from the primary market. The filing represents a significant milestone in the company’s journey toward a public listing.
The IPO comprises a fresh issue component along with an offer for sale of 96.8 million shares by existing investors, providing an exit window for early backers of the company. Zetwerk operates a digital platform connecting manufacturing companies with suppliers across multiple industrial sectors.
The company’s move to tap public markets comes amid a wave of technology-enabled businesses seeking listings on Indian bourses. Investors will be scrutinising Zetwerk’s growth metrics, path to profitability, and competitive positioning in the manufacturing supply chain space as they evaluate the offering.
