BSE List Price : ₹159.00

NSE List Price : ₹159.25

Subscription

Category	Times
QIBs	4.71x
HNIs	1.45x
Retail	0.76x
Employee	1.06x
Total : 3.10x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	99	₹14,949
Retail Maximum	13	1,287	₹194,337
S - HNI Minimum	14	1,386	₹209,286
S - HNI Maximum	66	6,534	₹986,634
B - HNI Minimum	67	6,633	₹1,001,583

About the Company

Zetwerk Manufacturing Businesses Limited is a Bengaluru-based, technology-led manufacturing platform founded in 2017. It connects industrial and consumer businesses with manufacturing partners to produce customised products at scale. Its business covers manufacturing, supplier coordination, quality control and logistics.

Business Model: Zetwerk follows a managed manufacturing platform model. It works with a network of manufacturing suppliers and its own facilities to fulfil customer orders across multiple industries.

Products & Services

• Renewable energy equipment and components

• Electronics and precision-manufactured products

• Industrial machinery and components

• Aerospace and defence manufacturing

• Oil and gas equipment

• Products for electric vehicles and wearables

• Manufacturing coordination, quality control and logistics services

Customer Base: The company serves industrial and consumer businesses in India and international markets, including customers in energy, electronics and industrial sectors.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹12523.46	₹12847.55	₹-917.95	₹10330.85
2025	₹11492.23	₹11552.03	₹-370.71	₹10355.43
2026	₹16100.63	₹16141.73	₹-1606.17	₹13384.63
June 2026	₹4195.70	₹4239.03	₹-732.98	₹12016.09

Company Promoter

Amrit Pratik Acharya

Srinath Ramakkrushnan

Know before investing

• • Strengths

  • Technology-Led Platform: Uses technology to coordinate manufacturing, suppliers and customer requirements.

  • Multiple Industry Segments: Serves energy, electronics, industrial, aerospace and defence markets.

  • Global Reach: Operates across international markets.

  • Supplier Network: Uses a broad network of manufacturing partners to fulfil varied orders.

  • Revenue Scale: FY2025–26 revenue from operations was reported at 15,913.32 crore

• • Risks

  • Reported Losses: The company reported a loss for FY2025–26, highlighting profitability risk.

  • Working Capital Requirements: Manufacturing orders can require significant funding before customer payments are received.

  • Customer Concentration: A portion of revenue depends on large customers and contracts.

  • Supplier Dependence: Production and delivery may be affected by supplier delays or quality issues.

  • Execution Risk: Large, customised orders can face cost overruns and delivery delays.

  • Global Exposure: Currency fluctuations, trade restrictions and international market conditions may affect operations

Objects of the Issue & Utilisation of proceeds

• Repayment of Company Borrowings: 1,300 crore

• Repayment of Subsidiary Borrowings: 860 crore

• Inorganic Growth: Funding unidentified acquisitions and other strategic acquisitions.

• General Corporate Purposes: Remaining eligible proceeds for general corporate requirements.

Company Address

Zetwerk Manufacturing Business Ltd.
84/1, Vaishnavi Sovereign
Ground & 1st Floor, Green Glen Layout,
Bellandur,
Bangalore Urban, Karnataka, 560103
Phone: +91 7624 9748 90
Email: cs@zetwerk.com
Website: https://www.zetwerk.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: +91 40 6716 2222/ 1800 309 4001
Email: zetwerk.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/