The initial public offering (IPO) of Zetwerk Manufacturing Business saw subdued demand on the second day of bidding, with the issue receiving 25 percent subscription by 11:25 am on October 16, according to NSE data.
The Rs 5,012.33 crore IPO received bids for 4,49,05,608 shares against 18,50,66,845 shares on offer. Retail investors led the demand with 28 percent subscription, while the non-institutional portion was booked 11 percent.
According to market tracking platform InvestorGain, Zetwerk IPO was commanding a grey market premium of nearly 7 percent on the morning of October 16. However, the grey market premium is unofficial and can fluctuate before listing. It does not guarantee the stock's listing price or returns.
The IPO will open for subscription on October 15 and close on October 19, 2026. The company is expected to finalise the share allotment on October 21, while the shares are tentatively scheduled to list on the BSE and NSE on October 23.
Zetwerk Manufacturing Business has fixed the price band at Rs 143–151 per equity share, with a face value of Rs 1 per share.