The initial public offering (IPO) of Zetwerk Manufacturing Business opened for subscription today, with the issue receiving 2 percent subscription by 11:30 am on October 15, according to NSE data.
The Rs 5,012.33 crore IPO received bids for 35,30,439 shares against 18,50,66,845 shares on offer. Retail investors led the demand with 7 percent subscription, while the non-institutional portion was booked 2 percent.
According to market tracking platform InvestorGain, Zetwerk IPO was commanding a grey market premium of nearly 15 percent on the morning of October 15. 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.