Zetwerk Manufacturing Business, a Bengaluru-based technology-led manufacturing platform for industrial and consumer goods globally founded by Amrit Pratik Acharya and Srinath Ramakkrushnan, on October 12 has fixed price band at Rs 143-151 per share for its maiden public issue.
The company intends to raise Rs 5,012.3 crore via initial public offering (IPO) and is seeking a valuation of Rs 25,583.2 crore at the upper end of price band.
The IPO consisting fresh issuance of Rs 2,830 crore worth shares, and an offer-for-sale of 14.45 crore equity shares worth Rs 2,182.3 crore will open for public subscription on October 15 and close on October 19. The anchor book will be opened for a day on October 14.
Zetwerk, which is backed by Peak XV Partners, Accel India, and Lightspeed Venture Partners, is likely to finalise IPO share allotment on October 21 and make its shares debut on the stock exchanges on October 23.
Peak XV Partners, Lightspeed Venture Partners, Kae Capital Fund, Accel India, Kalysta Capital Fund, and Creovate Innovation along with both promoters will be selling shareholders in the offer-for-sale.