The initial public offering (IPO) of Zetwerk Manufacturing Business is commanding a grey market premium (GMP) of nearly 15 percent ahead of its launch on October 15. The company is looking to raise Rs 5,012.33 crore through the public issue.
According to market tracking platform InvestorGain, Zetwerk IPO was trading at a grey market premium of nearly 15 percent on the morning of October 14. 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.
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Zetwerk Manufacturing Business has fixed the price band at Rs 143–151 per equity share, with a face value of Rs 1 per share.