Zetwerk Manufacturing Businesses, a Bengaluru-based, technology-led contract manufacturing and supply chain platform backed by Peak XV Partners, Accel, and Lightspeed Venture Partners has raised Rs 2,251.23 crore through its anchor book by allotting 14.9 crore equity shares to 99 anchor investors on October 14.
The anchor fundraising comes a day ahead of the company's Rs 5,012-crore initial public offering (IPO), which will open for subscription on October 15 and close on October 19. The price band has been fixed at Rs 143-151 per share.
The IPO comprises a fresh issue of shares worth Rs 2,830 crore and an offer for sale (OFS) of 14.45 crore equity shares. The promoters and investors, including Peak XV Partners, Lightspeed Venture Partners, Kae Capital Fund, Accel India, and Kalysta Capital Fund, will sell shares through the OFS.
Several prominent global investors participated in the anchor book, including Capital Group, BlackRock, Abu Dhabi Investment Authority, Goldman Sachs, Société Générale, Eastspring Investments India Fund, and The Prudential Assurance Company.
Zetwerk also allotted 6.8 crore equity shares worth Rs 1,027 crore to 22 domestic mutual funds. These included SBI Mutual Fund, ICICI Prudential AMC, HDFC AMC, Mirae Asset, Aditya Birla Sun Life AMC, WhiteOak Capital, Tata AMC, UTI AMC, Canara Robeco Mutual Fund, HSBC Mutual Fund, Invesco India, Motilal Oswal AMC, Helios Mutual Fund, Abakkus, and The Wealth Company Mutual Fund.