Zetwerk IPO: Kae Capital, Kalysta Bag 38.3X Returns, Lightspeed Pockets ₹440 Cr
Manufacturing company Zetwerk successfully closed its IPO with 3.06X subscription, attracting bids for 56.62 crore shares against 18.50 crore offered. Early-stage investors achieved exceptional returns, with Kae Capital Fund II and Kalysta Capital Fund II each realizing 38.3X multiples on shares sold at the IPO upper price band of ₹151. Peak XV and Lightspeed Ventures also divested holdings, with Peak XV realizing varying multiples (23.9X and 3.3X) across two investment vehicles and collecting ₹359.3 crore combined. The share listing was scheduled for the day following IPO closure.
Key points
- Zetwerk IPO subscribed 3.06X; shares priced at ₹151 per share.
- Kae Capital Fund II and Kalysta Capital Fund II each achieved 38.3X returns.
- Peak XV pocketed ₹359.3 Cr across two investment vehicles; Lightspeed also divested.
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