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Indian manufacturing platform Zetwerk makes its stock market debut, having evolved from a marketplace into a full-stack manufacturing operations provider.
Zetwerk's shares debuted on Indian exchanges at a 5.3% premium to its Rs 151 issue price, with the company positioning manufacturing services for AI and clean energy sectors.
Zetwerk, an Indian B2B manufacturing company, debuted on NSE and BSE with a 5.5% premium following its ₹5,012 crore IPO, making it a significant milestone for the startup ecosystem.
Zetwerk Manufacturing listed on Indian stock exchanges at a 5% premium over its IPO price, with the Rs 5,012 crore offering comprising fresh share issuance and offer for sale.
Zetwerk's IPO closes with 3.06X subscription; early investors Kae Capital and Kalysta Capital realize 38.3X returns, while Peak XV and Lightspeed also divest substantial holdings.
