Zetwerk Manufacturing Business IPO price band set at Rs 143–151; Rs 5,012 crore issue opens on October 15

What happened: Zetwerk Manufacturing Business set its IPO price band at Rs 143 to Rs 151. The Rs 5,012 crore issue opens on October 15. Key numbers: Fresh issue Rs 2,830 crore. OFS 14.45 crore shares worth about Rs 2,182 crore. Allotment expected October 21, 2026. Minimum bid 99 shares. Employee discount Rs 14 per share. Face value Rs 1. FY2026 loss, negative EPS, P/E unascertainable. Why it matters: Proceeds will mainly repay or prepay borrowings, with funds also for inorganic growth and general corporate purposes. The company reported a FY2026 loss, so its P/E ratio is unascertainable.

Zetwerk Manufacturing Business set its IPO price band at Rs 143 to Rs 151. The Rs 5,012 crore issue opens on October 15.

Proceeds will mainly repay or prepay borrowings, with funds also for inorganic growth and general corporate purposes. The company reported a FY2026 loss, so its P/E ratio is unascertainable.