Zetwerk Manufacturing Businesses IPO
Zetwerk Manufacturing Businesses Limited (ZETWERK) · mainboard IPO on NSE and BSE · Book Building. The shares list today.
Issue details
Timeline
- Bidding opensThu 15 Oct
- Bidding closesMon 19 Oct
- AllotmentWed 21 Oct
- Refunds & demat creditThu 22 Oct
- ListingFri 23 Oct
Listing day
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 9,89,17,930 | 46,82,02,185 | 4.73x | |
| NII (HNI) total | 5,12,69,349 | 7,18,53,111 | 1.40x | |
| Big NII (above ₹10 lakh) | 3,41,79,566 | 5,75,49,987 | 1.68x | |
| Small NII (₹2-10 lakh) | 1,70,89,783 | 1,43,03,124 | 0.84x | |
| Retail | 3,41,79,566 | 2,50,90,659 | 0.73x | |
| Employees | 7,00,000 | 11,14,740 | 1.59x | |
| Total | 18,50,66,845 | 56,62,60,695 | 3.06x |
Bids on NSE and BSE together, as published by NSE, as of 19 Oct 2026, 07:00 PM. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Zetwerk Manufacturing Businesses's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Fractal AnalyticsFeb 2026 | 4.18x | 1.06x | 1.03x | 2.66x | ₹2,983 Cr | -2.7% | -0.3% |
| Vedant FashionsFeb 2022 | 7.49x | 1.07x | 0.39x | 2.57x | ₹3,149 Cr | +8.0% | +14.6% |
| Schloss BangaloreMay 2025 | 7.46x | 1.02x | 0.83x | 4.50x | ₹3,686 Cr | -6.7% | +0.9% |
| ICICI Lombard General Insurance CompanySep 2017 | 8.17x | 0.83x | 1.23x | 2.98x | ₹5,701 Cr | -1.5% | +5.0% |
| Travel Food ServicesJul 2025 | 7.70x | 1.58x | 0.69x | 2.88x | ₹2,106 Cr | +2.3% | +2.7% |
| Gland PharmaNov 2020 | 6.40x | 0.51x | 0.24x | 2.06x | ₹6,480 Cr | +14.0% | +23.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Morgan Stanley India Company | 24 | +13.9% | 67% |
| Goldman Sachs (India) Securities | 16 | +18.4% | 69% |
| Avendus Capital | 9 | +8.6% | 67% |
| JM Financial | 109 | +22.8% | 75% |
| HSBC Securities and Capital Markets (India) | 15 | +8.3% | 87% |
| Pantomath Capital Advisors | 19 | +20.0% | 79% |
Offer documents (NSE)
Frequently asked
What is the Zetwerk Manufacturing Businesses IPO price band and lot size? ₹143–151 per share, with a lot of 99 shares, so the smallest retail bid is ₹14,949.
When are allotment and listing? Allotment Wednesday, 21 October; refunds and demat credit 22 October; listing Friday, 23 October. Allotment status is published by the registrar, KFin Technologies Limited, and on the NSE and BSE websites.
How many times has it been subscribed? 3.06x overall: QIB 4.73x, NII 1.40x, retail 0.73x, employees 1.59x.
How did it list? It opened at ₹159, +5.5% against the issue price of ₹151.
