Zetwerk Manufacturing Business IPO’su İkinci Günde GMP yüzde 9 ile İzleniyor ve Bütçe Özeti Dikkat Çekiyor

Kısaca

Zetwerk’in IPO’su ikinci gün GMP yüzde 9; toplam 5.012,33 crore değerinde teklif Açılış gününde talep ılımlı kalırken RIIs ve genel talep yüzde 23 ve yüzde 22 olarak kayda geçti Anchor yatırımcılar 2.251,23 crore değerinde 14,90,88,220 hisse aldı; listeleme 23 Ekim’e planlanıyor

Ana mesele

Zetwerk Manufacturing Business IPO’sunda GMP yüzde 9; açılış günündeki talep görece ılımlı kaldı

Ne değişti?

Anchor yatırımcılar büyük ilgi gösterdi; 2.251,23 crore yatırım yapıldı

Beni nasıl etkiler?

Yatırımcılar için kısa vadede listing öncesi belirsizliğin azalması ihtimali

Ne oldu?

Zetwerk Manufacturing Business IPO’su ikinci gününe girdi; GMP yüzde 9 olarak belirlendi

Neden şimdi?

İlk gün talebin sınırlı olması ve anchor yatırımcıların katılımı listeleme sürecini etkiledi

Neden önemli?

GMP ve talep görünümü, listelenmenin düşüşe geçmeden gerçekleşmesi için ipuçları sunuyor

Kimler etkileniyor?

• Bireysel yatırımcılar
• Kurumsal yatırımcılar
• Satıcı taraf
• Regülatörler

Sektör ve piyasa etkisi

Piyasada yeni IPO’lar için caziplik ve istekliliğin göstergesi olabilir

Riskler

• Piyasa koşulları kötüleşirse talep düşebilir
• OF S ve yeni hisse arzı fiyatlamayı etkileyebilir
• EPS negatif olduğundan değerlemeler baskılanabilir

Takip edilmesi gerekenler

• Son başvuru tarihi ve kesin allotment tarihine
• Borsada listesinin gerçekleşip gerçekleşmeyeceğine
• GMP değişimleri ve ana yatırımcı hareketlerine

Haberin tamamı

Zetwerk Manufacturing Business’ initial public offering (IPO) entered its second day of bidding on Friday, October 16, 2026, with the issue witnessing a muted response on the opening day. The IPO’s grey market premium (GMP) stood at 9%, indicating potential listing gains over the upper end of the issue price band based on prevailing unofficial market trends.

However, the GMP is only an indicative measure and does not guarantee actual listing performance.On Day 1, the IPO was subscribed to 23% overall against 18.50 crore shares on offer. The Retail Individual Investors (RIIs) category was subscribed to 22%, compared with 3.41 crore shares reserved for the segment.The Rs 5,012.33-crore IPO comprises a fresh issue of shares worth Rs 2,830 crore and an offer for sale (OFS) of 14.45 crore shares worth approximately Rs 2,182 crore.

While the proceeds from the fresh issue will go to the company, the OFS proceeds will be received by the selling shareholders.Zetwerk has fixed the IPO price band at Rs 143–151 per share, with a face value of Rs 1 per equity share.

The issue will remain open for subscription until October 19, 2026.The basis of allotment is expected to be finalised on October 21, while the shares are tentatively scheduled to list on the BSE and NSE on October 23.Investors can apply for a minimum of 99 equity shares, with subsequent bids to be placed in multiples of 99 shares.

At the upper end of the price band, the minimum investment for a retail investor applying for one lot works out to Rs 14,949.Eligible employees applying under the employee reservation portion will receive a discount of Rs 14 per share.Ahead of the public issue, Zetwerk raised Rs 2,251.23 crore from 99 anchor investors on October 14. The company allotted 14,90,88,220 equity shares to anchor investors at Rs 151 per share, including a premium of Rs 150 per share.

The anchor book attracted prominent global investors, including BlackRock, Goldman Sachs and Nomura.According to the company’s restated consolidated financial information, Zetwerk reported a loss in FY2026.

Consequently, its basic and diluted earnings per share (EPS) were negative, making the price-to-earnings (P/E) ratio unascertainable.The company’s weighted average return on net worth over the last three financial years stood at negative 15.64%.Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldman Sachs (India) Securities, Avendus Capital, JM Financial, HSBC Securities & Capital Markets (India) and Pantomath Capital Advisors are the book-running lead managers for the issue.

KFin Technologies has been appointed as the registrar.Zetwerk Manufacturing Business IPO Subscription StatusZetwerk Manufacturing Business’ IPO witnessed a subdued response on Day 1, with the issue subscribed to 23% overall against 18.50 crore shares on offer.Among investor categories, Qualified Institutional Buyers (QIBs) subscribed to 30% of their allocated portion, against 9.89 crore shares on offer.

Retail Individual Investors (RIIs) subscribed to 22%, compared with 3.41 crore shares reserved for the category.Meanwhile, the Non-Institutional Investors (NIIs) category was subscribed to 9%, against 5.12 crore shares on offer.Zetwerk Manufacturing Business IPO GMP TodayZetwerk Manufacturing Business IPO’s latest grey market premium (GMP) stood at Rs 14 per share, representing a premium of around 9.27% over the upper end of the IPO price band of Rs 151.At this GMP, the estimated listing price works out to approximately Rs 165 per share, indicating a potential gain of Rs 14 per share for investors who receive an allotment at the upper price band.

However, the GMP is an unofficial market indicator and does not guarantee the actual listing price or listing gains. It can fluctuate before the shares are listed on the stock exchanges.IPO Objects of the IssueThe company plans to utilise the IPO proceeds primarily to repay or prepay, in part or full, certain outstanding borrowings.

It also intends to allocate funds towards inorganic growth through unidentified acquisitions and other strategic acquisitions, along with general corporate purposes.Of the total estimated proceeds of Rs 2,160 crore, Rs 1,300 crore is earmarked for one borrowing repayment/prepayment objective, while Rs 860 crore is allocated towards another borrowing repayment/prepayment objective.About Zetwerk Manufacturing Business Ltd.Zetwerk Manufacturing Businesses Private Limited, incorporated in 2017, is a technology-led global manufacturing platform that connects industrial and consumer enterprises with manufacturing partners for customised and large-scale production.

It serves diverse sectors, including electronics, renewable energy, aerospace and defence, oil and gas, AI infrastructure and industrial automation. The company follows an asset-light model, offering end-to-end services such as design, supplier matching, quality control and logistics through its proprietary platform, Zetwerk OS.Zetwerk operates in over 25 countries, with a network of more than 10,000 suppliers and 1,100 customers, including Fortune 500 companies.

It also has over 20 manufacturing facilities across India, the US and Mexico.

In fiscal 2026, the company served 1,802 customers, comprising 1,613 in India and 189 overseas, supported by its scalable manufacturing capabilities, quality control systems and diversified global customer base.Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution.

They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here

Kaynaklar

• Economic Times - Markets