Zetwerk Manufacturing Businesses Limited raises ₹2,251.23 Crores from 99 anchor investors, at upper price band of ₹151 per equity share
Link: https://nsearchives.nseindia.com/content/ipo/ANCHOR_ZETWERK.zip
Mumbai 14 th October 2026 ( TGN ) : Zetwerk Manufacturing Businesses Limited has allocated 14,90,88,220 equity shares to 99 anchor investors at ₹ 151/- per Equity Share (including share premium of ₹ 150/- per Equity Share) aggregating ₹2,251.23 Crores, ahead of the company’s proposed Initial Public Offer.
Zetwerk Manufacturing Businesses Limited has attracted a strong and diversified anchor investor book.
The anchor allocation of Zetwerk Manufacturing Businesses Limited witnessed participation from marquee global institutional investors, including Capital Group, BlackRock, Goldman Sachs, Nomura, Société Générale, First Sentier Investors, FSSA, Natixis, Loomis Sayles, Manulife, Carmignac, Eastspring Investments, Susquehanna and The Prudential Assurance Company, alongside prominent sovereign wealth funds like Norway’s Government Pension Fund Global and Abu Dhabi Investment Authority (ADIA).
The anchor allocation saw participation from India’s leading mutual fund houses and prominent domestic institutions including SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Mirae Asset Mutual Fund, Aditya Birla Sun Life Mutual Fund, WhiteOak Capital Mutual Fund, Tata Mutual Fund, UTI Mutual Fund, Franklin Templeton Mutual Fund, Canara Robeco Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, Motilal Oswal Mutual Fund, ITI Mutual Fund, The Wealth Company Mutual Fund, Edelweiss Mutual Fund, Quant Mutual Fund, Helios Mutual Fund, Abakkus Mutual Fund, Baroda BNP Paribas Mutual Fund, Bajaj Finserv Mutual Fund and PGIM India Mutual Fund.
Prominent insurance companies participating in the anchor allocation included SBI Life Insurance, ICICI Prudential Life Insurance, Bajaj Life Insurance, Axis Max Life Insurance, Aditya Birla Sun Life Insurance, Edelweiss Life Insurance and Bharti AXA Life Insurance.
The participation of leading domestic mutual funds, globally established asset managers and sovereign investors underscores the quality, depth and institutional diversity of Zetwerk’s anchor investor book.
40% of the Anchor Investor Portion has been reserved for allocation as follows: (i) 33.33% of the Anchor Investor Portion for domestic mutual funds; and (ii) 6.67% of the Anchor Investor Portion for life insurance companies and pension funds.
Out of the total allocation of 149,088,220 Equity Shares 68,012,406 Equity Shares were allocated to 22 domestic mutual funds (i.e., 45.62% of the demand by the domestic mutual funds through various schemes). 11,010,346 Equity Shares were allocated to 7 life insurance companies (i.e., 7.39% of the demand by such life insurance companies.
The company proposes to open the initial public offering of its equity shares of face value ₹1 each on Thursday, October 15, 2026. The Anchor Investor Bidding Date is a Working Day prior to Bid/Offer Opening Date, being Wednesday, October 14, 2026. The Bid/Offer Closing Date is Monday, October 19, 2026.
The Price Band of the Offer has been fixed from ₹ 143 per Equity Share of face value ₹ 1 each to ₹151 per Equity Share of face value of ₹ 1 each. Bids can be made for a minimum of 99 Equity Shares of face value ₹ 1 each and multiples of 99 Equity Shares of face value ₹ 1 each thereafter. The floor price and cap price are 143 times and 151 times the face value of the equity shares, respectively.
The Offer comprises a fresh issue of Equity Shares of face value of ₹1 each aggregating up to ₹2,830 crore and an offer for sale of up to 144,525,036 Equity Shares of face value of ₹1 each by certain existing shareholders.
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Goldman Sachs (India) Securities Private Limited, Avendus Capital Private Limited, JM Financial Limited, HSBC Securities and Capital Markets (India) Private Limited, Pantomath Capital Advisors Private Limited, are the Book Running Lead Managers to the issue.
