Zetwerk IPO allotment today on BSE, NSE and registrar — check latest GMP
Investors awaiting the allotment of Zetwerk Manufacturing Business shares can check their application status today, October 21, as the basis of allotment for the Rs 5,012.33-crore initial public offering (IPO) is scheduled to be finalised.
Investors awaiting the allotment of Zetwerk Manufacturing Business shares can check their application status today, October 21, as the basis of allotment for the Rs 5,012.33-crore initial public offering (IPO) is scheduled to be finalised. The IPO closed on October 19 with an overall subscription of 3.06 times, receiving bids for 56,62,54,656 shares against 18,50,66,845 shares on offer, according to exchange data.
Qualified Institutional Buyers (QIBs) led the demand, with their portion subscribed 4.73 times. The Non-Institutional Investors (NIIs) category was subscribed 1.40 times, while the Retail Individual Investors (RIIs) portion received 0.73 times subscription. Read Also: Bonfiglioli Transmissions India IPO allotment today; check status on BSE, NSE and registrar Applicants can check their allotment status through the BSE and NSE websites or the issue registrar, KFin Technologies.
Refunds for unsuccessful applicants and credit of shares to successful bidders are expected on October 22. The shares are scheduled to list on October 23. How to check Zetwerk IPO allotment status on BSE Step 1. Visit the BSE IPO application status page at https://www.bseindia.com/investors/appli_check Step 2. Select Equity as the issue type. Step 3. Choose Zetwerk Manufacturing Business Limited from the issue name dropdown.
Step 4. Enter the application number or PAN. Step 5. Complete the captcha verification. Step 6. Click Search to view the allotment status. How to check Zetwerk IPO allotment status on NSE 1. Go to the NSE IPO bid verification page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids 2. Select Equity & SME IPO bid details. 3. Select Zetwerk Manufacturing Business from the company symbol dropdown, if available.
4. Enter the required PAN or application details. 5. Click Submit to check the status. How to check Zetwerk IPO allotment status on KFin Technologies Step 1. Visit the KFin Technologies IPO allotment status portal at https://ipostatus.kfintech.com/ Step 2. Select Zetwerk Manufacturing Business Ltd. from the company dropdown. Step 3. Choose an identification method, such as PAN, application number or DP/Client ID.
Step 4. Enter the relevant details. Step 5. Submit the form to view the allotment status. The grey market premium (GMP) for Zetwerk shares has declined sharply from earlier levels. According to the latest update from InvestorGain on October 20, the GMP stood at Rs 2.5. Against the upper end of the IPO price band of Rs 151, this implies an estimated listing price of Rs 153.50, representing a potential premium of around 1.66 percent.
GMP is an unofficial indicator based on grey market activity. It is not regulated by stock exchanges and does not guarantee the actual listing price. The premium can fluctuate before listing. The IPO was open for subscription from October 15 to October 19. The price band was fixed at Rs 143-151 per share, with a lot size of 99 shares. At the upper end of the price band, the minimum investment for a retail applicant was Rs 14,949.
The Rs 5,012.33-crore book-built issue comprises a fresh issue worth Rs 2,830 crore and an offer for sale (OFS) of approximately Rs 2,182.33 crore. The company plans to use Rs 2,160 crore from the fresh issue proceeds towards repayment of borrowings taken by the company and certain subsidiaries. The remaining proceeds are intended for potential acquisitions and other inorganic growth opportunities, along with general corporate purposes.
Eligible employees participating in the reserved portion of the issue were offered a discount of Rs 14 per share. 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. KFin Technologies is the registrar to the issue. Zetwerk reported a net loss of Rs 732.9 crore in the April-June 2026 quarter, narrowing from Rs 1,368.4 crore in the corresponding period a year earlier.
Revenue increased 55.4 percent to Rs 4,117.9 crore, compared with Rs 2,649.4 crore. For FY26, however, the company's net loss widened to Rs 1,606.1 crore from Rs 370.7 crore in FY25. Revenue grew 40.4 percent to Rs 15,913.3 crore, against Rs 11,331.9 crore in the previous financial year. Zetwerk Manufacturing Business shares are scheduled to list on the BSE and NSE on October 23, 2026. The basis of allotment is expected to be finalised on October 21, followed by refunds and Demat credit on October 22.
About Zetwerk Manufacturing Business Incorporated in 2017, Zetwerk operates a technology-led manufacturing platform that connects businesses with manufacturing partners for customised and large-scale production. The company serves industries including electronics, renewable energy, aerospace and defence, oil and gas, artificial intelligence infrastructure and industrial automation. Its business spans multiple countries and includes a network of suppliers, customers and manufacturing facilities across India and overseas.
