Money & RulesBreakout Explainer
Zetwerk IPO GMP today: price band ₹143–151, lot size 99, dates and what the grey market says
Zetwerk's ₹5,012 crore IPO opens on Thursday, 15 October, the same day as Tonbo Imaging, at ₹143–151 a share. One lot is 99 shares, or ₹14,949 at the top of the band. Grey-market quotes are all over the place, from ₹13 to ₹27. Here's what is confirmed, what isn't, and what one lot would cost you.
TL;DRThe short version
- Zetwerk IPO GMP is unofficial and inconsistent: IPO GMP Tracker quoted ₹27 a share at 1:28 AM IST on 13 Oct (about 18% over ₹151); IPOwiz had ₹17 on 12 Oct and IPO360 ₹13. None of these is published by SEBI, NSE, BSE or the company.
- Terms: price band ₹143–151, lot 99 shares (₹14,949 at the top), issue ₹5,012 crore = ₹2,830 crore fresh + ₹2,182 crore offer for sale; bidding 15–19 Oct, allotment 21 Oct, listing 23 Oct on NSE and BSE (Mint, Chittorgarh).
- Same day as Tonbo: Tonbo Imaging (₹665–700, lot 21) also opens on 15 Oct; HD Fire Protect closes that day. Retail gets up to 10% of Zetwerk's net offer.
- Compare Zetwerk with the week's other IPOs and work out what your lots cost in our calculator: kyuntrend.in/tools/ipos-this-week/Read the red herring prospectus on SEBI, NSE or BSE before you bid. Not investment advice.
Key facts
- Company
- Zetwerk Manufacturing Businesses Ltd, Bengaluru (incorporated 2017)
- Price band
- ₹143–151 per share (face value ₹1)
- Lot size
- 99 shares = ₹14,949 at ₹151; retail max 13 lots (1,287 shares, ₹1,94,337)
- Issue size
- ₹5,012 crore: fresh ₹2,830 crore + OFS of 14,45,25,036 shares (~₹2,182 crore)
- Dates
- Opens Thu 15 Oct, closes Mon 19 Oct; allotment Wed 21 Oct; listing Fri 23 Oct (tentative)
- Valuation
- About ₹25,583 crore at the upper band (Mint)
- Quota
- QIB ≥75%, NII ≤15%, retail ≤10% of net offer; employee discount ₹14
- Registrar
- KFin Technologies
- GMP
- ₹13–27 across trackers (12–13 Oct); unofficial
Short answer: the Zetwerk IPO GMP depends on which tracker you read. IPO GMP Tracker put it at ₹27 a share at 1:28 AM IST on 13 October, implying a listing around ₹178. IPOwiz showed ₹17 at 12:47 PM IST on 12 October and IPO360 ₹13. Grey-market premiums are unofficial and unregulated, and they swing before listing. What is official is the price band of ₹143–151, a lot of 99 shares, and bidding from 15 to 19 October.
What one lot costs
| Application | Lots | Shares | Amount at ₹151 |
|---|---|---|---|
| Retail minimum | 1 | 99 | ₹14,949 |
| Retail maximum | 13 | 1,287 | ₹1,94,337 |
| Small HNI minimum | 14 | 1,386 | ₹2,09,286 |
| Big HNI minimum | 67 | 6,633 | ₹10,01,583 |
Lot table per Chittorgarh, matching IPO GMP Tracker and IPO360. Try different listing prices for Zetwerk, Tonbo and HD Fire in our IPOs this week calculator.
The issue
Zetwerk, backed by Peak XV Partners and Accel India, raised the fresh issue to ₹2,830 crore from ₹2,600 crore in its updated draft prospectus filed in August, and increased the offer for sale to about 145 million shares from 97 million, Mint reports. That values the company at about ₹25,583 crore at the top of the band. Co-founders Amrit Acharya and Srinath Ramakkrushnan are each selling 14.2 million shares, and promoter-group entity Creovate Innovation another 23 million (Mint).
According to Chittorgarh, about ₹1,300 crore of the net proceeds is earmarked for repaying borrowings, with part set aside for acquisitions. The lead managers include Kotak Mahindra Capital, Morgan Stanley, Goldman Sachs, Avendus, JM Financial, HSBC and Pantomath; the registrar is KFin Technologies.
01
Myth GMP tells you the listing price.
Fact GMP is an unregulated grey-market quote. On 12–13 Oct three trackers gave Zetwerk ₹13, ₹17 and ₹27, which shows how unreliable it is.
02
Myth Zetwerk gets all ₹5,012 crore.
Fact Only the ₹2,830 crore fresh issue goes to the company. The rest is an offer for sale by existing shareholders, including the promoters (Mint).
Key dates (tentative)
- Thu 15 Oct: bidding opens (Tonbo Imaging opens the same day)
- Mon 19 Oct: bidding closes
- Wed 21 Oct: allotment
- Thu 22 Oct: refunds and credit of shares to demat
- Fri 23 Oct: listing on NSE and BSE
Anchor-investor details had not been published when we checked on the morning of 13 October. We'll add subscription figures once bidding starts.
Trend Monitor
Searches for Zetwerk's grey market premium took off after the price band was announced, including a common misspelling (Google Trends India, past day, read about 6:30 AM IST, 13 Oct).
- zetwork ipo gmp+21,400% (past day, misspelling)
- zetwerk ipo gmp today+1,600% (past day)
Google Trends, India, rising queries, 30 days