{"id":53687,"date":"2026-10-14T17:07:51","date_gmt":"2026-10-14T11:37:51","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=53687"},"modified":"2026-10-14T17:14:59","modified_gmt":"2026-10-14T11:44:59","slug":"zetwerk-manufacturing-business-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/","title":{"rendered":"Zetwerk Manufacturing Business IPO"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"53687\" class=\"elementor elementor-53687\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9d0081f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9d0081f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a85ea3d\" data-id=\"a85ea3d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5c38078 elementor-widget elementor-widget-text-editor\" data-id=\"5c38078\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<style>\n  \/* Elementor-safe Scoped Reset & Tokens *\/\n  .cmr-article-wrapper,\n  .cmr-article-wrapper * {\n    box-sizing: border-box;\n    -webkit-font-smoothing: antialiased;\n  }\n\n  .cmr-article-wrapper {\n    --brand-primary: #16a34a;\n    --brand-primary-hover: #15803d;\n    --brand-light: #f0fdf4;\n    --brand-border: #bbf7d0;\n    --neutral-900: #0f172a;\n    --neutral-800: #1e293b;\n    --neutral-700: #334155;\n    --neutral-600: #475569;\n    --neutral-500: #64748b;\n    --neutral-200: #e2e8f0;\n    --neutral-100: #f1f5f9;\n    --neutral-50:  #f8fafc;\n    --surface:      #ffffff;\n    --radius-sm: 6px;\n    --radius-md: 10px;\n    --radius-lg: 16px;\n    --radius-full: 9999px;\n    --shadow-subtle: 0 1px 3px rgba(0, 0, 0, 0.04), 0 1px 2px rgba(0, 0, 0, 0.02);\n    --shadow-card: 0 4px 12px -2px rgba(15, 23, 42, 0.06), 0 2px 6px -2px rgba(15, 23, 42, 0.04);\n    \n    width: 100%;\n    max-width: 760px;\n    margin: 24px auto 48px;\n    background: var(--surface);\n    border: 1px solid var(--neutral-200);\n    border-radius: var(--radius-lg);\n    padding: 36px 28px;\n    box-shadow: var(--shadow-card);\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Inter, \"Helvetica Neue\", sans-serif;\n    color: var(--neutral-700);\n    line-height: 1.75;\n    word-wrap: break-word;\n    overflow-wrap: break-word;\n  }\n\n  \/* Header & Meta *\/\n  .cmr-article-wrapper .meta-bar {\n    display: flex;\n    align-items: center;\n    flex-wrap: wrap;\n    gap: 10px;\n    margin-bottom: 16px;\n  }\n\n  .cmr-article-wrapper .tag-badge {\n    display: inline-flex;\n    align-items: center;\n    gap: 6px;\n    background: var(--brand-light);\n    color: var(--brand-primary);\n    border: 1px solid var(--brand-border);\n    border-radius: var(--radius-full);\n    padding: 3px 12px;\n    font-size: 11px;\n    font-weight: 700;\n    letter-spacing: 0.06em;\n    text-transform: uppercase;\n  }\n\n\n\n  .cmr-article-wrapper .meta-source {\n    font-size: 13px;\n    font-weight: 500;\n    color: var(--neutral-500);\n  }\n\n  .cmr-article-wrapper h1.post-title {\n    font-size: 26px;\n    font-weight: 800;\n    color: var(--neutral-900);\n    line-height: 1.3;\n    letter-spacing: -0.02em;\n    margin: 0 0 20px 0;\n    text-align: left;\n  }\n\n  .cmr-article-wrapper h2.section-heading {\n    font-size: 18.5px;\n    font-weight: 700;\n    color: var(--neutral-900);\n    margin: 32px 0 14px 0;\n    letter-spacing: -0.01em;\n    text-align: left;\n  }\n\n  \/* Justified Paragraphs *\/\n  .cmr-article-wrapper p {\n    font-size: 15px;\n    margin-bottom: 16px;\n    color: var(--neutral-700);\n    text-align: justify;\n    text-justify: inter-word;\n    line-height: 1.75;\n  }\n\n  .cmr-article-wrapper strong {\n    color: var(--neutral-900);\n    font-weight: 600;\n  }\n\n  \/* IPO Summary Grid *\/\n  .cmr-article-wrapper .cmr-glance-title {\n    font-size: 11.5px;\n    font-weight: 700;\n    color: var(--neutral-500);\n    text-transform: uppercase;\n    letter-spacing: 0.08em;\n    margin: 24px 0 12px 0;\n    display: flex;\n    align-items: center;\n    gap: 12px;\n  }\n\n  .cmr-article-wrapper .cmr-glance-title::after {\n    content: '';\n    flex: 1;\n    height: 1px;\n    background: var(--neutral-200);\n  }\n\n  .cmr-article-wrapper .cmr-glance-grid {\n    display: grid;\n    grid-template-columns: repeat(3, minmax(0, 1fr));\n    gap: 12px;\n    margin-bottom: 14px;\n  }\n\n  .cmr-article-wrapper .cmr-glance-item {\n    background: var(--neutral-50);\n    border: 1px solid var(--neutral-200);\n    border-radius: var(--radius-md);\n    padding: 14px 12px;\n    min-width: 0;\n  }\n\n  .cmr-article-wrapper .cmr-glance-item.cmr-highlight {\n    background: linear-gradient(145deg, #ffffff, var(--brand-light));\n    border-color: var(--brand-border);\n  }\n\n  .cmr-article-wrapper .cmr-glance-item.cmr-highlight .cmr-g-value {\n    color: var(--brand-primary);\n  }\n\n  .cmr-article-wrapper .cmr-g-label {\n    font-size: 11px;\n    color: var(--neutral-500);\n    text-transform: uppercase;\n    font-weight: 600;\n    letter-spacing: 0.04em;\n    margin-bottom: 4px;\n    white-space: nowrap;\n    overflow: hidden;\n    text-overflow: ellipsis;\n  }\n\n  .cmr-article-wrapper .cmr-g-value {\n    font-size: 16px;\n    font-weight: 800;\n    color: var(--neutral-900);\n    line-height: 1.25;\n    word-break: break-word;\n  }\n\n  .cmr-article-wrapper .cmr-g-sub {\n    font-size: 11.5px;\n    color: var(--neutral-500);\n    margin-top: 4px;\n  }\n\n  .cmr-article-wrapper .glance-badge {\n    background: var(--neutral-100);\n    border: 1px solid var(--neutral-200);\n    border-radius: var(--radius-sm);\n    padding: 10px 12px;\n    font-size: 12.5px;\n    color: var(--neutral-600);\n    margin-bottom: 24px;\n    font-weight: 500;\n    text-align: center;\n    line-height: 1.5;\n  }\n\n  \/* Feature Lists *\/\n  .cmr-article-wrapper .cmr-feature-list {\n    list-style: none !important;\n    padding: 0 !important;\n    margin: 16px 0 !important;\n    display: flex;\n    flex-direction: column;\n    gap: 12px;\n  }\n\n  .cmr-article-wrapper .cmr-feature-list li {\n    position: relative;\n    padding-left: 28px;\n    font-size: 14.5px;\n    color: var(--neutral-700);\n    margin: 0 !important;\n    line-height: 1.6;\n    text-align: justify;\n    text-justify: inter-word;\n  }\n\n\n\n  \/* Tables *\/\n  .cmr-article-wrapper .table-container {\n    width: 100%;\n    overflow-x: auto;\n    -webkit-overflow-scrolling: touch;\n    margin: 16px 0;\n    border: 1px solid var(--neutral-200);\n    border-radius: var(--radius-md);\n    background: var(--surface);\n  }\n\n  .cmr-article-wrapper .fin-table,\n  .cmr-article-wrapper .res-table {\n    width: 100%;\n    min-width: 480px;\n    border-collapse: collapse;\n    font-size: 14px;\n    text-align: left;\n    margin: 0 !important;\n  }\n\n  .cmr-article-wrapper .fin-table th,\n  .cmr-article-wrapper .fin-table td,\n  .cmr-article-wrapper .res-table th,\n  .cmr-article-wrapper .res-table td {\n    padding: 10px 14px;\n    border-bottom: 1px solid var(--neutral-200);\n  }\n\n  .cmr-article-wrapper .fin-table thead tr,\n  .cmr-article-wrapper .res-table thead tr {\n    background: var(--neutral-100);\n  }\n\n  .cmr-article-wrapper .fin-table th {\n    font-weight: 700;\n    color: var(--neutral-800);\n    text-align: right;\n  }\n\n  .cmr-article-wrapper .fin-table th:first-child,\n  .cmr-article-wrapper .res-table th {\n    text-align: left;\n  }\n\n  .cmr-article-wrapper .fin-table td {\n    color: var(--neutral-700);\n    text-align: right;\n    font-variant-numeric: tabular-nums;\n  }\n\n  .cmr-article-wrapper .res-table td {\n    color: var(--neutral-700);\n    text-align: left;\n  }\n\n  .cmr-article-wrapper .fin-table td:first-child,\n  .cmr-article-wrapper .res-table td:first-child {\n    text-align: left;\n    font-weight: 600;\n    color: var(--neutral-900);\n  }\n\n  .cmr-article-wrapper .fin-table tbody tr:last-child td,\n  .cmr-article-wrapper .res-table tbody tr:last-child td {\n    border-bottom: none;\n  }\n\n  .cmr-article-wrapper .fin-note {\n    font-size: 12px;\n    color: var(--neutral-500);\n    margin-top: 6px;\n    margin-bottom: 20px;\n    text-align: left;\n  }\n\n  \/* KPI Grid *\/\n  .cmr-article-wrapper .kpi-grid {\n    display: grid;\n    grid-template-columns: repeat(3, minmax(0, 1fr));\n    gap: 10px;\n    margin: 16px 0 24px;\n  }\n\n  .cmr-article-wrapper .kpi-card {\n    background: var(--neutral-50);\n    border: 1px solid var(--neutral-200);\n    border-radius: var(--radius-md);\n    padding: 14px 10px;\n    text-align: center;\n    min-width: 0;\n  }\n\n  .cmr-article-wrapper .kpi-card .kpi-value {\n    font-size: 18px;\n    font-weight: 800;\n    color: var(--brand-primary);\n    line-height: 1.2;\n    word-break: break-word;\n  }\n\n  .cmr-article-wrapper .kpi-card .kpi-label {\n    font-size: 11px;\n    color: var(--neutral-500);\n    text-transform: uppercase;\n    letter-spacing: 0.04em;\n    margin-top: 4px;\n    font-weight: 600;\n  }\n\n  \/* Objects List *\/\n  .cmr-article-wrapper .objects-list {\n    list-style: none !important;\n    padding: 0 !important;\n    margin: 16px 0 !important;\n    display: flex;\n    flex-direction: column;\n    gap: 10px;\n  }\n\n  .cmr-article-wrapper .objects-list li {\n    display: flex;\n    justify-content: space-between;\n    align-items: center;\n    padding: 12px 16px;\n    border-radius: var(--radius-md);\n    background: var(--neutral-50);\n    border: 1px solid var(--neutral-200);\n    font-size: 14px;\n    margin: 0 !important;\n  }\n\n  .cmr-article-wrapper .objects-list li .obj-label {\n    color: var(--neutral-700);\n    flex: 1;\n    padding-right: 12px;\n    text-align: left;\n  }\n\n  .cmr-article-wrapper .objects-list li .obj-amt {\n    font-weight: 700;\n    color: var(--neutral-900);\n    white-space: nowrap;\n    background: var(--surface);\n    padding: 2px 8px;\n    border-radius: var(--radius-sm);\n    border: 1px solid var(--neutral-200);\n    font-size: 13.5px;\n  }\n\n  \/* Verdict & CTA *\/\n  .cmr-article-wrapper .cmr-verdict-card {\n    background: linear-gradient(145deg, #ffffff 0%, var(--brand-light) 100%);\n    border: 1px solid var(--brand-border);\n    border-left: 4px solid var(--brand-primary);\n    padding: 20px 18px;\n    border-radius: var(--radius-md);\n    margin: 28px 0;\n  }\n\n  .cmr-article-wrapper .cmr-verdict-title {\n    font-size: 16px;\n    font-weight: 800;\n    color: var(--neutral-900);\n    margin-bottom: 8px;\n    text-align: left;\n  }\n\n  .cmr-article-wrapper .cmr-verdict-card p {\n    text-align: justify;\n    text-justify: inter-word;\n  }\n\n  .cmr-article-wrapper .cta-wrap {\n    text-align: center;\n    margin: 28px 0 12px;\n  }\n\n  .cmr-article-wrapper .cta-btn {\n    display: inline-flex;\n    align-items: center;\n    justify-content: center;\n    background: var(--brand-primary);\n    color: #ffffff !important;\n    font-size: 15px;\n    font-weight: 700;\n    text-decoration: none !important;\n    padding: 13px 32px;\n    border-radius: var(--radius-full);\n    box-shadow: 0 4px 14px rgba(22, 163, 74, 0.25);\n    max-width: 100%;\n    word-break: break-word;\n  }\n\n  .cmr-article-wrapper hr.divider {\n    border: none;\n    border-top: 1px solid var(--neutral-200);\n    margin: 28px 0;\n  }\n\n  .cmr-article-wrapper .source-note {\n    font-size: 12px;\n    color: var(--neutral-500);\n    margin-top: 24px;\n    border-top: 1px solid var(--neutral-200);\n    padding-top: 12px;\n    text-align: center;\n  }\n\n  \/* Responsive Media Queries *\/\n  @media (max-width: 680px) {\n    .cmr-article-wrapper {\n      padding: 20px 14px;\n      margin: 12px auto 32px;\n      border-radius: var(--radius-md);\n    }\n\n    .cmr-article-wrapper h1.post-title {\n      font-size: 21px;\n    }\n\n    .cmr-article-wrapper h2.section-heading {\n      font-size: 17px;\n      margin: 24px 0 12px 0;\n    }\n\n    .cmr-article-wrapper .cmr-glance-grid {\n      grid-template-columns: repeat(2, minmax(0, 1fr));\n      gap: 8px;\n    }\n\n    .cmr-article-wrapper .cmr-glance-item {\n      padding: 10px;\n    }\n\n    .cmr-article-wrapper .cmr-g-value {\n      font-size: 14.5px;\n    }\n\n    .cmr-article-wrapper .kpi-grid {\n      grid-template-columns: repeat(2, minmax(0, 1fr));\n      gap: 8px;\n    }\n\n    .cmr-article-wrapper .kpi-card .kpi-value {\n      font-size: 16px;\n    }\n\n    .cmr-article-wrapper .objects-list li {\n      flex-direction: column;\n      align-items: flex-start;\n      gap: 6px;\n      padding: 10px 12px;\n    }\n\n    .cmr-article-wrapper .objects-list li .obj-label {\n      padding-right: 0;\n    }\n\n    .cmr-article-wrapper .cta-btn {\n      width: 100%;\n      padding: 13px 16px;\n      font-size: 14px;\n    }\n  }\n\n  @media (max-width: 380px) {\n    .cmr-article-wrapper .cmr-glance-grid {\n      grid-template-columns: 1fr;\n    }\n    .cmr-article-wrapper .kpi-grid {\n      grid-template-columns: 1fr;\n    }\n  }\n<\/style>\n\n<div class=\"cmr-article-wrapper\">\n\n\n\n  <!-- \u2500\u2500 IPO AT A GLANCE \u2500\u2500 -->\n  <div class=\"cmr-glance-title\">IPO Summary<\/div>\n  \n  <div class=\"cmr-glance-grid\">\n    <div class=\"cmr-glance-item cmr-highlight\">\n      <div class=\"cmr-g-label\">Price Band<\/div>\n      <div class=\"cmr-g-value\">\u20b9143 \u2013 \u20b9151<\/div>\n      <div class=\"cmr-g-sub\">FV: \u20b91 \/ share (Emp: \u20b914 off)<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item cmr-highlight\">\n      <div class=\"cmr-g-label\">Issue Dates<\/div>\n      <div class=\"cmr-g-value\">Oct 15 \u2013 19<\/div>\n      <div class=\"cmr-g-sub\">Year: 2026<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Lot Size<\/div>\n      <div class=\"cmr-g-value\">99 Shares<\/div>\n      <div class=\"cmr-g-sub\">Min: \u20b914,949<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Total Issue Size<\/div>\n      <div class=\"cmr-g-value\">\u20b95,012.33 Cr<\/div>\n      <div class=\"cmr-g-sub\">Fresh + OFS<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Listing At<\/div>\n      <div class=\"cmr-g-value\">BSE &amp; NSE<\/div>\n      <div class=\"cmr-g-sub\">Tentative: Oct 23<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Lead Managers<\/div>\n      <div class=\"cmr-g-value\" style=\"font-size: 12.5px;\">Kotak \/ Morgan Stanley \/ Goldman<\/div>\n      <div class=\"cmr-g-sub\">Reg: KFin Technologies<\/div>\n    <\/div>\n  <\/div>\n\n \n\n  <!-- \u2500\u2500 ABOUT THE COMPANY \u2500\u2500 -->\n  <h2 class=\"section-heading\">About the Business<\/h2>\n  <p>\n    Incorporated in <strong>2017<\/strong>, Zetwerk Manufacturing Businesses Limited is a technology-led global manufacturing platform operating as an asset-light, managed marketplace. The company connects industrial and consumer enterprises with an international network of contract manufacturing partners for custom and volume production requirements. Its end-to-end platform architecture covers design support, supplier matching, quality inspection, and supply-chain logistics.\n  <\/p>\n  <p>\n    At the core of the business is its proprietary platform, <strong>Zetwerk OS<\/strong>, which provides real-time digital visibility, transparent project tracking, and workflow automation across the manufacturing lifecycle. Zetwerk serves diverse end-markets ranging from early-stage innovators to Fortune 500 corporations across utilities, renewable energy, consumer electronics, artificial intelligence hardware infrastructure, aerospace, space &amp; defence, oil &amp; gas, and precision engineering.\n  <\/p>\n\n  <ul class=\"cmr-feature-list\">\n    <li><strong>Global Marketplace Scale:<\/strong> Maintained an active ecosystem across 25+ countries with over 10,000 suppliers and 1,802 corporate clients (1,613 in India and 189 international) in FY26.<\/li>\n    <li><strong>Manufacturing Infrastructure:<\/strong> Operates 20+ specialized production facilities across India, the United States, and Mexico.<\/li>\n    <li><strong>Proprietary Technology Stack:<\/strong> Uses Zetwerk OS to manage multi-tiered supplier workflows, enabling fast turnaround times, high precision, and strong operational network effects.<\/li>\n    <li><strong>Rapid Revenue Expansion:<\/strong> Total income expanded by 40% between FY25 and FY26, climbing from \u20b911,492.23 Cr to \u20b916,100.63 Cr.<\/li>\n    <li><strong>Established Institutional Backing:<\/strong> Promoters are supported by marquee venture and private equity investors including Peak XV Partners, Lightspeed Venture Partners, Accel India, and Greenoaks Capital.<\/li>\n  <\/ul>\n\n  <p>\n    The company&#8217;s promoters are <strong>Amrit Pratik Acharya and Srinath Ramakkrushnan<\/strong>.\n  <\/p>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 FINANCIAL OVERVIEW \u2500\u2500 -->\n  <h2 class=\"section-heading\">Company Financials (Restated Consolidated)<\/h2>\n  <p>\n    Zetwerk Manufacturing Business Ltd.&#8217;s revenue increased by 40% between the financial years ending March 31, 2026 and March 31, 2025. For the quarter ended June 30, 2026, the company generated total income of \u20b94,195.70 Cr and an Adjusted EBITDA of \u20b9103.16 Cr.\n  <\/p>\n\n  <div class=\"table-container\">\n    <table class=\"fin-table\">\n      <thead>\n        <tr>\n          <th>Period Ended<\/th>\n          <th>30 Jun 2026<\/th>\n          <th>31 Mar 2026<\/th>\n          <th>30 Jun 2025<\/th>\n          <th>31 Mar 2025<\/th>\n          <th>31 Mar 2024<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr>\n          <td>Assets<\/td>\n          <td>12,016.09<\/td>\n          <td>13,384.63<\/td>\n          <td>9,083.09<\/td>\n          <td>10,355.43<\/td>\n          <td>10,330.85<\/td>\n        <\/tr>\n        <tr>\n          <td>Total Income<\/td>\n          <td>4,195.70<\/td>\n          <td>16,100.63<\/td>\n          <td>2,702.10<\/td>\n          <td>11,492.23<\/td>\n          <td>12,523.46<\/td>\n        <\/tr>\n        <tr>\n          <td>Profit After Tax<\/td>\n          <td>-732.98<\/td>\n          <td>-1,606.17<\/td>\n          <td>-1,368.47<\/td>\n          <td>-370.71<\/td>\n          <td>-917.95<\/td>\n        <\/tr>\n        <tr>\n          <td>Adjusted EBITDA<\/td>\n          <td>103.16<\/td>\n          <td>421.34<\/td>\n          <td>31.11<\/td>\n          <td>322.59<\/td>\n          <td>97.03<\/td>\n        <\/tr>\n        <tr>\n          <td>NET Worth<\/td>\n          <td>4,094.13<\/td>\n          <td>4,813.72<\/td>\n          <td>3,905.13<\/td>\n          <td>4,453.76<\/td>\n          <td>4,062.46<\/td>\n        <\/tr>\n        <tr>\n          <td>Reserves and Surplus<\/td>\n          <td>-771.23<\/td>\n          <td>-15.96<\/td>\n          <td>3,803.94<\/td>\n          <td>4,355.22<\/td>\n          <td>4,025.00<\/td>\n        <\/tr>\n        <tr>\n          <td>Total Borrowing<\/td>\n          <td>1,942.19<\/td>\n          <td>1,936.16<\/td>\n          <td>1,707.21<\/td>\n          <td>1,746.55<\/td>\n          <td>1,232.10<\/td>\n        <\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p class=\"fin-note\">Amount in \u20b9 Crore<\/p>\n\n  <!-- \u2500\u2500 KPIS (MOST RECENT: JUNE 30, 2026) \u2500\u2500 -->\n  <h2 class=\"section-heading\">Key Performance Indicators (KPI)<\/h2>\n\n  <div class=\"table-container\">\n    <table class=\"fin-table\">\n      <thead>\n        <tr>\n          <th>KPI Metric<\/th>\n          <th>Jun 30, 2026 (Recent)<\/th>\n          <th>Mar 31, 2026<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr>\n          <td>Return on Net Worth (RoNW) (%)<\/td>\n          <td>-1.74%<\/td>\n          <td>-21.11%<\/td>\n        <\/tr>\n        <tr>\n          <td>Net Asset Value (NAV) (\u20b9)<\/td>\n          <td>25.85<\/td>\n          <td>31.26<\/td>\n        <\/tr>\n        <tr>\n          <td>Price to Book Value (P\/B) (x)<\/td>\n           <td>&#8211;<\/td>\n          <td>4.83<\/td>\n        <\/tr>\n        \n      <\/tbody>\n    <\/table>\n  \n\n  <hr class=\"divider\" \/>\n\n  \n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 ISSUE RESERVATION \u2500\u2500 -->\n  <h2 class=\"section-heading\">Issue Reservation<\/h2>\n  <div class=\"table-container\">\n    <table class=\"res-table\">\n      <thead>\n        <tr>\n          <th>Investor Category<\/th>\n          <th>Allocation Share<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>QIB Shares Offered<\/td><td>Not less than 75% of the Net Offer<\/td><\/tr>\n        <tr><td>NII (HNI) Shares Offered<\/td><td>Not more than 15% of the Net Offer<\/td><\/tr>\n        <tr><td>Retail Shares Offered<\/td><td>Not more than 10% of the Net Offer<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p class=\"fin-note\">Retail allocation is capped at 10% under SEBI regulatory guidelines for loss-making issuers<\/p>\n\n\n\n  <!-- \u2500\u2500 SHAREHOLDING STRUCTURE \u2500\u2500 -->\n  <h2 class=\"section-heading\">Shareholding Structure<\/h2>\n  <div class=\"table-container\">\n    <table class=\"res-table\">\n      <thead>\n        <tr>\n          <th>Category<\/th>\n          <th>Pre IPO<\/th>\n          <th>Post IPO<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr>\n          <td>Promoter and Promoter Group<\/td>\n          <td>15.86%<\/td>\n          <td>11.36%<\/td>\n        <\/tr>\n        <tr>\n          <td>Public &amp; Institutional Investors<\/td>\n          <td>84.14%<\/td>\n          <td>88.64%<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>Total<\/strong><\/td>\n          <td><strong>100%<\/strong><\/td>\n          <td><strong>100%<\/strong><\/td>\n        <\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 OFS BREAKDOWN \u2500\u2500 -->\n  <h2 class=\"section-heading\">Offer For Sale \u2013 Major Selling Shareholders<\/h2>\n  <div class=\"table-container\">\n    <table class=\"fin-table\">\n      <thead>\n        <tr>\n          <th>Shareholder<\/th>\n          <th>Category<\/th>\n          <th>Shares Offered<\/th>\n          <th>Amount (\u20b9 Cr)<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr>\n          <td>Creovate Innovation Pvt. Ltd.<\/td>\n          <td>Promoter<\/td>\n          <td>2,29,74,820<\/td>\n          <td>346.92<\/td>\n        <\/tr>\n        <tr>\n          <td>Peak XV Partners Investments V<\/td>\n          <td>Corporate<\/td>\n          <td>1,76,11,820<\/td>\n          <td>265.94<\/td>\n        <\/tr>\n        <tr>\n          <td>Amrit Pratik Acharya<\/td>\n          <td>Promoter<\/td>\n          <td>1,42,30,672<\/td>\n          <td>214.88<\/td>\n        <\/tr>\n        <tr>\n          <td>Srinath Ramakkrushnan<\/td>\n          <td>Promoter<\/td>\n          <td>1,42,30,672<\/td>\n          <td>214.88<\/td>\n        <\/tr>\n        <tr>\n          <td>Lightspeed Venture Partners Select IV<\/td>\n          <td>Corporate<\/td>\n          <td>1,35,29,722<\/td>\n          <td>204.30<\/td>\n        <\/tr>\n        <tr>\n          <td>Kae Capital Fund II<\/td>\n          <td>Corporate<\/td>\n          <td>1,25,70,262<\/td>\n          <td>189.81<\/td>\n        <\/tr>\n        <tr>\n          <td>Accel India V (Mauritius) Ltd.<\/td>\n          <td>Corporate<\/td>\n          <td>1,20,16,622<\/td>\n          <td>181.45<\/td>\n        <\/tr>\n        <tr>\n          <td>Lightspeed India Partners II, LLC<\/td>\n          <td>Corporate<\/td>\n          <td>1,15,97,361<\/td>\n          <td>175.12<\/td>\n        <\/tr>\n        <tr>\n          <td>Other Selling Shareholders<\/td>\n          <td>Corporate \/ Others<\/td>\n          <td>1,57,63,085<\/td>\n          <td>389.03<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>Total OFS<\/strong><\/td>\n          <td><\/td>\n          <td><strong>14,45,25,036<\/strong><\/td>\n          <td><strong>2,182.33<\/strong><\/td>\n        <\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p class=\"fin-note\">Total OFS component: 14,45,25,036 equity shares aggregating \u20b92,182.33 Cr<\/p>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 OBJECTS OF ISSUE \u2500\u2500 -->\n  <h2 class=\"section-heading\">IPO Objects of the Issue<\/h2>\n  <p>The Company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:<\/p>\n  <ul class=\"objects-list\">\n    <li>\n      <span class=\"obj-label\">Repayment\/prepayment, in part or full, of borrowings availed by the Company <\/span>\n      <span class=\"obj-amt\">\u20b91,300.00 Cr<\/span>\n    <\/li>\n    <li>\n      <span class=\"obj-label\">Repayment\/prepayment, in part or full, of borrowings availed by the Company <\/span>\n      <span class=\"obj-amt\">\u20b9860.00 Cr<\/span>\n    <\/li>\n    <li>\n      <span class=\"obj-label\">Funding inorganic growth through strategic acquisitions and General Corporate Purposes<\/span>\n      <span class=\"obj-amt\">Balance<\/span>\n    <\/li>\n  <\/ul>\n  <p class=\"fin-note\">Total planned debt prepayment aggregates to \u20b92,160.00 Cr<\/p>\n\n  <!-- \u2500\u2500 VERDICT CARD \u2500\u2500 -->\n  <div class=\"cmr-verdict-card\">\n    <div class=\"cmr-verdict-title\">The Final Verdict<\/div>\n    <p>\n      Zetwerk Manufacturing Business Limited represents one of India&#8217;s largest tech-enabled contract manufacturing platforms, operating across 25+ countries with an asset-light marketplace model. The company&#8217;s proprietary software, <em>Zetwerk OS<\/em>, enables custom fabrication, rapid prototyping, and volume production across high-growth domains such as consumer electronics, aerospace, defence, renewable components, and AI hardware infrastructure.\n    <\/p>\n    <p style=\"margin-top: 10px;\">\n      Financially, the company shows significant operational scale alongside substantial bottom-line challenges. Total income expanded 40% YoY in FY26 to \u20b916,100.63 Cr, and Q1 FY27 generated \u20b94,195.70 Cr. However, the business remains deeply loss-making, posting a net loss of -\u20b91,606.17 Cr in FY26 and -\u20b9732.98 Cr in Q1 FY27, with negative reserves of -\u20b9771.23 Cr as of June 30, 2026. On the positive side, the fresh capital infusion of \u20b92,830 Cr will deploy \u20b92,160 Cr directly toward debt prepayment, which will effectively eliminate the majority of its \u20b91,942.19 Cr borrowing load and reduce finance costs. At the upper price band of \u20b9151, the offering is valued at a Price-to-Sales multiple of ~1.58x FY26 revenues against a market capitalization of \u20b925,583.25 Cr. Because of continuous losses, retail allocation is restricted to 10% under SEBI guidelines. Investors evaluating the issue must balance the potential of long-term operating leverage in outsourced manufacturing against ongoing cash burn and thin operating margins.\n    <\/p>\n  <\/div>\n\n  <!-- \u2500\u2500 CTA BUTTON \u2500\u2500 -->\n  <div class=\"cta-wrap\">\n    <a class=\"cta-btn\" href=\"https:\/\/novo.flattrade.in\/\" target=\"_blank\" rel=\"noopener\">\n      Apply for Zetwerk IPO on Flattrade &rarr;\n    <\/a>\n  <\/div>\n\n  <div class=\"source-note\">Source: Chittorgarh IPO Filings<\/div>\n\n<\/div>\n\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a2470e elementor-widget elementor-widget-text-editor\" data-id=\"9a2470e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/google.com\/preferences\/source?q=https:\/\/flattrade.in\/\" class=\"ft-google-mini-btn\">\n\n\n    <div class=\"mini-btn-content\">\n\n        <span class=\"mini-top\">\n            Stay updated with\n        <\/span>\n\n        <span class=\"mini-main\">\n\n            <span class=\"flattrade-logo\">\n                FLAT<span>TRADE<\/span>\n                <small>KOSH<\/small>\n            <\/span>\n            \n\n            on\n\n            <span class=\"google-text\">\n                <span class=\"g-blue\">G<\/span><span class=\"g-red\">o<\/span><span class=\"g-yellow\">o<\/span><span class=\"g-blue\">g<\/span><span class=\"g-green\">l<\/span><span class=\"g-red\">e<\/span>\n            <\/span>\n\n            <span class=\"arrow\">\u2197<\/span>\n\n        <\/span>\n\n        <span class=\"mini-desc\">\n            Get market insights, IPO updates, and finance explainers more easily.\n        <\/span>\n\n    <\/div>\n\n<\/a>\n\n<style>\n\n\/* =========================\n   FONT\n========================= *\/\n\n\n\/* =========================\n   GLOBAL\n========================= *\/\n\n*{\n    box-sizing:border-box;\n}\n\n\/* =========================\n   BUTTON\n========================= *\/\n\n.ft-google-mini-btn{\n\n    position:relative;\n\n    display:inline-flex;\n\n    align-items:center;\n\n    gap:14px;\n\n    width:100%;\n    max-width:420px;\n\n    padding:14px 16px;\n\n    border-radius:18px;\n\n    text-decoration:none;\n\n    overflow:hidden;\n\n    font-family:'Plus Jakarta Sans',sans-serif;\n\n    border:1px solid #e5ebf5;\n\n    background:\n    linear-gradient(\n        135deg,\n        #ffffff 0%,\n        #f8fbff 50%,\n        #f4f8fd 100%\n    );\n\n    box-shadow:\n    0 3px 8px rgba(15,23,42,0.03),\n    0 10px 20px rgba(15,23,42,0.05);\n\n    transition:\n    transform 0.25s ease,\n    box-shadow 0.25s ease;\n}\n\n\/* =========================\n   HOVER\n========================= *\/\n\n.ft-google-mini-btn:hover{\n\n    transform:translateY(-2px);\n\n    box-shadow:\n    0 8px 18px rgba(15,23,42,0.06),\n    0 18px 30px rgba(37,99,235,0.07);\n}\n\n\/* =========================\n   GOOGLE ICON\n========================= *\/\n\n.google-icon{\n\n    width:42px;\n\n    height:42px;\n\n    min-width:42px;\n}\n\n\/* =========================\n   CONTENT\n========================= *\/\n\n.mini-btn-content{\n    display:flex;\n    flex-direction:column;\n}\n\n\/* =========================\n   TOP TEXT\n========================= *\/\n\n.mini-top{\n\n    font-size:11px;\n\n    line-height:1.3;\n\n    font-weight:700;\n\n    color:#64748b;\n\n    margin-bottom:2px;\n}\n\n\/* =========================\n   MAIN TEXT\n========================= *\/\n\n.mini-main{\n\n    font-size:15px;\n\n    line-height:1.35;\n\n    font-weight:800;\n\n    color:#0f172a;\n}\n\n\/* =========================\n   FLATTRADE LOGO\n========================= *\/\n\n.flattrade-logo{\n\n    position:relative;\n\n    display:inline-block;\n\n    font-size:15px;\n\n    font-weight:800;\n\n    letter-spacing:-0.3px;\n\n    color:#111827;\n}\n\n.flattrade-logo span{\n    color:#2563eb;\n}\n\n.flattrade-logo small{\n\n    position:absolute;\n\n    right:-1px;\n\n    bottom:-5px;\n\n    font-size:4px;\n\n    font-weight:800;\n\n    color:#2563eb;\n\n    letter-spacing:0.4px;\n}\n\n\/* =========================\n   GOOGLE COLORS\n========================= *\/\n\n.google-text{\n    font-weight:800;\n}\n\n.g-blue{\n    color:#4285F4;\n}\n\n.g-red{\n    color:#EA4335;\n}\n\n.g-yellow{\n    color:#FBBC05;\n}\n\n.g-green{\n    color:#34A853;\n}\n\n\/* =========================\n   ARROW\n========================= *\/\n\n.arrow{\n    color:#2563eb;\n}\n\n\/* =========================\n   DESCRIPTION\n========================= *\/\n\n.mini-desc{\n\n    margin-top:4px;\n\n    font-size:10px;\n\n    line-height:1.5;\n\n    font-weight:500;\n\n    color:#64748b;\n}\n\n\/* =========================\n   MOBILE\n========================= *\/\n\n@media(max-width:480px){\n\n    .ft-google-mini-btn{\n\n        max-width:100%;\n\n        padding:12px 14px;\n\n        border-radius:16px;\n    }\n\n    .google-icon{\n\n        width:36px;\n\n        height:36px;\n\n        min-width:36px;\n    }\n\n    .mini-main,\n    .flattrade-logo{\n        font-size:13px;\n    }\n\n    .mini-desc{\n        font-size:9px;\n    }\n\n}\n\n.ft-google-mini-btn {\n    position: relative;\n    display: inline-flex;\n    align-items: center;\n    gap: 14px;\n    width: 100%;\n    max-width: 420px;\n    padding: 14px 16px;\n    border-radius: 18px;\n    text-decoration: none;\n    overflow: hidden;\n    font-family: 'Plus Jakarta Sans', sans-serif;\n\n    \/* --- ENHANCED BORDER --- *\/\n    border: 2px solid #2563eb; \/* Using the brand blue for a strong identity *\/\n    \/* Alternative: border: 1.5px solid #cbd5e1; for a subtle slate grey *\/\n    \n    background: linear-gradient(135deg, #ffffff 0%, #f8fbff 50%, #f4f8fd 100%);\n    box-shadow: 0 3px 8px rgba(15,23,42,0.03), 0 10px 20px rgba(15,23,42,0.05);\n    transition: all 0.25s ease;\n}\n\n\/* =========================\n   HOVER STATE BORDER\n========================= *\/\n.ft-google-mini-btn:hover {\n    transform: translateY(-2px);\n    border-color: #c5d4ff; \/* Darkens the border slightly on hover *\/\n    box-shadow: 0 8px 12px rgba(37,99,235,0.15);\n}\n\n\n\n<\/style>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-afb6cc6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"afb6cc6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5939034\" data-id=\"5939034\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-424de25 elementor-widget elementor-widget-text-editor\" data-id=\"424de25\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<a class=\"ft-inline-light-cta\" href=\"https:\/\/instakyc.flattrade.in\/Signup?utm_source=Blog&#038;utm_medium=organic&#038;utm_campaign=Zero+Brokerage\" target=\"_blank\" rel=\"noopener\">\n  <div class=\"cta-light-content\">\n    <h2>Ready to Start Investing?<\/h2>\n    <p>Open a free Demat account with Flattrade \u2013 <strong>ZERO BROKERAGE ON ALL SEGMENTS<\/strong>. Your first step costs nothing.<\/p>\n    <span class=\"cta-light-btn-element\">Open Free Account<\/span>\n  <\/div>\n<\/a>\n\n<style>\n\/* ==========================================================================\n   FLATTRADE INDEPENDENT CTA ELEMENT (PRESERVED ORIGINAL LIGHT DESIGN)\n   ========================================================================== *\/\n\n@import url('https:\/\/fonts.googleapis.com\/css2?family=Inter:wght@400;500;600;700&display=swap');\n\n.ft-inline-light-cta {\n  width: 100%;\n  max-width: 680px;\n  margin: 1.5rem auto;\n  display: flex;\n  flex-direction: column;\n  align-items: center;\n  justify-content: center;\n  text-decoration: none;\n  position: relative;\n  overflow: hidden;\n  text-align: center;\n  border-radius: 12px;\n  \n  \/* Original Light Layout Properties *\/\n  background: #ffffff;\n  color: #1a2a40;\n  padding: clamp(1.75rem, 5vw, 2.75rem) clamp(1rem, 4vw, 2.25rem);\n  box-shadow: 0 8px 24px rgba(10, 22, 40, 0.06);\n  border: 1px solid #e2e8f0;\n  font-family: 'Inter', sans-serif;\n  transition: transform 0.2s ease, box-shadow 0.2s ease;\n}\n\n\/* Original radial light brand glow element *\/\n.ft-inline-light-cta::before {\n  content: '';\n  position: absolute;\n  top: -40%;\n  right: -20%;\n  width: clamp(160px, 35vw, 280px);\n  height: clamp(160px, 35vw, 280px);\n  background: radial-gradient(circle, rgba(0, 102, 204, 0.05) 0%, rgba(0,0,0,0) 70%);\n  pointer-events: none;\n}\n\n.cta-light-content {\n  display: flex;\n  flex-direction: column;\n  align-items: center;\n  justify-content: center;\n  width: 100%;\n  position: relative;\n  z-index: 2;\n}\n\n\/* Original Title Light Styling *\/\n.ft-inline-light-cta h2 {\n  color: #0a1628;\n  font-size: clamp(19px, 3.8vw, 24px);\n  font-weight: 700;\n  margin-bottom: 10px;\n  line-height: 1.3;\n  letter-spacing: -0.02em;\n  width: 100%;\n}\n\n\/* Original Paragraph Light Styling *\/\n.ft-inline-light-cta p { \n  color: #4a5568; \n  font-size: clamp(13.5px, 2.5vw, 14.5px); \n  margin-bottom: clamp(18px, 4vw, 24px); \n  line-height: 1.55;\n  font-weight: 400;\n  width: 100%;\n  max-width: 520px;\n}\n\n\/* Original Bold Highlight Box Badge Light Styling *\/\n.ft-inline-light-cta p strong {\n  color: #0066cc;\n  font-weight: 600;\n  background: rgba(0, 102, 204, 0.08);\n  padding: 2px 6px;\n  border-radius: 4px;\n  display: inline-block;\n}\n\n\/* Original Flattrade Vivid Electric Blue Button Mapping *\/\n.cta-light-btn-element {\n  display: inline-block;\n  background: #0066cc;\n  color: #ffffff;\n  font-weight: 600;\n  font-size: clamp(13.5px, 2.5vw, 14.5px);\n  padding: 12px clamp(20px, 5vw, 36px);\n  border-radius: 6px;\n  box-shadow: 0 4px 12px rgba(0, 102, 204, 0.25);\n  white-space: nowrap;\n  width: auto;\n  transition: background 0.2s ease, transform 0.1s ease, box-shadow 0.2s ease;\n}\n\n\/* Element wrapper hover actions routing down to the synthetic button element *\/\n.ft-inline-light-cta:hover {\n  transform: translateY(-2px);\n  box-shadow: 0 12px 32px rgba(10, 22, 40, 0.1);\n}\n\n.ft-inline-light-cta:hover .cta-light-btn-element {\n  background: #0052a3; \n  box-shadow: 0 6px 18px rgba(0, 102, 204, 0.35);\n}\n\n.ft-inline-light-cta:active {\n  transform: scale(0.99);\n}\n\n.ft-inline-light-cta:active .cta-light-btn-element {\n  transform: scale(0.98);\n  box-shadow: 0 2px 6px rgba(0, 102, 204, 0.15);\n}\n\n\/* Media query adaptation for viewports under 480px width *\/\n@media (max-width: 480px) {\n  .cta-light-btn-element {\n    width: 100%;\n    text-align: center;\n    padding: 13px 16px; \n  }\n}\n<\/style>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"IPO Summary Price Band \u20b9143 \u2013 \u20b9151 FV: \u20b91 \/ share (Emp: \u20b914 off) Issue Dates Oct 15&hellip;","protected":false},"author":10,"featured_media":53692,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-53687","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ipos","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Zetwerk Manufacturing Business IPO - Flattrade Kosh<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zetwerk Manufacturing Business IPO - Flattrade Kosh\" \/>\n<meta property=\"og:description\" content=\"IPO Summary Price Band \u20b9143 \u2013 \u20b9151 FV: \u20b91 \/ share (Emp: \u20b914 off) Issue Dates Oct 15&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"Flattrade Kosh\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-14T11:37:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-14T11:44:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/10\/WhatsApp-Image-2026-10-12-at-4.12.46-PM-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Prashant Gorhe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@GorhePrashant\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prashant Gorhe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/zetwerk-manufacturing-business-ipo\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/zetwerk-manufacturing-business-ipo\\\/\"},\"author\":{\"name\":\"Prashant Gorhe\",\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/#\\\/schema\\\/person\\\/4abc93838bc7642e3e445b74cd627dc2\"},\"headline\":\"Zetwerk Manufacturing Business IPO\",\"datePublished\":\"2026-10-14T11:37:51+00:00\",\"dateModified\":\"2026-10-14T11:44:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/zetwerk-manufacturing-business-ipo\\\/\"},\"wordCount\":811,\"image\":{\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/zetwerk-manufacturing-business-ipo\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/WhatsApp-Image-2026-10-12-at-4.12.46-PM-1.jpeg\",\"articleSection\":[\"IPOs\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/zetwerk-manufacturing-business-ipo\\\/\",\"url\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/zetwerk-manufacturing-business-ipo\\\/\",\"name\":\"Zetwerk Manufacturing Business IPO - Flattrade Kosh\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/zetwerk-manufacturing-business-ipo\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/zetwerk-manufacturing-business-ipo\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/WhatsApp-Image-2026-10-12-at-4.12.46-PM-1.jpeg\",\"datePublished\":\"2026-10-14T11:37:51+00:00\",\"dateModified\":\"2026-10-14T11:44:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/#\\\/schema\\\/person\\\/4abc93838bc7642e3e445b74cd627dc2\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/zetwerk-manufacturing-business-ipo\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/flattrade.in\\\/kosh\\\/zetwerk-manufacturing-business-ipo\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/zetwerk-manufacturing-business-ipo\\\/#primaryimage\",\"url\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/WhatsApp-Image-2026-10-12-at-4.12.46-PM-1.jpeg\",\"contentUrl\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/WhatsApp-Image-2026-10-12-at-4.12.46-PM-1.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/zetwerk-manufacturing-business-ipo\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Zetwerk Manufacturing Business IPO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/#website\",\"url\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/\",\"name\":\"Flattrade Kosh\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/#\\\/schema\\\/person\\\/4abc93838bc7642e3e445b74cd627dc2\",\"name\":\"Prashant Gorhe\",\"sameAs\":[\"http:\\\/\\\/prashantgorhe.com\",\"https:\\\/\\\/www.instagram.com\\\/prashant_gorhe\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/prashantgorhe\\\/\",\"https:\\\/\\\/x.com\\\/GorhePrashant\"],\"url\":\"https:\\\/\\\/flattrade.in\\\/kosh\\\/author\\\/prashant\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Zetwerk Manufacturing Business IPO - Flattrade Kosh","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/","og_locale":"en_US","og_type":"article","og_title":"Zetwerk Manufacturing Business IPO - Flattrade Kosh","og_description":"IPO Summary Price Band \u20b9143 \u2013 \u20b9151 FV: \u20b91 \/ share (Emp: \u20b914 off) Issue Dates Oct 15&hellip;","og_url":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/","og_site_name":"Flattrade Kosh","article_published_time":"2026-10-14T11:37:51+00:00","article_modified_time":"2026-10-14T11:44:59+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/10\/WhatsApp-Image-2026-10-12-at-4.12.46-PM-1.jpeg","type":"image\/jpeg"}],"author":"Prashant Gorhe","twitter_card":"summary_large_image","twitter_creator":"@GorhePrashant","twitter_misc":{"Written by":"Prashant Gorhe","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/#article","isPartOf":{"@id":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/"},"author":{"name":"Prashant Gorhe","@id":"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/4abc93838bc7642e3e445b74cd627dc2"},"headline":"Zetwerk Manufacturing Business IPO","datePublished":"2026-10-14T11:37:51+00:00","dateModified":"2026-10-14T11:44:59+00:00","mainEntityOfPage":{"@id":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/"},"wordCount":811,"image":{"@id":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/10\/WhatsApp-Image-2026-10-12-at-4.12.46-PM-1.jpeg","articleSection":["IPOs"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/","url":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/","name":"Zetwerk Manufacturing Business IPO - Flattrade Kosh","isPartOf":{"@id":"https:\/\/flattrade.in\/kosh\/#website"},"primaryImageOfPage":{"@id":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/#primaryimage"},"image":{"@id":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/10\/WhatsApp-Image-2026-10-12-at-4.12.46-PM-1.jpeg","datePublished":"2026-10-14T11:37:51+00:00","dateModified":"2026-10-14T11:44:59+00:00","author":{"@id":"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/4abc93838bc7642e3e445b74cd627dc2"},"breadcrumb":{"@id":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/#primaryimage","url":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/10\/WhatsApp-Image-2026-10-12-at-4.12.46-PM-1.jpeg","contentUrl":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/10\/WhatsApp-Image-2026-10-12-at-4.12.46-PM-1.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/flattrade.in\/kosh\/zetwerk-manufacturing-business-ipo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/flattrade.in\/kosh\/"},{"@type":"ListItem","position":2,"name":"Zetwerk Manufacturing Business IPO"}]},{"@type":"WebSite","@id":"https:\/\/flattrade.in\/kosh\/#website","url":"https:\/\/flattrade.in\/kosh\/","name":"Flattrade Kosh","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/flattrade.in\/kosh\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/4abc93838bc7642e3e445b74cd627dc2","name":"Prashant Gorhe","sameAs":["http:\/\/prashantgorhe.com","https:\/\/www.instagram.com\/prashant_gorhe\/","https:\/\/www.linkedin.com\/in\/prashantgorhe\/","https:\/\/x.com\/GorhePrashant"],"url":"https:\/\/flattrade.in\/kosh\/author\/prashant\/"}]}},"_links":{"self":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/posts\/53687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/comments?post=53687"}],"version-history":[{"count":0,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/posts\/53687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/media\/53692"}],"wp:attachment":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/media?parent=53687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/categories?post=53687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/tags?post=53687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}