# Zetwerk files IPO papers, to raise Rs 2,600 crore 2026-08-15T12:38:29+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Zetwerk Manufacturing Businesses has filed updated IPO papers to raise Rs 2,600 crore through a fresh issue, with Rs 1,800 crore earmarked for debt repayment. The IPO also includes an offer for sale of 96.84 million shares by early investors and promoters. The Business Line reports the company logged a Rs 12,300-crore order book for FY26, up 40% year-on-year, while revenue grew 40% to Rs 15,900 crore. Zetwerk now operates 26 captive plants, up from 7% of manufacturing revenue two years ago to 33% now. International business rose to about Rs 2,800 crore in FY26 from Rs 2,300 crore a year earlier, helped by the China+1 shift. Energy accounts for 70% of manufacturing revenue, while precision manufacturing, including defence, contributes 15%. The company reported a pre-tax loss of Rs 916 crore on one-off charges. Customers include Schneider Electric, Indian Oil, Siemens and Acer. The primary market has revived after a subdued first half, with 22 companies launching IPOs since July. ## Coverage - thehindubusinessline.com - thehindubusinessline.com Tags: Europe, United States, Zetwerk Canonical: https://indianopinion.org/zetwerk-files-ipo-papers-with-rs-2600-crore-fresh-issue/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/zetwerk-files-ipo-papers-with-rs-2600-crore-fresh-issue/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.