Now Reading: Zetwerk IPO Opens at Rs 143 to 151, Listing on October 23
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Zetwerk IPO Opens at Rs 143 to 151, Listing on October 23
Zetwerk IPO opened for subscription on Thursday, 15 October, with a price band of Rs 143 to 151 per share and a total issue size of Rs 5,012.33 crore. The company raised Rs 2,251.23 crore from 99 anchor investors including SBI MF, HDFC MF, BlackRock, and the Abu Dhabi Investment Authority. For the financial year ended March 2026, Zetwerk reported a net loss of Rs 1,606.17 crore on revenue of Rs 16,100.63 crore.
The IPO has reserved 75% of the net issue for qualified institutional bidders, 15% for non-institutional investors and 10% for retail. Shares will be listed on NSE and BSE on Friday, 23 October. Brokerages are divided, with ICICIDirect, SBI Securities and Ventura advising subscribe, while BP Equities recommends avoid and Swastika Investmart rates it neutral.
Indian Opinion Analysis
Both NDTV Profit and Business Today report the Zetwerk IPO opening on 15 October in a neutral-report stance, presenting the same factual details: price band, subscription dates, anchor book, financials and brokerage ratings. Business Today adds a section of brokerage views including an 'avoid' rating from BP Equities and a 'neutral' from Swastika Investmart, while NDTV Profit omits those cautious voices, focusing on the issue's size and timeline. NDTV Profit gives the most compressed account, leaving out the anchor investor list and specific loss figures. The balanced takeaway is that coverage is uniform wire-style reporting, with Business Today offering a more comprehensive view by including both bullish and bearish analyst calls. The listing is scheduled on NSE and BSE for 23 October.
Coverage: 2 sources, 2 neutral
Sources (2): ndtvprofit.com (neutral report), businesstoday.in (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
