Incorporated in 2017, Zetwerk Manufacturing Businesses Private Limited is a technology-led global manufacturing platform. The Company operates as a managed marketplace connecting industrial and consumer enterprises with a global network of manufacturing partners for custom and large-scale production requirements. The company serves across sizes, from innovative startups to mature companies, and across industries, including utilities, renewables, consumer electronics, artificial intelligence infrastructure, aerospace, space & defence, oil & gas, and industrial automation.
The Company follows an asset-light business model and provides end-to-end solutions, including design, supplier matching, quality control, and logistics. The Company’s proprietary platform, Zetwerk OS, enables real-time tracking and transparency across the manufacturing lifecycle. Its key strengths include scalable manufacturing capacity, strong quality control systems, faster delivery timelines, and a diversified global customer base.
It operates across key sectors such as electronics, renewable energy, aerospace and defence, capital goods, and precision manufacturing. Zetwerk has a presence in over 25 countries and a network of 10,000+ suppliers and 1,100+ customers, including Fortune 500 companies. It also operates 20+ manufacturing facilities across India, the United States, and Mexico.
In Fiscal 2026, the company had 1,802 customers, comprising 1,613 customers within India and 189 customers outside India.
Competitive Strengths:
- Unique business model enables us to serve multiple demand pools and makes them resilient across economic cycles
- Building Capabilities to Serve Multiple Industry Verticals
- Ability to scale in a capital-efficient manner
- Zetwerk OS, their proprietary technology enables end‑to-end workflow management across the manufacturing lifecycle while driving powerful network effects across their operations
- Deep relationships with customers driving higher revenue visibility and stickiness
- Ability to add value-additive ecosystem services to the manufacturing platform
- Experienced, cycle-tested management team backed by an experienced board of directors
| Purpose | Amount (₹ Cr) |
|---|---|
| Repayment/prepayment, in part or full, of certain of or all of borrowings availed by the company | — |
| Funding inorganic growth through unidentified acquisitions and other strategic acquisitions | — |
| General Corporate Purposes | — |
| Repayment/prepayment, in part or full, of certain of or all of borrowings availed | ₹860 |
| Metric | 30 Jun 2026 | 31 Mar 2026 | 30 Jun 2025 |
|---|---|---|---|
| Total Assets | 12,016 | 13,385 | 9,083 |
| Revenue | 4,196 | 16,101 | 2,702 |
| PAT | -733 | -1,606 | -1,368 |
| EBITDA | 103 | 421 | 31 |
| Net Worth | 4,094 | 4,814 | 3,905 |
| Reserves | -771 | -16 | 3,804 |
| Total Borrowing | 1,942 | 1,936 | 1,707 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 0.30 | 99,392,146 | 29,690,892 |
| NII / HNI | 0.09 | 49,696,073 | 4,408,668 |
| Retail (RII) | 0.23 | 33,130,716 | 7,480,143 |
| Total | 0.23 | 182,918,935 | 41,764,239 |
* Amount calculated at upper price band (₹151) · ** Total includes all investor categories
- 1 Initiation of Refund 22 Oct 2026
- 2 Credit of Shares to Demat 22 Oct 2026
- Pre-issue EPS of ₹-11.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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