Technology-Enabled Contract Manufacturing - Listed on 23 October 2026
Zetwerk Manufacturing Businesses (Technology-Enabled Contract Manufacturing) closed its IPO window in 2026 and listed on NSE and BSE on 23 October 2026 at an upper band issue price of Rs 151, opening at Rs 159 for a listing gain of +5.3% and closing day one at Rs 135.09 (-10.5% on closing basis). The IPO was subscribed 3.06x overall - QIB 4.73x, HNI/NII 1.40x, Retail 0.73x. The total issue size was Rs 5,012.33 Cr (Fresh Issue Rs 2830 Cr, OFS Rs 2182.33 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Technology-Enabled Contract Manufacturing
Zetwerk Manufacturing Businesses operates a technology-enabled manufacturing platform connecting customers with manufacturing partners across industrial and consumer product categories.
Issue structure, listing outcome and context
The ₹5,012.33 crore IPO comprised a ₹2,830 crore fresh issue and an offer for sale of approximately ₹2,182.33 crore, priced at ₹151 per share. Shares listed on 23 October 2026 at ₹159. The reported latest traded price was ₹135.09.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | - | - |
| Day 2 | - | - |
| Day 3 | - | +2.30% |
| Day 4 | - | - |
| Day 5 | - | - |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Prediction Accuracy: 2.4 pp (Highly accurate)
How the broader market moved around the Zetwerk Manufacturing Businesses IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Zetwerk Manufacturing Businesses IPO listed at +5.3% versus the upper issue price of Rs 151 on 23 October 2026.
Zetwerk Manufacturing Businesses IPO was subscribed 3.06x overall. QIB portion was subscribed 4.73x, HNI / NII 1.40x and Retail 0.73x.
Day-by-day IPO GMP data for Zetwerk Manufacturing Businesses is listed in the table above.