Zetwerk set for Rs 5,000 crore IPO launch next week

Manufacturing services platform Zetwerk is preparing to launch its initial public offering as early as October 15, according to reports. The company is targeting a fundraise of up to $525 million at a valuation of $2.8 billion, equivalent to nearly Rs 5,000 crore.

The IPO will comprise both a fresh issue of new shares and a secondary sale by existing shareholders. This marks a significant step for the Bangalore-based company, which provides manufacturing and engineering services to enterprises globally.

The timing places Zetwerk among recent Indian startups moving toward public markets, following broader momentum in the startup ecosystem.