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Business · Updated 19 Oct, 02:17 pm IST

Zetwerk IPO fully subscribed on day three, muted retail response

Image: Inc42

Why it matters for readers: Explains who bought most shares and that the company aimed to raise over ₹5,000 crore.

  • The IPO received bids for 19.83 crore shares against 18.51 crore shares on offer, a 1.07X overall subscription.1
  • Qualified institutional buyers (QIBs) placed bids for 14.28 crore shares, oversubscribing their quota by 1.44X.1
  • Non-institutional investors (NIIs) subscribed 73% of their quota, placing bids for 3.74 crore shares against 5.13 crore reserved.1
  • The retail portion was 51% subscribed with bids for 1.71 crore shares against an allocation of 3.42 crore shares; employees slightly oversubscribed their quota by 1.12X.1
  • Zetwerk set the IPO price band at ₹143–₹151 per share for the ₹5,012.3 crore offer.1
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