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Business · Updated 12 Oct, 12:23 pm IST

Zetwerk sets IPO price band at ₹143-₹151 for ₹5,012 crore issue

Image: Inc42

Why it matters for readers: Gives basic facts about when you can apply, the price range, and the company’s aim to reduce debt with the funds.

  • Zetwerk’s IPO price band is ₹143–₹151 per share and the total issue is up to ₹5,012.3 crore at the upper end.12
  • The offer includes a fresh issue of ₹2,830 crore and an offer-for-sale (OFS) of up to 14.45 crore shares worth about ₹2,182.3 crore at the top end.1
  • Zetwerk plans to use about ₹2,160 crore (roughly 76% of the fresh issue) to repay or prepay borrowings.1
  • The public subscription opens on October 15 and closes on October 19, with anchor investor bidding set for October 14.1
  • Promoters Amrit Pratik Acharya and Srinath Ramakkrushnan will each sell up to 1.42 crore shares, and other selling shareholders include funds tied to Peak XV, Accel India and Lightspeed.1
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How this story developed

  1. 12 Oct, 10:55 am · Inc42

    Zetwerk Sets IPO Price Band At ₹143-₹151 For ₹5,012 Cr Issue

  2. 12 Oct, 12:23 pm · YourStory

    Zetwer sets IPO price band at Rs 143-151, aims to raise Rs 5,012 Cr