[Update] Zetwerk's IPO Closes With 3.06X Subscription
India, Oct. 19 -- Update | October 19, 2026 20:35 IST
B2B manufacturing company Zetwerk's Rs.5,012.3 Cr IPO was oversubscribed 3.06X at the end of the final day of bidding. Investors placed bids for 56.62 Cr shares against 18.50 Cr shares on offer as of 19:00 IST, according to BSE data.
Qualified institutional buyers (QIBs) led the bidding by subscribing 4.73X of their allocation, placing bids for 46.82 Cr shares against 9.89 Cr shares earmarked for them.
Non-institutional investors (NIIs) subscribed to 1.40X of their quota, bidding for 7.18 Cr shares against 5.12 Cr shares reserved for them.
The retail portion was subscribed 73%, receiving bids for 2.50 Cr shares against an allocation of 3.41 Cr shares.
Meanwhile, the employee porti...
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