India, March 30 -- B2B manufacturing startup Zetwerk has reportedly filed DRHP for its $450 Mn (around Rs.4,200 Cr) IPO via the confidential route.

The startup is also planning to raise $50-60 Mn in a pre-IPO funding round, Moneycontrol reported, citing sources. 

Earlier, Zetwerk roped in Mahindra Capital, JM Financial, Avendus Capital, and the Indian units of HSBC, Morgan Stanley, and Goldman Sachs to helm its public listing. 

Inc42 has reached out to Zetwerk for comments on the latest development. The story will be updated on receiving a response.

The development comes a week after reports said that Zetwerk's IPO would comprise a fresh issue of shares worth nearly $300 Mn, with the offer-for-sale (OFS) component accounting...