Zetwerk Makes NSE Debut At 5.5% Premium After Rs.5,012 Cr IPO
India, Oct. 23 -- B2B manufacturing company Zetwerk made its stock market debut at a 5.46% premium on the NSE at Rs.159.25 against its issue price of Rs.151. On the BSE, the shares listed at Rs.159, up 5.3% from the issue price.
The listing followed Zetwerk's Rs.5,012.3 Cr IPO, which opened for subscription on October 15 and closed on October 19. The company had set a price band of Rs.143-Rs.151 per share.
Ahead of the public issue, Zetwerk raised Rs.2,251.2 Cr from anchor investors by allotting 14.91 Cr equity shares at Rs.151 apiece on October 14.
The IPO comprised a fresh issue of Rs.2,830 Cr and an offer for sale (OFS) of 14.45 Cr shares worth Rs.2,182.3 Cr. At the issue price, Zetwerk's post-issue valuation stood at around Rs.25,5...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.