India, March 21 -- B2B manufacturing startup Zetwerk is reportedly looking to raise up to $550 Mn via its initial public offering (IPO) at a likely valuation of nearly $4 Bn. 

Sources told Reuters that the company's public issue will comprise a fresh issue of shares worth nearly $300 Mn, with the offer-for-sale (OFS) component accounting for the remaining. 

As per the report, the startup will likely file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in the next one to two weeks. With this, the B2B manufacturing giant is eyeing a listing later this year. 

The company has reportedly already roped in Kotak Mahindra Capital, JM Financial, Avendus Capital, and the Indian units ...