Zetwerk IPO: one-of-a-kind manufacturing platform with a profitability problem
New Delhi, Oct. 14 -- Zetwerk, a manufacturing and procurement platform, is raising Rs.5,012 crore through its market debut. The initial public offering (IPO), priced Rs.143-151 per share, will open for subscription on 15 October and close on 19 October. Comprising a fresh issue of Rs.2,830 crore with the balance being an offer for sale, the company is seeking a valuation of about Rs.25,500 crore.
Customer metrics offer some evidence to this effect. Revenue from repeat customers accounted for over 80% of manufacturing business revenue in FY26, against an average of 84% since FY22. Median net revenue retention between FY23 and FY26 stood at 129%, indicating that spending by retained customers generally expanded. But for this moat to...
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