AI Infrastructure Tailwinds: Zetwerk's Rs5,012 Crore IPO Opens With a Massive Rs2,000 Crore US Data Centre Order Book
India, Oct. 15 -- Chairperson, Managing Director and CEO Amrit Pratik Acharya said the company won roughly Rs. 2,000 crore of orders for a single product last year. He was referring to transformers used in US data centres, and said the orders are expected to turn into revenue in the coming period. The US already contributes nearly 30% of the manufacturing business's revenue, and Zetwerk intends to keep investing there as demand for power equipment rises with the build-out of AI and data centre infrastructure. Management did not give a target for how much international business should contribute to overall revenue.
IPO Structure, Price Band and Reservation
The issue combines a fresh issue of 18.75 crore shares worth Rs. 2,830 crore with ...
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