Zetwerk Manufacturing Business IPO Subscription Status Day 2: Issue Subscribed 0.31 Times

Mumbai, October 16: The Zetwerk Manufacturing Business IPO was subscribed 0.31 times overall as of 5:03 PM on October 16, 2026, according to the subscription data provided. Retail investors and qualified institutional buyers (QIBs), excluding anchor investors, each recorded subscription of 0.37 times, while the non-institutional investor (NII) category stood at 0.17 times. The ₹5,012.33 crore bookbuilding issue opened on October 15 and will close on October 19, 2026. The offering comprises a fresh issue of 18,74,82,119 shares aggregating to ₹2,830 crore and an offer for sale of 14,45,25,036 shares worth approximately ₹2,182.33 crore. The price band is ₹143 to ₹151 per share, with a lot size of 99 shares.

Zetwerk Manufacturing Business IPO Day 2 Subscription Status

As of 5:03 PM on October 16, 2026, the IPO had received bids for 5,75,89,983 shares against 18,29,18,935 shares offered across the reported categories, excluding anchor investors. The exchange snapshot recorded 1,06,546 applications. The QIB category, excluding anchor investors, was subscribed 0.37 times. Retail subscription also stood at 0.37 times, while the NII category recorded 0.17 times subscription. Within NII, the big NII segment, comprising applications above ₹10 lakh, was subscribed 0.18 times, compared with 0.15 times for the small NII segment. The employee category recorded subscription of 0.48 times against its reserved portion of 7,00,000 shares.

Subscription figures are based on the snapshot provided for October 16, 2026, at 5:03 PM. The anchor investor allocation is excluded from the overall subscription calculation.

Zetwerk Manufacturing Business IPO Day-wise Subscription Summary

The IPO recorded overall subscription of 0.23 times on October 15, its first day, before rising to 0.31 times on October 16. Retail subscription increased from 0.23 times to 0.37 times, while QIB subscription, excluding anchor investors, moved from 0.30 times to 0.37 times. NII subscription rose from 0.09 times to 0.17 times over the same period.

Zetwerk Manufacturing Business IPO Timeline

The basis of allotment is scheduled for October 21, 2026. Refunds and credit of shares are expected on October 22, followed by the tentative listing on the BSE and NSE on October 23, 2026.

Brief Overview Of The Zetwerk Manufacturing Business IPO

The Zetwerk Manufacturing Business IPO is a ₹5,012.33 crore bookbuilding issue comprising a fresh issue of 18,74,82,119 shares aggregating to ₹2,830 crore and an offer for sale of 14,45,25,036 shares worth approximately ₹2,182.33 crore. The issue opened on October 15 and will close on October 19, 2026. The price band is ₹143 to ₹151 per share, and the minimum application size is 99 shares. At the upper price band, the minimum retail investment is ₹14,949. The net offer to the public comprises 75% allocated to QIBs, 15% to NIIs and 10% to retail investors. The issue also includes a reservation of up to 70,00,000 shares for employees, offered at a discount of ₹14 per share to the issue price. Kotak Mahindra Capital Co. Ltd. is the book-running lead manager, while KFin Technologies Ltd. is the registrar to the issue. The company is scheduled to list on the BSE and NSE, with October 23, 2026, set as the tentative listing date.

Source: 

• https://www.nseindia.com/market-data/issue-information?symbol=ZETWERK&series=EQ&type=Active