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Zetwerk's ₹5,012.33 crore initial public offering was subscribed 0.23 times on the first day of bidding on 15 October, according to exchange data recorded at the close of the session.
Qualified institutional buyers, excluding anchor investors, bid for 0.30 times their allocation. Retail investors subscribed 0.23 times and non-institutional investors 0.09 times.
The issue is priced at ₹143 to ₹151 per share, valuing the company at about ₹25,583 crore at the upper end. It comprises a fresh issue of ₹2,830 crore and an offer for sale of 14.45 crore shares worth ₹2,182.33 crore, with ₹2,160 crore of the fresh proceeds earmarked for repaying borrowings at the company and certain subsidiaries.
1 report filed for Friday 16 October 2026, compiled from company statements, registry filings and StartupFox reporting. Figures marked reported were not confirmed by the companies named.
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