Zetwerk Confidential IPO Filing: Zetwerk Manufacturing Businesses is planning to list its shares on the stock exchanges. Zetwerk Manufacturing is believed to have filed preliminary papers with SEBI through the confidential route.
Zetwerk Manufacturing is seeking SEBI's approval to raise funds via IPO.
Zetwerk Manufacturing could raise funds in the range of Rs 4,000 crore to Rs 5,000 crore.
Zetwerk Manufacturing IPO could be a fresh issue and as well as an OFS by existing shareholders.
"…filed "the pre-filed draft red herring prospectus with SEBI and the stock exchanges... in relation to the proposed IPO on the main-board of the stock exchanges," Zetwerk Manufacturing said in a press release.
Zetwerk Confidential IPO Filing
Zetwerk Manufacturing's IPO related details are not known because the company has filed papers with SEBI through the confidential route.
Zetwerk Manufacturing counts investors such as Khosla Ventures, Baillie Gifford, Rakesh Gangwal, Accel, Peak XV, and Lightspeed among its backers.
Zetwerk Confidential IPO Filing
The IPO confidential route allows companies to keep their data private. Once SEBI okays the papers, companies are required to disclose the details publicly before taking forward the IPO process.
Zetwerk was founded in 2018 by Amrit Acharya and Srinath Ramakkrushnan, along with Vishal Chaudhary, Ankit Fatehpuria, and Rahul Sharma.
Zetwerk operates a technology-enabled manufacturing platform that connects industrial demand with a distributed network of suppliers and manufacturing facilities across various sectors like energy, electronics, defence, aerospace and capital goods.
