Zetwerk Manufacturing Businesses Limited IPO
Offer terms, application timeline, financial context and company details in one place.
Issue at a glance
- Issue size
- ₹0.43 crore
- Face value
- ₹1
- Issue method
- Book Building
- Fresh issue
- ₹0.43 crore
- Symbol
- ZETWERK
- ISIN
- INE09PO01019
Subscription
1.37×overall subscribed
Demand by bid price
About the company
Incorporated in 2017, Zetwerk Manufacturing Businesses Private Limited is a technology-led global manufacturing platform. The Company operates as a managed marketplace connecting industrial and consumer enterprises with a global network of manufacturing partners for custom and large-scale production requirements. The company serves across sizes, from innovative startups to mature companies, and across industries, including utilities, renewables, consumer electronics, artificial intelligence infrastructure, aerospace, space & defence, oil & gas, and industrial automation. The Company follows an asset-light business model and provides end-to-end solutions, including design, supplier matching, quality control, and logistics. The Company’s proprietary platform, Zetwerk OS, enables real-time tracking and transparency across the manufacturing lifecycle.
Financial snapshot
| Period Ended | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| Assets | 12,016.09 | 13,384.63 | 10,355.43 | 10,330.85 |
| Total Income | 4,195.70 | 16,100.63 | 11,492.23 | 12,523.46 |
| Profit After Tax | -732.98 | -1,606.17 | -370.71 | -917.95 |
| EBITDA | 141.22 | -353.52 | 293.33 | -293.53 |
| NET Worth | 4,094.13 | 4,813.72 | 4,453.76 | 4,062.46 |
| Reserves and Surplus | -771.23 | -15.96 | 4,355.22 | 4,025.00 |
| Total Borrowing | 1,942.19 | 1,936.16 | 1,746.55 | 1,232.10 |
What to consider
Business strengths
- Unique Resilient Business ModelThe platform transforms fragmented capacity across thousands of third-party suppliers and own facilities into a unified network, allowing the company to serve multiple industries and geographies reliably, making it resilient across economic cycles.
- Capital-Efficient ScalabilityThe hybrid, technology-driven manufacturing platform combines scalability of a distributed supplier network with selective own capacity for complex manufacturing, enabling growth without a corresponding rise in invested capital while capturing higher margins.
- Proprietary Zetwerk OS TechnologyThe company's proprietary Zetwerk OS standardises the manufacturing lifecycle, managing thousands of concurrent projects across suppliers, geographies and categories, enabling network effects and operational control at scale.
Key risks
- History of LossesThe company incurred restated losses for the period/year from continuing operations ranging from ₹641.29 million to ₹9,643.93 million across recent periods, and certain subsidiaries have also incurred losses, which if repeated could adversely affect financial condition and cash flows.
- Dependence on Third-Party SuppliersThe company relies heavily on third-party suppliers for manufacturing and raw materials, exposing it to price volatility, capacity and quality issues, supply disruptions, and trade and foreign exchange risks that could adversely affect business and results of operations.
- Customer Industry ConcentrationThe company's Manufacturing Business depends on the performance of industries including renewables, AI infrastructure, oil & gas, consumer electronics, and defence & aerospace, and a downturn in any of these industries could adversely affect the business.