Zetwerk Manufacturing Business IPO allotment: Steps to check status online on NSE, BSE, KFin Tech; listing date, time revealed

Zetwerk Manufacturing Business IPO allotment status is likely to be finalised on Wednesday, October 21, with bid finalisation details to be available on the websites of the NSE, the BSE and KFin Technologies.

The initial public offering was subscribed to 3.06 times. The issue received bids for 56,62,60,695 shares compared to 18,50,66,845 shares on offer, according to the NSE data.

The category reserved for the qualified institutional buyers (QIBs) was subscribed 4.73 times, while the quota for non-institutional investors received 1.40 times subscription. The retail part was booked 73%.

The ₹5,012.33 crore issue comprised a fresh issuance of shares valued at ₹2,830 crore and an offer-for-sale (OFS) component of 14.45 crore shares worth ₹2,182.33 crore by existing shareholders.

The company plans to use the proceeds from the fresh issue to repay debt of the firm and its subsidiaries, fund unidentified acquisitions and meet corporate general purposes.

The company is backed by investors including Baillie Gifford, Rakesh Gangwal, Accel, Khosla Ventures, Peak XV and Lightspeed.

Founded in 2018, Zetwerk owns 26 manufacturing facilities across India, Germany, Spain and the US, and works with third-party suppliers across multiple countries.

Zetwerk Manufacturing IPO allotment date and time

The basis of allotment for Zetwerk Manufacturing Business is expected to be finalised on Wednesday, October 21, by evening.

How to check Zetwerk Manufacturing IPO allotment status online on NSE

• Click here: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Pick 'ZETWERK' from the 'Select Symbol' menu
• Add application number or PAN
• Press the 'Submit' button

Steps to check Zetwerk Manufacturing IPO allotment status online on BSE

• Head to BSE's allotment status portal: https://bseindia.com/investors/appli_check.aspx
• Issue type should be kept as 'Equity'
• Select 'Zetwerk Manufacturing Business Ltd' from the 'Issue Name' section
• Fill in either your IPO application number or PAN
• Hit the 'Search' button

Zetwerk Manufacturing IPO allotment status online on KFin Technologies

• Open the registrar's allotment status portal: https://ipostatus.kfintech.com/
• In the ‘Select IPO’ section, choose ‘Zetwerk Manufacturing Business Limited’
• Identify yourself using your PAN, IPO application number or Demat account number
• Click on the ‘Submit’ button

Zetwerk Manufacturing IPO listing date and time

Zetwerk Manufacturing Business shares will be listed on the stock exchanges on Friday, October 23, at 10 am.