Zetwerk Is Said to Plan Public Filing for $400 Million India IPO

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Or sign-in if you have an account.(Bloomberg) — Zetwerk Pvt., an Indian contract manufacturer, is preparing to publicly file for an initial public offering that could raise as much as $400 million, according to people familiar with the matter.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Bengaluru-based company, which confidentially filed for an IPO in March, may submit updated paperwork this week and is likely to begin investor meetings this month, targeting a launch as early as September, the people said, asking not to be identified because the information is private. Zetwerk is working with Kotak Mahindra Capital Co., JM Financial Services Ltd., Avendus Capital Pvt. and the Indian units of HSBC Holdings Plc, Morgan Stanley and Goldman Sachs Group Inc. to manage the share sale, the people said.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againDeliberations are ongoing and details including the size and timing of the offering could change, they said. Representatives for Zetwerk and the banks didn’t immediately respond to requests for comment.Zetwerk last month received feedback from the regulator on the draft documents it filed in March. Under Indian rules, companies using the confidential filing route are required to make their paperwork public at least 21 days before launching an offering.Zetwerk would join a growing list of companies tapping India’s buoyant IPO market, where firms have raised about $7 billion so far this year. That follows a record $22 billion raised in 2025, according to data compiled by Bloomberg.The company makes diversified industrial products for sectors including utilities, renewable energy, consumer electronics and artificial-intelligence infrastructure in India and overseas, according to its website. This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.