Zetwerk IPO: Kae Capital, Kalysta Bag 38.3X Returns, Lightspeed Pockets ₹440 Cr
Early backers Kae Capital Fund II and Kalysta Capital Fund II bagged 38.3X returns on shares sold through manufacturing company…
Early backers Kae Capital Fund II and Kalysta Capital Fund II saw significant returns on their investment in manufacturing company Zetwerk through its IPO. Kae Capital Fund II earned 38.3 times its weighted average acquisition cost of ₹3.94 per share, selling shares at ₹151 each. They achieved a ₹196.3 Cr payout by selling around 1.3 Cr shares.
Kalysta Capital Fund II also profited, earning ₹63.3 Cr from the sale of 41.9 Lakh shares. Both firms retained sizable shares after the sale, with Kae Capital Fund II holding 4.3 Cr shares worth ₹649.3 Cr and Kalysta Capital Fund II holding 1.4 Cr shares valued at ₹211.4 Cr. Zetwerk's IPO garnered a 3.06X subscription, with 56.62 Cr shares bid for against 18.50 Cr shares on offer. The company's shares are set to list on exchanges the following day.
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