Zetwerk IPO: Kae Capital, Accel, Peak XV and Lightspeed set to realise ₹1,215 crore
At the issue price of ₹151 per share, the investors are monetising stakes accumulated at significantly lower prices
Zetwerk Manufacturing Businesses is set to realise around ₹1,215 crore through its ₹5,012-crore initial public offering (IPO), with venture capital firms Kae Capital, Accel, Peak XV Partners, and Lightspeed Venture Partners selling part of their holdings. The IPO comprises a fresh issue of ₹2,830 crore and an offer-for-sale (OFS) of ₹2,182 crore.
The investors are monetising stakes accumulated at significantly lower prices, with Kae Capital Fund II set to realise around ₹190 crore and Accel India V set to realise approximately ₹181 crore.
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