{
  "id": 14928580,
  "title": "Zetwerk IPO Subscribed 27% On Day 2 So Far, QIB & Retail Portions Booked 32% Each",
  "url": "https://urgent.news/2026/10/16/zetwerk-ipo-subscribed-27-on-day-2-so-far-qib-retail-portions-booked",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T09:32:27.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/zetwerk-ipo-subscribed-27-on-day-2-so-far-qib-retail-portions-booked-32-each/"
  },
  "original_language": "en",
  "account": "Zetwerk's ₹5,012.3 Cr IPO saw a 27% subscription on the second day of bidding, with 4.95 Cr shares offered against 18.51 Cr shares available. Non-institutional investors subscribed 13% of their quota, while Qualified Institutional Buyers (QIBs) and the retail portion also subscribed 32% and 32% of their respective allocations. Zetwerk's IPO, which opened on September 18, closes on October 19 and aims for a valuation of around ₹25,583 Cr at the upper end. The company, founded in 2018, offers a full-stack manufacturing platform serving various industries and has raised over $900 Mn in funding. Operating revenue from continuing operations increased 55.4% to ₹4,117.9 Cr, while net loss narrowed 46.4% to ₹733 Cr.",
  "summary": "B2B manufacturing company Zetwerk’s ₹5,012.3 Cr IPO was subscribed 27% on the second day of bidding today. Investors placed bids…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}