Zetwerk Manufacturing Business Limited received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (Zetwerk IPO).
The company has secured SEBI’s observations for its pre-filed draft offer document, paving the way for the next stage of the public issue process.
The proposed offering is expected to comprise a combination of a fresh issue of equity shares and an offer for sale (OFS) by existing shareholders. The final issue size and valuation will be determined through the book-building process.
Existing investors in the company include Khosla Ventures, Baillie Gifford, Rakesh Gangwal, Accel, Peak XV, GreenOak, and Lightspeed.
The Zetwerk IPO comes as the company continues to expand its technology-enabled manufacturing platform, which connects industrial demand with a distributed network of suppliers and manufacturing facilities.
Its operations span multiple industries, including energy, electronics, defence, aerospace, and capital goods. The company also operates a platform focused on industrial supply and raw material procurement.
A key component of the company’s operations is its proprietary software platform, Zetwerk OS, which manages sourcing, production planning, supplier coordination, and project execution across its supplier network.
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The Zetwerk IPO is expected to attract attention as the company operates in manufacturing segments witnessing increased activity due to changing global supply chains.
These trends include diversification of manufacturing beyond China, increased investments in data centres and infrastructure development, demand arising from the global energy transition, and industrial capacity expansion.
The company also has exposure to defence manufacturing and domestic production initiatives in India, sectors that have witnessed increasing policy focus and investment.
Founded in 2018 by Amrit Acharya and Srinath Ramakkrushnan, Zetwerk has expanded its presence through a combination of owned manufacturing facilities and an extensive global third-party supplier network.
According to the latest SEBI processing status, Zetwerk Manufacturing Business Ltd. received observations for its pre-filed IPO during the week of July 9, 2026, clearing an important regulatory milestone before launching the public issue.
