Zetwerk files updated IPO papers with Sebi; plans to raise Rs 2,600-cr via fresh issue

Zetwerk Manufacturing Business Ltd has updated its IPO papers to initiate a substantial Rs 2,600 crore offering. The funds raised are earmarked for paying off debts and making strategic acquisitions. Over recent fiscal years, the company has seen remarkable revenue growth and its order book has doubled. Functioning as a tech-driven manufacturing network with global reach, Zetwerk caters to various sectors, including renewable energy and defence.