Zetwerk files updated IPO draft papers to raise Rs 2,600 crore
Contract manufacturing startup Zetwerk has filed the updated draft red herring prospectus (UDRHP) with Sebi (Securities and Exchange Board of India) on Thursday for its initial public offering (IPO) as it plans to raise up to Rs 2,600 crore through a fresh issue.
Zetwerk also has an offer for sale of up to 96,837,455 equity shares for existing shareholders to sell their stake.
The Bengaluru-based company had received Sebi approval on July 10 for its IPO. It had submitted its pre-filed DRHP through Sebi’s confidential filing route in late March.
