Zetwerk Manufacturing share price: Stock lists at over 5% premium on BSE, NSE - Check listing price, market cap

Zetwerk Manufacturing Share Price: Shares of Zetwerk Manufacturing, a technology-led global manufacturing platform, listed on the BSE and NSE at a premium of over 5 per cent against the IPO issue price of Rs 151 on Friday, October 23. The listing came after the company's initial public offering (IPO) received an overall subscription of 3.06 times.

On the BSE, Zetwerk Manufacturing shares debuted at Rs 159, a premium of Rs 8 or 5.30 per cent over the issue price. On the NSE, the stock listed at Rs 159.25, marking a premium of 5.46 per cent.

The company's market capitalisation stood at Rs 26,938.65 crores on the BSE.

Zetwerk Manufacturing IPO Subscription Status

According to data available on the NSE, Zetwerk Manufacturing IPO received an overall subscription of 3.06 times at the end of Day 3. Qualified Institutional Buyers (QIBs) led the demand, followed by employees and non-institutional investors.

The category-wise subscription status was as follows:

The IPO received a stronger response from institutional investors, while the retail individual investor portion was subscribed 0.73 times.

Zetwerk Manufacturing IPO GMP Today

The grey market premium (GMP) for Zetwerk Manufacturing IPO stood at Rs 1 ahead of the listing on October 23. Based on the issue price of Rs 151 and the GMP of Rs 1, the estimated listing price stood at Rs 152, indicating a potential listing premium of around 0.66 per cent.

According to the available grey market data, Zetwerk Manufacturing IPO's GMP declined from Rs 23 on October 13 to Rs 1 on October 23. The estimated listing gain consequently fell from over 15 per cent to less than 1 per cent.

This decline in the grey market premium came despite the IPO receiving an overall subscription of around 3.1 times.

About Zetwerk Manufacturing IPO

Zetwerk Manufacturing Business operates a technology-led manufacturing platform that connects customers with nearly 7,000 third-party suppliers. The company also operates 26 manufacturing facilities globally.

Zetwerk Manufacturing IPO was a book-built issue worth Rs 5,012.33 crores. The issue comprised a fresh issue of 18.75 crore shares aggregating to Rs 2,830.00 crores and an offer for sale (OFS) of 14.45 crore shares aggregating to Rs 2,182.33 crores.

The IPO lot size was 99 shares. The minimum investment required for an individual retail investor was Rs 14,949.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)