Zetwerk IPO Subscribed 27% On Day 2 So Far, QIB & Retail Portions Booked 32% Each

by · Inc42

SUMMARY

  • Zetwerk’s ₹5,012.3 Cr IPO was subscribed 27% as of 14:39 IST, with bids for 4.95 Cr shares against 18.51 Cr shares on offer.
  • QIB and retail subscriptions stood at 32% each, while the NII portion trailed at 13% ahead of the issue’s October 19 close.
  • The IPO comprises a fresh issue of ₹2,830 Cr and an OFS of up to 14.45 Cr shares, worth ₹2,182.3 Cr at the upper end of the ₹143-₹151 price band.