Zetwerk Manufacturing IPO
Zetwerk Manufacturing IPO is a mainboard IPO raising ₹5,012 Cr at ₹143 – ₹151 a share. It listed on 23 Oct 2026 at ₹159, +5.5% against its issue price of ₹151, and trades at ₹144 today (−4.8% since issue). It was subscribed 3.06× in total.
3.1 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 9,89,17,930 | 46,82,02,185 | 4.73× |
| Foreign Institutional Investors | no separate quota | 27,74,13,246 | n/a |
| Domestic Financial Institutions | no separate quota | 4,28,82,345 | n/a |
| Mutual funds | no separate quota | 13,56,59,799 | n/a |
| Others | no separate quota | 1,22,46,795 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 5,12,69,349 | 7,18,53,111 | 1.40× |
| Non Institutional Investors | 3,41,79,566 | 5,75,49,987 | 1.68× |
| Corporates | no separate quota | 21,09,294 | n/a |
| Individuals | no separate quota | 5,20,10,244 | n/a |
| Others | no separate quota | 34,30,449 | n/a |
| Non Institutional Investors | 1,70,89,783 | 1,43,03,124 | 0.84× |
| Corporates | no separate quota | 1,05,237 | n/a |
| Individuals | no separate quota | 1,36,60,812 | n/a |
| Others | no separate quota | 5,37,075 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 3,41,79,566 | 2,50,90,659 | 0.73× |
| Cut Off | no separate quota | 2,13,89,049 | n/a |
| Price bids | no separate quota | 37,01,610 | n/a |
| Employees | 7,00,000 | 11,14,740 | 1.59× |
| Cut Off | no separate quota | 7,99,524 | n/a |
| Price Bids | no separate quota | 3,15,216 | n/a |
| Total | 18,50,66,845 | 56,62,60,695 | 3.06× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 20 Oct, 08:15 am IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 4% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.21 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.