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Zetwerk’s IPO subscribed over 3 times on final day

Zetwerk, a manufacturing platform, saw its IPO subscribed 3.06 times, with investors bidding for 56.54 crore shares against 18.50 crore shares on offer.

Tarun Mottlia

Via Entrackr

·Excerpt
Zetwerk’s IPO subscribed over 3 times on final day
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"Zetwerk Manufacturing Businesses, a manufacturing platform, saw its IPO subscribed 3.06 times, with investors bidding for 56.54 crore shares against 18.50 crore shares on offer. Zetwerk's initial public offering (IPO) was open for subscription from October 15-October 19, with a price band of Rs 143-151and a minimum investment of Rs 14,157 for a lot size of 99 shares. According to exchange data, the qualified institutional buyers (QIBs) portion received the highest demand, with 4.73X subscription, followed by the non-institutional investors…

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