Zetwerk shares rise up to 5.3% in Mumbai debut after $529 million IPO

Zetwerk Ltd. raised 50.12 billion rupees ($529 million) in its IPO, which totaled 5,012.33 crore rupees comprising a fresh issue of 2,830 crore rupees and an offer‑for‑sale of 14.45 crore shares worth about 2,182 crore rupees. The stock opened on the BSE with a gain of as much as 5.3% and listed on the NSE at a 5.46% premium to the issue price, trading at ₹159.25 per share.

Why it matters: The strong debut highlights robust market demand for B2B manufacturing companies and signals confidence in India's industrial sector.

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