.jpg)
1 hour ago
3
Article content
(Bloomberg) — Zetwerk Pvt., an Indian contract manufacturer, is preparing to publicly file for an initial public offering that could raise as much as $400 million, according to people familiar with the matter.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The Bengaluru-based company, which confidentially filed for an IPO in March, may submit updated paperwork this week and is likely to begin investor meetings this month, targeting a launch as early as September, the people said, asking not to be identified because the information is private.
Article content
Article content
Article content
Zetwerk is working with Kotak Mahindra Capital Co., JM Financial Services Ltd., Avendus Capital Pvt. and the Indian units of HSBC Holdings Plc, Morgan Stanley and Goldman Sachs Group Inc. to manage the share sale, the people said.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Deliberations are ongoing and details including the size and timing of the offering could change, they said. Representatives for Zetwerk and the banks didn’t immediately respond to requests for comment.
Article content
Zetwerk last month received feedback from the regulator on the draft documents it filed in March. Under Indian rules, companies using the confidential filing route are required to make their paperwork public at least 21 days before launching an offering.
Article content
Zetwerk would join a growing list of companies tapping India’s buoyant IPO market, where firms have raised about $7 billion so far this year. That follows a record $22 billion raised in 2025, according to data compiled by Bloomberg.
Article content
The company makes diversified industrial products for sectors including utilities, renewable energy, consumer electronics and artificial-intelligence infrastructure in India and overseas, according to its website.
Article content
Advertisement 1
English (US)