Zetwerk’s $518-mn IPO fully subscribed on final day of bidding

Zetwerk Manufacturing Businesses' $518 million IPO was fully subscribed on Monday, the final day of bidding, driven by demand from qualified institutional buyers. The offering values the company at up to ₹25,583 crore ($2.69 billion), with the price band set at ₹143-151 per share. The IPO comprises fresh shares and an offer for sale by early investors and co-founders.