From The Economic Times · Kumar Gaurav · · 1m 30s
BlackRock, Goldman Sachs, Nomura lead Zetwerk IPO anchor bids
BlackRock, Goldman Sachs and Nomura secured Rs 2,251 crore in anchor bids for Zetwerk's Rs 5,012 crore IPO.
In brief
BlackRock, Goldman Sachs and Nomura secured Rs 2,251 crore in anchor bids for Zetwerk's Rs 5,012 crore IPO. Zetwerk Manufacturing Businesses raised Rs 2,251 crore from anchor investors ahead of its October 15 IPO launch. Originally reported by The Economic Times.
Zetwerk anchor investors
BlackRock, Goldman Sachs and Nomura participated in Zetwerk's anchor book ahead of its IPO launch.
“BlackRock, Goldman Sachs, Nomura join Zetwerk's Rs 2,251 crore anchor book ahead of IPO launch”
Anchor investment details
Zetwerk mopped up Rs 2,251.23 crore from 99 anchor investors on October 14.
IPO funding target
The company seeks to raise Rs 5,012.33 crore through its maiden share sale.
Anchor share allocation
Zetwerk allocated 14,90,88,220 equity shares at Rs 151 per share including Rs 150 share premium.
Key institutional investors
Nomura India Investment Mother Fund received 3,311,253 shares worth nearly Rs 50 crore.
Goldman Sachs allocations
Goldman Sachs Funds received 2,980,098 shares worth around Rs 45 crore while Goldman Sachs ETF Trust got 331,155 shares worth Rs 5 crore.
BlackRock allocations
BlackRock Global Funds, India Fund received 1,910,304 shares worth Rs 28.85 crore and other BlackRock funds got additional shares.
Domestic mutual funds
SBI, ICICI Prudential, HDFC and other mutual funds received 6,80,12,406 equity shares.
Life insurance participation
Seven life insurance companies received 1,10,10,346 shares from the anchor allocation.
IPO timeline
Zetwerk's IPO opens for subscription on October 15 and closes on October 19, 2026.
The headline
Zetwerk Manufacturing Businesses raised Rs 2,251 crore from anchor investors ahead of its October 15 IPO launch.
