Zetwerk raises ₹2,251 crore from anchor investors before IPO
In short
Zetwerk raised ₹2,251.2 crore from anchor investors before its ₹5,012 crore IPO. It allotted 14.91 crore equity shares to 99 funds at ₹151 each, which was the top of the price range.
BlackRock, Goldman Sachs and Norway’s sovereign wealth fund were among the buyers. The money is meant to help repay debt and possibly buy other companies, but the IPO’s final result is not known yet.
What the reporting says
Zetwerk raised ₹2,251.2 crore from anchor investors before its ₹5,012 crore IPO, according to publisher-supplied reporting and a BSE circular. The company allotted 14.91 crore equity shares to 99 funds at ₹151 apiece, the upper end of the price band, with BlackRock, Goldman Sachs and Norway’s sovereign wealth fund among the investors named. The IPO is expected to fund debt repayment and potential acquisitions, but the final listing outcome is not stated.
Why it matters
Zetwerk has raised ₹2,251.2 crore from anchor investors ahead of its ₹5,012 crore IPO. The reporting says the company allotted 14.91 crore equity shares to 99 funds at ₹151 apiece, and names BlackRock, Goldman Sachs and Norway’s sovereign wealth fund among participants. The proceeds are intended for debt repayment and possible acquisitions, but the company’s listing outcome and deal timing beyond the anchor book are not stated.