Zetwerk Eyes $4B IPO in India, Plans to Raise $550M
Indian contract electronics manufacturer Zetwerk is preparing to file for an IPO targeting a $4 billion valuation.
Zetwerk, India's contract electronics manufacturing giant, is gearing up for a big public market debut. The company plans to confidentially file its draft IPO papers within the next one to two weeks.
The target: roughly $550 million in fresh capital at an approximate $4 billion valuation. That's a meaningful bump from its $3.1 billion private valuation in 2024.
Zetwerk operates as a contract manufacturer in the electronics space — the kind of behind-the-scenes infrastructure play that rarely grabs headlines but moves serious money. An Indian IPO of this size signals continued appetite for manufacturing-focused tech listings in the market.
The confidential filing approach gives Zetwerk flexibility to test investor sentiment before fully committing to a public timeline. If all goes to plan, this would be one of the more notable Indian tech IPOs in recent memory.