Zetwerk selects banks for $500 million India IPO

BloombergLast Updated: Jan 14, 2025, 10:00:00 PM IST

Synopsis

Indian manufacturing steadfast Zetwerk Pvt is readying an archetypal nationalist offering successful Mumbai, aiming to rise astatine slightest $500 million. The institution is moving with respective banks and could beryllium valued astatine astir $5 billion. Zetwerk aims to database this twelvemonth and is backed by investors including Peak XV Partners and Lightspeed India Partners.

Indian manufacturing and logistics steadfast Zetwerk Pvt has picked banks for a imaginable Mumbai archetypal nationalist offering that could rise astatine slightest $500 million, according to radical acquainted with the matter.

The Bengaluru-based institution has selected Axis Capital Ltd., Goldman Sachs Group Inc., Jefferies Financial Group Inc., JM Financial Ltd., JPMorgan Chase & Co. and