Zetwerk Raises ₹2,251 Cr From Anchor Investors Ahead Of IPO

Manufacturing company Zetwerk has raised ₹2,251.2 Cr from anchor investors ahead of the opening of its initial public offering (IPO) for public subscription on October 15. The company allotted 14.91 Cr equity shares to anchor investors at ₹151 apiece, the upper end of its IPO price band. Domestic mutual funds accounted for around 46% of the anchor book, picking up 6.80 Cr shares through 61 schemes across 22 fund houses.