Zetwerk IPO: Kae Capital, Kalysta Bag 38.3X Returns, Lightspeed Pockets ₹440 Cr

Early backers Kae Capital Fund II and Kalysta Capital Fund II bagged 38.3X returns on shares sold through manufacturing company Zetwerk’s IPO, emerging among the biggest gainers in its offer for sale (OFS). At ₹151 apiece, the upper end of the IPO price band, the sale price was 38.3 times the two funds’ weighted average acquisition cost of ₹3.94 per share. Kae Capital Fund II pocketed ₹196.3 Cr by selling around 1.3 Cr shares, while Kalysta Capital Fund II received ₹63.3 Cr from the sale of 41.9