Trilegal advised Zetwerk Manufacturing Businesses on its INR 50,123.28 million IPO

Trilegal advised Zetwerk Manufacturing Businesses Limited (formerly known as Zetwerk Manufacturing Businesses Private Limited) in relation to the Initial Public Offering of 332,007,155 Equity Shares of face value INR 1, aggregating to INR 50,123.28 million of Zetwerk Manufacturing Businesses Limited (formerly known as Zetwerk Manufacturing Businesses Private Limited).

The initial public offer of 332,007,155 Equity Shares of face value INR 1, aggregating to INR 50,123.28 million, comprising of Fresh Issue of 187,482,119, Equity Shares of face value INR 1 each aggregating to INR 28,300.00 million and Offer for Sale of 144,525,036 Equity Shares of face value INR 1 aggregating to INR 21,823.28 million by the Selling Shareholders.

Zetwerk is a technology-led, asset-light manufacturing platform for industrial and consumer goods in India and globally. They aggregate manufacturing capacity across a network of third-party suppliers and their own facilities into a “universal factory,” unified through Zetwerk OS, their proprietary technology backbone. Their customers range across sizes, from innovative startups to mature companies, and across industries, including utilities, renewables, consumer electronics, artificial intelligence infrastructure, aerospace, space & defence, oil & gas, and industrial automation.

This was one of the few initial public offerings during Fiscal 2027 where the size of the fresh issue was increased post filing of the draft offer document (from INR 26,000.00 million to INR 28,300.00 million).

The Trilegal Capital Markets team advising on this matter was led by Partners: Vijay Parthasarathi and Vinay Sirohia; and supported by Senior Associates: Harshvardhan Lahiri and Prajna Kariappa K; Associates: Sanath Rajesh, Shubh Dutta Ojha and Rishabh Shah; and Trainee Associate: Sanchit Gupta.

The Trilegal Corporate team advising on this matter was led by Partner: Kosturi Ghosh and Adhunika Premkumar; and supported by Associates: Shreejith R. and Aayush Gupta.

About Trilegal

Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. Operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country, with offices across Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City.

Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Law Firm of the Year at the ET Global Legal Awards 2026, Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, and M&A Firm of the Year by IFLR Asia-Pacific in 2024.

For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.