business
Accel sells partial stake in Zetwerk's ₹5,012 crore IPO
Accel sells a partial stake in Zetwerk's ₹5,012 crore IPO.
Key points
- Kae Capital Fund II and Kalysta Capital Fund II saw a 38.3X return based on a weighted average acquisition cost of ₹3.94 per share.
- Zetwerk's IPO closed with a 3.06X subscription, attracting bids for 56.62 Cr shares against 18.50 Cr shares on offer.
- Peak XV Partners Investments V and Peak XV Partners Growth Investments III collectively pocketed ₹359.3 Cr.
Why it matters. The IPO provides significant liquidity and high return multiples for early backers of the manufacturing company Zetwerk.
Accel trimmed its stake in Zetwerk's ₹5,012 crore IPO in Bengaluru on October 25, 2026. The venture capital firm remains bullish on its remaining holding in the manufacturing platform. Accel had previously rejected the founders' initial software idea in late 2018 before investing after a model change.
Latest updates
Accel sells partial stake in Zetwerk's ₹5,012 crore IPO
Accel is selling a portion of its stake in Zetwerk's ₹5,012 crore IPO, marking a shift from its initial decision to reject the company. The VC firm stated it remains bullish on the manufacturing platform's long-term prospects. Zetwerk's public listing puts its software-led manufacturing model and its path toward profitability under investor scrutiny. Accel will retain a significant portion of its remaining shares following the offering.
Zetwerk Lists On NSE At 5.5% Premium Following ₹5,012 Crore IPO
Zetwerk shares listed at ₹159.25 on the NSE and ₹159 on the BSE, representing a gain of approximately 5.3% to 5.5% from the issue price. The listing follows a ₹5,012.3 crore IPO that was open for subscription from October 15 to October 19. The company had previously established a price band of ₹143-₹151 per share. The debut reflects steady investor interest in the B2B manufacturing sector.
Kae Capital and Kalysta Capital earn 38.3X returns from Zetwerk IPO
Kae Capital Fund II and Kalysta Capital Fund II emerged as top gainers in Zetwerk's offer for sale. The funds sold shares at the IPO price band's upper limit of ₹151 per share. This sale price represents a 38.3X increase over their weighted average acquisition cost of ₹3.94 per share. Lightspeed reportedly pocketed ₹440 crore from the exit.