B2B Manufacturing Firm Advances Public Listing Plans
Zetwerk, a business to business manufacturing technology company, has confidentially filed draft papers for an initial public offering, according to people aware of the development. The company is aiming to raise up to Rs 4,200 crore, or about $450 million, through the proposed issue.The company did not immediately respond to queries regarding the filing.Top Investment Banks Roped In for Issue
The IPO is being managed by a consortium of leading investment banks, including Kotak Mahindra Capital, JM Financial, and Avendus Capital, along with the Indian units of HSBC, Morgan Stanley, and Goldman Sachs.Pre IPO Fundraise Under Consideration
Alongside its listing plans, Zetwerk is in...