Zetwerk Shares List at 5% Premium in Peak XV's 30th IPO
· Business · Moneycontrol
Zetwerk Manufacturing Businesses made its stock market debut on the National Stock Exchange (NSE) at a 5% premium. The public listing marks venture capital firm Peak XV's 30th portfolio company listing. Early institutional investors in the contract manufacturer, including Lightspeed, Kae Capital, and Accel, achieved returns of up to 38x on their initial investments.
Why it matters
The successful listing provides massive exits for early venture capital investors and highlights growing public market appetite for Indian manufacturing startups.
Read the original report — Moneycontrol
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.