Zetwerk seeks $2.64B IPO amid Jio Platforms' upcoming listing
- Reports
- 4
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Zetwerk is seeking a valuation of ₹25,583 crore ($2.64 billion) in its initial public offering, which is scheduled to open on October 15 and close on October 19. Zetwerk has secured customer contracts with Siemens Gamesa, Indian Air Force, and NTPC Renewable Energy. This activity occurs as Mukesh Ambani-backed Jio Platforms is also expected to launch a large IPO on October 21.
Why it matters
The IPO of Zetwerk is part of a busy period for India’s primary market, where over 230 companies have raised $12.65 billion this year. The contracts secured by Zetwerk involve major industrial players, including Siemens Gamesa and the Indian Air Force.
Who's involved
- Mukesh AmbaniControls Jio Platforms, which is a key subsidiary of Reliance Industries Limited
- Jio PlatformsIs a technology subsidiary and operational arm of Reliance Industries Limited
- Indian Air ForceIs a customer of Zetwerk
- Siemens Gamesa Renewable EnergyIs a customer of Zetwerk
- Reliance Industries LimitedIs the parent company of Jio Platforms
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Indian Air ForceSpeculative
The success of the IPO could help secure future supply contracts for the Indian Air Force
- Siemens Gamesa Renewable EnergySpeculative
The success of the IPO could help secure future supply contracts for Siemens Gamesa
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.How it developed
Newest first. Tap a step to see who reported it.Zetwerk's investment profile expands with new anchor investors and reports client contracts with IAF and Siemens Gamesa.1 source
Ambani supports Jio Platforms; Zetwerk signs contracts with NTPC, Siemens Gamesa, and IAF.1 source
Keep exploring
The entities involved
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Mukesh Ambani
Indian businessman
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Jio Platforms
Indian telecommunications and technology company
Related events
- Meta, Google, and Silver Lake have made investments in Jio Platforms, the digital business of Mukesh Ambani, in India.
- Elon Musk criticized Mukesh Ambani over monopoly and delays, amid potential Indian security blocks on Starlink.
- Jio Platforms is promoted by Reliance Industries Limited.
- Musk and SpaceX plan to enter India's mobile carrier market using Starlink, aiming to compete with Jio Platforms.