Zetwerk Manufacturing Business IPO Day 2: GMP ₹14 (₹-5)
Welcome back to our daily check-in on the Zetwerk Manufacturing Business IPO! It’s Day 2 of the subscription period, and the markets are watching closely. As of now, we’re seeing a complete pause in subscription activity across all categories. Let’s dive into what this means and what the latest Grey Market Premium (GMP) is telling us.
| Date | GMP | Est. Listing |
|---|---|---|
| 22 Oct | +₹1 | ₹152 |
| 21 Oct | +₹0 | ₹151 |
| 20 Oct | +₹2 | ₹153 |
| 19 Oct | +₹4 | ₹155 |
| 18 Oct | +₹7 | ₹158 |
Subscription Status
The subscription numbers for Zetwerk Manufacturing Business are currently showing zero across the board: Retail, Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB). This is an interesting, albeit unusual, situation for Day 2 of an IPO. Typically, by this stage, we’d expect to see at least some initial interest, especially from the retail segment. The absence of any bids could indicate a few things. It might suggest that investors are waiting for more information or perhaps for the subscription window to open up further before committing. It could also mean that many potential investors are still conducting their due diligence. For QIBs and NIIs, a zero subscription on Day 2 doesn’t necessarily spell doom, but it’s certainly a point of observation. They often come in towards the latter half of the subscription period. However, a complete lack of movement here warrants attention.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 0.77x | |
| NII / HNI | 1.45x | |
| QIB | 4.71x | |
| Total | 4.71x |
GMP Update
Now, let’s talk about the Grey Market Premium (GMP). Yesterday, Zetwerk Manufacturing Business was trading at a GMP of ₹19. Today, the GMP has seen a dip, standing at ₹14. This represents a decrease of ₹5 from the previous day. While a ₹5 drop might not sound substantial, it’s a shift, and in the IPO market, even small movements can be significant indicators of sentiment. The current GMP of ₹14 suggests that the market is still expecting a positive listing, with an estimated listing price of around ₹165 (Issue Price of ₹151 + GMP of ₹14). However, the downward trend from yesterday could concern some investors who were anticipating a stronger upward momentum in the GMP. It’s a reminder that GMPs are speculative and can fluctuate based on market sentiment and subscription levels.
Should You Apply?
So, the big question: should you be applying for the Zetwerk Manufacturing Business IPO? The current scenario presents a mixed bag. On one hand, the zero subscription numbers on Day 2 are unusual and might make some investors hesitant. It’s a waiting game, and it’s crucial not to jump in without careful consideration. However, the fact that the GMP, despite its slight dip, still indicates a potential listing gain of approximately ₹14 per share is encouraging. The expected listing price of ₹165 offers a decent upside from the issue price of ₹151. It’s also worth remembering that the IPO period runs until October 19, 2026, giving investors ample time to assess the situation. SEBI registered investment advisors often suggest looking at a company’s fundamentals, the industry outlook, and the overall market sentiment, in addition to subscription figures and GMP. The lot size is 99 shares, so keep that in mind when calculating your investment. The bottom line is, if you’re considering applying, it’s wise to wait for more subscription data to come in and observe if the GMP stabilizes or recovers. Don’t rush your decision. You can always get more details and track the IPO’s progress here: View Full Zetwerk Manufacturing Business IPO Details.