BUZZ — India's Zetwerk Manufacturing's $518 — mln IPO opens for subscription

* Zetwerk Manufacturing Businesses' $518-mln IPO opens for subscription, with the three-day bidding process to remain open till Oct 19 * Industrial and consumer products maker is targeting a valuation of 255.83 billion rupees ($2.69 billion), at the top end of the IPO price band of 143 to 151 rupees per share * On Wednesday, co allotted shares worth 22.51 billion rupees in IPO anchor book at 151 rupees apiece * IPO comprises fresh issue of shares worth up to 28.3 bln rupees and sale of up to 144.53 mln shares by existing investors * Proceeds from the fresh shares issue to be used to repay debt of co, its subsidiaries * Zetwerk's trading debut likely on Oct 23 with ticker "Zetwerk" on NSE ($1 = 94.9875 Indian rupees) (Reporting by Vijay Malkar) ((mailto:VijayDattaram.Malkar@thomsonreuters.com;)