Zetwerk Shares Fall Below IPO Price in Market Debut
Zetwerk Manufacturing Businesses was valued at $2.7 billion in its debut. Investors cited concerns about profitability and reliance on third-party suppliers.
Shares of Peak XV Partners and Accel India-backed Zetwerk Manufacturing Businesses (ZETW.NS) declined in their market debut on Friday. Investors were concerned about the company’s lack of profits and its reliance on third-party suppliers. Zetwerk makes industrial and consumer goods and counts wind turbine maker Si…