Bonfiglioli

Manufacturing marketplace Zetwerk has launched its IPO, seeking a Rs 2,830 crore fresh issue and subscribing 0.23 times on day one, backed by an order book of Rs 12,500 crore. Indian investors are tracking its grey market premium alongside other mainboard issues, including Bonfiglioli, Tonbo and Sahajanand Medical, while the Zerodha daily brief examined the business behind the Rs 5,000 crore listing.