BENGALURU – Zetwerk is preparing to confidentially file draft papers for an initial public offering in India, targeting a valuation of approximately $4 billion, according to reports.

The company is expected to submit its draft red herring prospectus within the next two weeks, marking a significant step toward entering public markets. A confidential filing would allow Zetwerk to advance regulatory review while limiting early public disclosure of financial and operational details.

The planned IPO comes as India continues to push for greater domestic manufacturing capabilities, especially in electronics and semiconductors, supported by government incentives and shifting global supply chain dynamics.

If completed, the offering would mark one of the more notable public listings in India’s manufacturing and electronics services sector, underscoring investor interest in scalable, asset-light manufacturing platforms.

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