Market regulator SEBI has officially granted approval for manufacturing unicorn Zetwerk and defense-tech firm Tonbo Imaging to proceed with their public market entries.
Zetwerk, a manufacturing services platform, has been provided an 18-month timeframe to finalize its initial public offering (IPO) as it looks to leverage growing interest in the industrial supply chain sector.
Meanwhile, Tonbo Imaging, which specializes in advanced electro-optics and imaging technology, is required to launch its market debut within the next 12 months under the current regulatory framework.
The move marks a significant milestone for both companies as they seek to raise capital and enhance their public profiles, signaling continued momentum for the domestic IPO pipeline.
