Ztech India IPO will open for subscription from 29 May 2024. The company aims for an issue size of ₹37.30 Cr through this IPO.
Company Overview
| Full name | Ztech India Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://www.z-techindia.com/ |
About Company
Z-Tech India specializes in designing advanced civil engineering products and services, with a cutting-edge focus on Geo-Technical Specialized Solutions for infrastructure and civil construction projects across India. Their expertise encompasses a range of techniques, methodologies, and technologies aimed at enhancing the performance and stability of structures built on or in the ground. Additionally, the company is actively engaged in the waste management sector, particularly in creating theme parks from recycled scrap materials.
The company is dedicated to offering its customers innovative, safe, and eco-friendly engineering solutions. These solutions encompass three major categories:
- Sustainable Theme Park Development
- Industrial Waste Water Management
- Geo Technical Specialised Solutions
The company’s clientele includes Bhartia Infra Projects Limited, Dilip Buildcon Limited, GMR Infra Limited, Punj Lloyd Limited, NCC Limited, MEP Infrastructure Developers Limited, IRCON International Limited, Hindustan Construction Co. Ltd., Madhucon Sugar and Power Industries Limited, and GVR Infra Projects Limited. As of 10 May 2024, the company employs 72 people across various departments.
The Objectives of the Issue
- To meet out the Working Capital requirements of the Company.
- General Corporate Purposes; and
- To meet out the Issue Expenses.
Ztech India IPO Timetable
| IPO Opening date | 29 May 2024 |
| IPO Closing | 31 May 2024 |
| Basis of Allotment | 03 June 2024 |
| Initiation Refund | 05 June 2024 |
| Credit to Demat Account | 05 June 2024 |
| Listing Date | 05 June 2024 |
Ztech India IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹37.30 Cr – 3,391,200 shares |
| Fresh Issue | ₹37.30 Cr – 3,391,200 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹104 to ₹110 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 170,400 shares |
| Shareholding pre-issue | 9,406,048 |
| Shareholding post-issue | 12,797,248 |
| Listing Exchange | NSE SME |
Ztech India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹132,000 |
| Retail (Max) | 1 | 1200 | ₹132,000 |
| HNI (Min) | 2 | 2,400 | ₹264,000 |
Ztech India Offer Documents
Ztech India IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 964,800 (28.45%) |
| Market Maker Shares Offered | 170,400 (5.02%) |
| QIB Shares Offered | 644,400 (19.00%) |
| NII (HNI) Shares Offered | 483,600 (14.26%) |
| Retail Shares Offered | 1,128,000 (33.26%) |
| Total Shares Offered | 3,391,200 (100%) |
Ztech India Financial Performance
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 23.48 | 30.64 | 25.73 | 67.32 |
| Expenses | 23.01 | 30.68 | 23.21 | 56.87 |
| Net income | 0.70 | 0.07 | 1.96 | 7.79 |
Ztech India Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.68 | 0.11 | 2.25 | 8.64 |
| PE ratio | – | – | – | 12.04 – 12.73 |
| RONW (%) | 6.42 | 1.01 | 17.44 | 34.18 |
| NAV | 84.31 | 85.17 | 103.17 | 24.32 |
| ROCE (%) | 11.10 | 1.79 | 25.30 | 45.73 |
| EBITDA (%) | 2.99 | 1.03 | 11.73 | 17.00 |
| Debt/Equity | 0.13 | 0.13 | 0.10 | 0.06 |
Company Promoters
- Ms Sanghamitra Borgohain
- M/s Terramaya Enterprises Private Limited.
Promoter Holding
| Pre Issue Share Holding | 82.65% |
| Post Issue Share Holding | 60.75% |
Ztech India IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 4 June 2024 | 55 | – | 62,500 |
| 3 June 2024 | 63 | – | 68,500 |
| 31 May 2024 | 75 | – | 70,000 |
| 30 May 2024 | 77 | – | 72,800 |
| 29 May 2024 | 62 | – | 57,500 |
| 28 May 2024 | 60 | – | 57,500 |
| 27 May 2024 | 50 | – | 43,700 |
| 25 May 2024 | 25 | – | 21,000 |
Ztech India IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 6,44,400 | 4,83,600 | 11,28,000 | 22,56,000 |
| 31 May 2024 | 123.10 | 832.72 | 315.59 | 371.46 |
| 30 May 2024 | 7.93 | 50.29 | 79.10 | 52.59 |
| 29 May 2024 | 7.76 | 20.16 | 28.58 | 20.83 |
Ztech India IPO Allotment Status
Z-Tech India IPO allotment status is now available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Ztech India IPO Listing Details
| Listing Date | 05 June 2024 |
| BSE Scrip Code | – |
| NSE Symbol | ZTECH |
| ISIN | INE0ISZ01012 |
| Final Issue Price | ₹110 per share |
Ztech India IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹110.00 |
| Open | ₹100.00 |
| Low | ₹99.20 |
| High | ₹105.00 |
| Last Trade | ₹105.00 |
Ztech India Lead Manager(s)
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
Ztech India Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Ztech India Contact Details
Z-TECH (INDIA) LIMITED
Plot 140, Khasra No. 249, Mangla Puri,
Gadaipur, South-West Delhi, New Delhi- 110030
Phone: 011-35017243
E-mail: cs@ztech-india.com
Website: www.ztech-india.com
Ztech India IPO FAQs
What is the Z-Tech India offer size?
Z-Tech India offer size is ₹ 35.27 – ₹ 37.30 crores.
What is the Z-Tech India offer price band?
Z-Tech India public offer price is ₹ 104 – ₹ 110 per share.
What is the lot size of the Z-Tech India IPO?
Z-Tech India offer a lot size is 1,200 shares.
What is Z-Tech India IPO GMP today?
Z-Tech India IPO GMP today is ₹ 55 per share.
What is the Z-Tech India kostak rate today?
Z-Tech India kostak rate today is ₹ NA per application.
What is Z-Tech India Subject to the Sauda rate today?
Z-Tech India is Subject to the Sauda rate today is ₹ 62,500 per application.
Final thoughts
Ztech India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
