Ztech India IPO

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 nameZtech India Limited
IndustryEngineering – Construction
Company Websitehttps://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 date29 May 2024
IPO Closing31 May 2024
Basis of Allotment03 June 2024
Initiation Refund05 June 2024
Credit to Demat Account05 June 2024
Listing Date05 June 2024
(Cut-off time for UPI mandate confirmation – 5 PM on May 31, 2024)

Ztech India IPO details

Issue typeBook Built Issue IPO
IPO issue size₹37.30 Cr – 3,391,200 shares
Fresh Issue₹37.30 Cr – 3,391,200 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹104 to ₹110 per share
Lot size1200 Shares
Market Maker portion170,400 shares
Shareholding pre-issue9,406,048
Shareholding post-issue12,797,248
Listing ExchangeNSE SME

Ztech India IPO Lot Size

Retail (Min)11200₹132,000
Retail (Max)11200₹132,000
HNI (Min)22,400₹264,000

Ztech India Offer Documents

Ztech India IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered964,800 (28.45%)
Market Maker Shares Offered170,400 (5.02%)
QIB Shares Offered644,400 (19.00%)
NII (HNI) Shares Offered483,600 (14.26%)
Retail Shares Offered1,128,000 (33.26%)
Total Shares Offered3,391,200 (100%)

Ztech India Financial Performance

 FY 2021FY 2022FY 2023FY 2024
Net income0.700.071.967.79
(Amount in ₹ Crores)

Ztech India Valuations & Margins

FY 2021FY 2022FY 2023FY 2024
PE ratio12.04 – 12.73
RONW (%)6.421.0117.4434.18
ROCE (%)11.101.7925.3045.73
EBITDA (%)2.991.0311.7317.00

Company Promoters

  • Ms Sanghamitra Borgohain
  • M/s Terramaya Enterprises Private Limited.

Promoter Holding

Pre Issue Share Holding82.65%
Post Issue Share Holding60.75%

Ztech India IPO GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
4 June 20245562,500
3 June 20246368,500
31 May 20247570,000
30 May 20247772,800
29 May 20246257,500
28 May 20246057,500
27 May 20245043,700
25 May 20242521,000

Ztech India IPO Subscription Update

Shares Offered6,44,4004,83,60011,28,00022,56,000
31 May 2024123.10832.72315.59371.46
30 May 20247.9350.2979.1052.59
29 May 20247.7620.1628.5820.83
(The market maker reservation portion of 1,70,400 shares is not included)

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 Date05 June 2024
BSE Scrip Code
Final Issue Price₹110 per share

Ztech India IPO Listing Day Update

Listing ExchangeNSE SME
Final Issue Price₹110.00
Last Trade₹105.00

Ztech India Lead Manager(s)

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

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

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

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