Ztech India Limited IPO Detail
Incorporated in November 1994, Z-Tech (India) Limited designs civil engineering products and provides state-of-the-art specialty Geo-Technical Solutions for infrastructure and civil construction projects in India.
The company is actively involved in the waste management sector, focusing on creating theme parks using recycled scrap materials.
The company provides innovative, safe, and eco-friendly engineering solutions in three major categories:
- Sustainable Theme Park Development
- Industrial Wastewater Management, and
- Geotechnical Specialized Solutions.
The clientele of the company includes Bhartia Infra Projects Limited, Dilip Buildcon Limited,GMR Infra Limited, Punj Llyod Limited, NCC Limited, Mep Infrastrastructure Developers Limited, IRCON International Limited, Hindustan Construction Co. Ltd., Madhucon Sugar and Power Industries Limited and GVR Infra Projects Limited.
As of May 10, 2024, the company has 72 employees in various departments.
Company Promoters
Ms Sanghamitra Borgohain and M/s Terramaya Enterprises Private Limited.IPO Details
| IPO Opening Date | May 29, 2024 |
| IPO Closing Date | May 31, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹104 - 110 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹37.30 Cr |
| Fresh Issue | ₹37.30 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 7.76x | 0.00x | 0.00x | 20.39x | 29.39x | 21.28x |
| Day 2 | 7.93x | 0.00x | 0.00x | 50.15x | 80.41x | 53.22x |
| Day 3 | 123.10x | 0.00x | 0.00x | 832.37x | 315.59x | 371.39x |
IPO Tentative Timetable
The Ztech India Limited IPO open date is May 29, 2024, and the close date is May 31, 2024. The issue may list on Jun 04, 2024.
| IPO Open Date | May 29, 2024 |
| IPO Close Date | May 31, 2024 |
| Basis of Allotment Date | Jun 03, 2024 |
| Initiation of Refunds | Jun 04, 2024 |
| Credit of Shares to Demat Account | Jun 04, 2024 |
| IPO Listing Date | Jun 04, 2024 |
IPO Lot Size
The Ztech India Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹132000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹132000 |
| Maximum | 1 | 1200 | ₹132000 |
IPO Promoter Holding
| Pre Issue Share Holding | 82.65% |
| Post Issue Share Holding | 60.75% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1973.14 | 2395.67 | 64.62 |
| 31-Mar-22 | 1925.11 | 3083.89 | 8.42 |
| 31-Mar-23 | 2339.62 | 2588.40 | 196.71 |
| 31-Mar-24 | 4192.24 | 6737.02 | 779.83 |
Objects of the Issue:
The objects of the Issue are:-
- To meet out the Working Capital requirements of the Company.
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Ztech India Limited IPO Registrar:
Maashitla Securities Pvt. Limited
Ztech India Limited IPO Lead Manager(s):
Narnolia Financial Services Ltd
Company Contact Information:
Ztech India Limited
Plot 140, Khasra
No. 249, Mangla Puri, Gadaipur
South-West Delhi, New Delhi- 110030
