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Ztech India IPO is a book built issue of Rs 37.30 crores. The issue is entirely a fresh issue of 33.91 lakh shares.
Ztech India IPO bidding started from May 29, 2024 and ended on May 31, 2024. The allotment for Ztech India IPO was finalized on Monday, June 3, 2024. The shares got listed on NSE SME on June 5, 2024.
Ztech India IPO price band is set at ₹104 to ₹110 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹264,000.
Narnolia Financial Services Ltd is the book running lead manager of the Ztech India IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Ztech India IPO is Nvs Brokerage.
Refer to Ztech India IPO RHP for detailed information.
| IPO Date | May 29, 2024 to May 31, 2024 |
| Listing Date | June 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹104 to ₹110 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,391,200 shares (aggregating up to ₹37.30 Cr) |
| Fresh Issue | 3,391,200 shares (aggregating up to ₹37.30 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,406,048 |
| Share holding post issue | 12,797,248 |
| Market Maker portion | 170,400 shares Nvs Brokerage |
Ztech India IPO offers 3,391,200 shares. 644,400 (19.00%) to QIB, 483,600 (14.26%) to NII, 1,128,000 (33.26%) to RII and 964,800 (28.45%) to Anchor investors.
| 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 IPO raises Rs 10.61 crore from anchor investors. Ztech India IPO Anchor bid date is May 28, 2024. Ztech India IPO Anchor Investors list
| Bid Date | May 28, 2024 |
| Shares Offered | 964,800 |
| Anchor Portion Size (In Cr.) | 10.61 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 1, 2024 |
Ztech India IPO opens on May 29, 2024, and closes on May 31, 2024.
| IPO Open Date | Wednesday, May 29, 2024 |
| IPO Close Date | Friday, May 31, 2024 |
| Basis of Allotment | Monday, June 3, 2024 |
| Initiation of Refunds | Wednesday, June 5, 2024 |
| Credit of Shares to Demat | Wednesday, June 5, 2024 |
| Listing Date | Wednesday, June 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 31, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹132,000 |
| Retail (Max) | 1 | 1200 | ₹132,000 |
| HNI (Min) | 2 | 2,400 | ₹264,000 |
| Lot Size Calculator | |||
The promoters of the company are Ms Sanghamitra Borgohain and M/s Terramaya Enterprises Private Limited.
| Share Holding Pre Issue | 82.65% |
| Share Holding Post Issue | 60.75% |
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:
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.
Ztech India Limited's revenue increased by 160.28% and profit after tax (PAT) rose by 296.44% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,192.24 | 2,339.62 | 1,925.11 | 1,973.14 |
| Revenue | 6,737.02 | 2,588.40 | 3,083.89 | 2,395.67 |
| Profit After Tax | 779.83 | 196.71 | 8.42 | 64.62 |
| Net Worth | 2,191.00 | 998.95 | 802.24 | 793.82 |
| Reserves and Surplus | 1,250.39 | 888.95 | 692.25 | 683.82 |
| Total Borrowing | 130.84 | 71.03 | 71.74 | 93.75 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Ztech India IPO is Rs 140.77 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 34% |
| ROCE | 44.02% |
| Debt/Equity | 0.06 |
| RoNW | 34% |
| P/BV | 4.52 |
| PAT Margin (%) | 12 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.29 | 6.09 |
| P/E (x) | 13.27 | 18.05 |
The objects of the Issue are:-
[Dilip Davda] The company has three categories of its business model and having major thrust on its high margin business of sustainable theme parks that contributes around 60% it its top lines for last two fiscals. Based on FY24 earnings, the issue appears fully priced. Considering its ongoing projects worth Rs. 168+ cr. and many more in pipeline, it is poised for bright prospects ahead. Investors may lap it up for the medium to long term rewards. Read detail review...
The Ztech India IPO is subscribed 371.39 times on May 31, 2024 6:19:56 PM. The public issue subscribed 315.59 times in the retail category, 123.10 times in the QIB category, and 832.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 123.10 |
| NII | 832.37 |
| Retail | 315.59 |
| Total | 371.39 |
Total Application : 296,658 (315.59 times)
| Listing Date | June 5, 2024 |
| BSE Script Code | |
| NSE Symbol | ZTECH |
| ISIN | INE0ISZ01012 |
| Final Issue Price | ₹110 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹110.00 |
| ₹100.00 |
| ₹99.20 |
| ₹105.00 |
| ₹105.00 |
Ztech India Limited
Plot 140, Khasra
No. 249, Mangla Puri, Gadaipur
South-West Delhi, New Delhi- 110030,
Phone: + 011-35017243
Email: cs@ztech-india.com
Website: https://www.z-techindia.com/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
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Check our SME IPO Guide 
Ztech India IPO is a SME IPO of 3,391,200 equity shares of the face value of ₹10 aggregating up to ₹37.30 Crores. The issue is priced at ₹104 to ₹110 per share. The minimum order quantity is 1200 Shares.
The IPO opens on May 29, 2024, and closes on May 31, 2024.
Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ztech India IPO using UPI as a payment gateway. Zerodha customers can apply in Ztech India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ztech India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ztech India IPO opens on May 29, 2024 and closes on May 31, 2024.
Ztech India IPO lot size is 1200 Shares, and the minimum amount required is ₹132,000.
You can apply in Ztech India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ztech India IPO will be done on Monday, June 3, 2024, and the allotted shares will be credited to your demat account by Wednesday, June 5, 2024. Check the Ztech India IPO allotment status.
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