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Z-Tech IPO is a book build issue of ₹37.30 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹37.30 crore.
Z-Tech IPO bidding started from May 29, 2024 and ended on May 31, 2024. The allotment for Z-Tech IPO was finalized on Jun 3, 2024. The shares got listed on NSE SME on Jun 5, 2024.
Z-Tech IPO price band is set at ₹110.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,24,800 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,64,000.
Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company is NVS Brokerage Pvt.Ltd..
Refer to Z-Tech IPO RHP for detailed Information.
| IPO Date | May 29, 2024 to May 31, 2024 |
| Listing Date | June 5, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹104 to ₹110 per share |
| Issue Price Final | ₹110 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 33,91,200 shares (aggregating up to ₹37.30 Cr) |
| Reserved for Market Maker | 1,70,400 shares NVS Brokerage Pvt.Ltd. (aggregating up to ₹1.87 Cr) |
| Net Offered to Public | 32,20,800 shares (aggregating up to ₹35.43 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 94,06,048 shares |
| Share Holding Post Issue | 1,27,97,248 shares |
Ztech India IPO offers total 33,91,200 shares. Out of which 16,09,200 (47.45%) allocated to QIB, 6,44,400 (19.00%) allocated to QIB, 4,83,600 (14.26%) allocated to NII, 11,28,000 (33.26%) allocated to RII and 9,64,800 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,70,400 (5.02%) |
| QIB Shares Offered | 16,09,200 (47.45%) |
| − Anchor Investor Shares Offered | 9,64,800 (28.45%) |
| − QIB (Ex. Anchor) Shares Offered | 6,44,400 (19.00%) |
| NII (HNI) Shares Offered | 4,83,600 (14.26%) |
| Retail Shares Offered | 11,28,000 (33.26%) |
| Total Shares Offered | 33,91,200 (100.00%) |
Z-Tech IPO raises ₹10.61 crore from anchor investors. Z-Tech IPO Anchor bid date is May 28, 2024. Z-Tech IPO Anchor Investors list
| Bid Date | May 28, 2024 |
| Shares Offered | 9,64,800 |
| 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 |
Z-Tech IPO opens on May 29, 2024, and closes on May 31, 2024.
| IPO Open Date | Wed, May 29, 2024 |
| IPO Close Date | Fri, May 31, 2024 |
| Tentative Allotment | Mon, Jun 3, 2024 |
| Initiation of Refunds | Wed, Jun 5, 2024 |
| Credit of Shares to Demat | Wed, Jun 5, 2024 |
| Tentative Listing Date | Wed, Jun 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 31, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,32,000 |
| Retail (Max) | 1 | 1,200 | ₹1,32,000 |
| HNI (Min) | 2 | 2,400 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 Z-Tech IPO is ₹140.77 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 34% |
| ROCE | 44.02% |
| Debt/Equity | 0.06 |
| RoNW | 34% |
| PAT Margin | 12.00% |
| Price to Book Value | 4.52 |
| 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...
| Listing Date | June 5, 2024 |
| BSE Script Code | |
| NSE Symbol | ZTECH |
| ISIN | INE0ISZ01012 |
| Final Issue Price | ₹110 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹110.00 |
| Open | ₹100.00 |
| Low | ₹99.20 |
| High | ₹105.00 |
| Last Trade | ₹105.00 |
Z-Tech (India) Ltd.
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 Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Z-Tech IPO is a SME IPO of 33,91,200 equity shares of the face value of ₹10 aggregating up to ₹37.30 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 1200.
The IPO opens on May 29, 2024, and closes on May 31, 2024.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Z-Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Z-Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Z-Tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Z-Tech IPO opens on May 29, 2024 and closes on May 31, 2024.
Z-Tech IPO lot size is 1200, and the minimum amount required for application is ₹1,32,000.
You can apply in Z-Tech IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Z-Tech 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 Z-Tech IPO allotment status.
The Z-Tech IPO listing date is on Wednesday, June 5, 2024.
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