Bookbuilding IPO | ₹37 Cr | Listed at NSE SME | Wed, May 29, 2024 - Fri, May 31, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,32,000 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, May 29, 2024
IPO Close
Fri, May 31, 2024
Issue Price
₹110 per share
Market Cap (Pre-IPO)
₹140.77 Cr
| IPO Date | 29 to 31 May, 2024 |
| Listed on | Wed, Jun 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹104 to ₹110 |
| Issue Price | ₹110 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 33,91,200 shares (agg. up to ₹37 Cr) |
| Reserved for Market Maker | 1,70,400 shares NVS Brokerage Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 32,20,800 shares (agg. up to ₹35 Cr) |
| Net Offered to Public | 32,20,800 shares (agg. up to ₹35 Cr) |
| Share Holding Pre Issue | 94,06,048 shares |
| Share Holding Post Issue | 1,27,97,248 shares |
| NSE Symbol | ZTECH |
| ISIN | INE0ISZ01012 |
Z-Tech IPO comprises a total issue size of 33,91,200 shares. The net offer to the public is 32,20,800 shares, after excluding 1,70,400 shares allotted on a firm basis. Of the Net offer 16,09,200 (49.96%) are allocated to QIB, 4,83,600 (15.01%) allocated to NII 11,28,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 16,09,200 | 49.96% | 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 | 15.01% | 14.26% |
| Retail Shares Offered | 11,28,000 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,70,400 | 5.02% | |
| Total Shares Offered | 33,91,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Z-Tech IPO raises ₹10.61 crore from anchor investors. Z-Tech IPO Anchor bid date is May 28, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, May 28, 2024 |
| Shares Offered | 9,64,800 |
| Anchor Portion (₹ Cr.) | 10.61 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jul 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Sep 1, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 41.92 | 23.40 | 19.25 | 19.73 |
| Total Income | 67.37 | 25.88 | 30.84 | 23.96 |
| Profit After Tax | 7.80 | 1.97 | 0.08 | 0.65 |
| NET Worth | 21.91 | 9.99 | 8.02 | 7.94 |
| Reserves and Surplus | 12.50 | 8.89 | 6.92 | 6.84 |
| Total Borrowing | 1.31 | 0.71 | 0.72 | 0.94 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 23.76 |
| 2 | General Corporate Purposes | 7.50 |
| 3 | Issue Expenses | 6.05 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 8.29 | 6.09 |
| P/E (x) | 13.27 | 18.05 |
| Promoter Holding | 82.65% | 60.75% |
| Market Cap | ₹140.77 Cr. |
The Ztech India IPO is subscribed 371.39 times on May 31, 2024 6:19:56 PM (Day 3). The public issue subscribed 315.59 times in the retail category, 123.1 times in the QIB category, and 832.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 123.1 | 6,44,400 | 7,93,26,000 |
| NII* | 832.37 | 4,83,600 | 40,25,35,200 |
| Retail | 315.59 | 11,28,000 | 35,59,88,400 |
| Total | 371.39 | 22,56,000 | 83,78,49,600 |
Total Application : 2,96,658
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager(s) fees including underwriting commission | 0.65 |
| 2 | Brokerage, selling commission and upload fees. | 0.01 |
| 3 | Registrars to the issue | 0.25 |
| 4 | Legal Advisors | 0.05 |
| 5 | Printing, advertising and marketing expenses | 0.07 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Others, if any (Advisors to the company, Peer Review Auditors, and other misc. expenses like printing & stationery etc.) | 4.97 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹110.00 |
| Open | ₹100.00 |
| Low | ₹99.20 |
| High | ₹105.00 |
| Last Trade | ₹105.00 |
Lead Manager Reports
Z-Tech IPO is a SME IPO of 33,91,200 equity shares of the face value of ₹10 aggregating up to ₹37 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 1200.
The IPO opens on Wed, May 29, 2024, and closes on Fri, 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 Wed, May 29, 2024 and closes on Fri, 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 Wed, Jun 5, 2024. Check the Z-Tech IPO allotment status.
The Z-Tech IPO listing date is on Wed, Jun 5, 2024.
