Ztech India IPO: Diving Into the Details of the Public Issue

Ztech India IPO is open for subscription starting Wednesday, May 29, 2024, and closing on Friday, May 31, 2024. The price of this upcoming IPO is decided at Rs 104 to Rs 110 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,32,000 (110 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,64,000 (110 x 2400 shares). Ztech India IPO is a fixed price issue of Rs 37.30 crores. This upcoming IPO is an entirely fresh issue of 33.91 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, June 3, 2024. Ztech India IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, June 4, 2024. The book-running lead manager of Ztech India IPO is Narnolia Financial Services Limited. The registrar for this IPO is Maashitla Securities Private Limited. The market maker of this issue is NVS Brokerage.

About Ztech India Limited

Ztech India Limited was incorporated in 1994, engaged in designing civil engineering products and providing state of art speciality Geo-technical solutions for infrastructure and civil construction projects in India. Ztech is involved in the waste management sector, focusing on creating the theme park using recycled scrap material. The company provides innovative safety and engineering solutions for three major categories - Sustainable Theme Park Development, Industrial Wastewater Management, and Geo-technical Specialized Solutions.The clients of the company include prominent names like Bharti Infra Projects Limited, Dilip Buildcon Limited, IRCON International, and Hindustan Construction. As of May 2024, the company had a team of 72 employees in various departments. 

Objectives of Ztech India Limited IPO

The objective of this IPO is to meet the day-to-day capital requirements of the company. Additionally, the funds will be utilised to meet the general corporate purposes. Other than this issue expenses will be deducted from the total funds raised.

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Financials of Ztech India Limited (Amt in Rs Lakhs)

Ztech India posted a revenue of Rs 6,737.02 lakhs and net profit of 779.83 lakhs for the period ending on 31 Mar 2024. Previously, in the same period, the company reported a revenue of Rs 2,588.40 lakhs and net profit of Rs 196.71 lakhs. The revenue increased by 160.28% and PAT increased by 296.44% between the FY ending on 31 March 2024 and 31 March 2023.

Other Important Details of Ztech India IPO

Time-Table of Ztech India IPO

Lot Size of Ztech India IPO

IPO Reservation of Ztech India Limited

Key Performance Indicator of Ztech India Limited IPO

The market capitalization of Ztech India is Rs 140.77 crore.

EPS and P/E Ratio Post IPO

Promoters of Ztech India Limited and Their Holdings

The promoters of Ztech India company are Ms Sanghamitra Borgohain and M/s Terramaya Enterprises Private Limited.

Lead Manager(s) of Ztech India IPO

The lead manager for Ztech India IPO is Narnolia Financial Services Limited.

How do you apply for the Ztech India IPO?

Wait for the public issue to open for subscription, then click here to apply for the Ztech India Limited IPO with Bigul.

How do you check the allotment status of Ztech India IPO?

The registrar for Ztech India IPO is Maashitla Securities Private Limited. To check your allotment status, please click here.

FAQs

1. What are the details of Ztech India IPO?

Ztech India IPO is a fixed price issue of Rs 37.30 crores. This upcoming IPO is an entirely fresh issue of 33.91 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, June 3, 2024. 

2. Who are the lead managers for the Ztech India Limited IPO?

Narnolia Financial Services Limited is appointed as the lead manager for the IPO.

3. What is the role of Maashitla Securities Private Limited in this IPO?

Maashitla Securities Private Limited is the registrar for Ztech India Limited, handling the IPO's administrative aspects.

4. How can I apply for the Ztech India IPO?

The public subscription of this new IPO will open on May 29, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The objective of this IPO is to meet the company's day-to-day capital requirements. Additionally, the funds will be utilised for general corporate purposes. Other than this issue, expenses will be deducted from the total funds raised.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Ztech India Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Ztech India Limited?

Ztech India posted a revenue of Rs 6,737.02 lakhs and net profit of 779.83 lakhs for the period ending on 31 Mar 2024. Previously, in the same period, the company reported a revenue of Rs 2,588.40 lakhs and net profit of Rs 196.71 lakhs.

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