Ztech India IPO Review

 
Ztech India IPO Review

IPO Open Date: May 29, 2024

IPO Close Date: May 31, 2024

IPO Price: ₹104 to ₹110 per share

Lot Size: 1200 Shares

Listing: June 5, 2024

Ztech India is scheduled to hit the market on May 29, 2024 and close on May 31, 2024. Ztech India plans to raise around ₹37.30 Cr through an IPO with a sale of up to 5,420,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Z-Tech (India) Limited, established in November 1994, specializes in designing civil engineering products and offering advanced Geo-Technical Solutions for infrastructure and civil construction projects across India. The company actively engages in the waste management sector, with a particular focus on developing theme parks using recycled scrap materials. Z-Tech (India) Limited is dedicated to providing innovative, secure, and environmentally friendly engineering solutions in three primary categories: Sustainable Theme Park Development, Industrial Wastewater Management, and Geotechnical Specialized Solutions.

The company boasts a diverse clientele that includes prominent organizations such as Bhartia Infra Projects Limited, Dilip Buildcon Limited, GMR Infra Limited, Punj Lloyd Limited, NCC Limited, Mep Infrastructure Developers Limited, IRCON International Limited, Hindustan Construction Co. Ltd., Madhucon Sugar and Power Industries Limited, and GVR Infra Projects Limited. With 72 employees across various departments as of May 10, 2024, Z-Tech (India) Limited continues to make significant strides in the field of civil engineering and waste management, solidifying its position as a key player in the industry.

Ztech India



Ztech India IPO Details

Ztech India IPO opens on May 29, 2024, and closes on May 31, 2024. The Listing date for Ztech India IPO is on June 05, 2024. The price band for IPO is ₹104 to ₹110 per share and lot size of 1200 Shares.

IPO DateMay 29, 2024 to May 31, 2024
Listing DateJune 05, 2024
Price₹104 to ₹110 per share
Lot Size1200 Shares
Issue Size₹37.30 Cr
Face Value₹10 per share

Ztech India IPO Tentative Timetable

Ztech India opening date is May 29, 2024 and close date is May 31, 2024. The IPO allotment date is June 03, 2024. The refund initiation of IPO is on June 04, 2024. The credit of shares in demat account is on June 04, 2024. The listing date is on June 05, 2024.

EventDate
IPO OpeningMay 29, 2024
IPO ClosingMay 31, 2024
IPO Allotment DateJune 03, 2024
Refund InitiationJune 04, 2024
Shares Credit to DematJune 04, 2024
Lisiting DateJune 05, 2024

Ztech India IPO Lot Size

Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹132,000).

CategoryLotsSharesAmount
Retail(Minimum)11200₹132,000
Retail(Maximum)11200₹132,000
HNI (Minimum)22400₹264,000

Ztech India IPO Promoter Holding

Pre Issue Share Holding82.65%
Post Issue Share Holding60.75%

Ztech India IPO Review

Z-Tech India's IPO, with NVS Brokerage Private Ltd as the market maker, has allocated 1,70,400 shares for market making out of a total of 33,91,200 shares offered. The IPO breakdown includes allocations for QIB, retail, and HNI/NII investors. Retail investors have a minimum investment limit of ₹1,32,000, while HNI/NII investors can invest a minimum of ₹2,64,000. The financial highlights show impressive growth in revenues and profits over the last three years, with a notable increase in sales and profitability in FY24.

The company's financial performance has shown resilience despite fluctuations in sales, with a significant rise in net profits and improving PAT margins. Z-Tech India boasts attractive net margins of 11.58% in FY24 and strong returns on equity and assets. The asset turnover ratio is commendable at 1.61X in the latest year, reflecting efficient capital utilization. While the current EPS stands at ₹8.62, the IPO pricing at 12-13 times P/E ratio appears reasonable considering the company's growth potential and sustainable business model.

Investors are advised to tread cautiously due to the company's slightly higher risk profile and longer waiting period for returns. Z-Tech India's environmentally conscious approach and established customer relationships provide a competitive edge. It is recommended for investors to start with small investments and monitor the company's performance closely over the coming quarters to assess its long-term earnings stability. Overall, Z-Tech India's IPO presents an opportunity for investors seeking exposure to a company with growth prospects and value-added business strategies.

Ztech India IPO Subscription Status (Bidding Details)

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Ztech India IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Ztech India IPO FAQs

What is Ztech India IPO?

Ztech India is issuing 3,391,200 equity shares with a face value of 10 each, totaling up to ₹37.30 Cr. The shares are being offered at a price of ₹104 to ₹110 each, with a minimum order quantity of 1200 shares.

Maashitla Securities Private Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Ztech India IPO will open?

Ztech India will open on May 29, 2024 for QIB, NII, and Retail Investors.

When Ztech India IPO will end?

Ztech India will end on May 31, 2024.

What is Ztech India IPO Size?

Ztech India IPO size is 37.30 Cr.

What is Ztech India IPO Price Band?

Ztech India price band is ₹104 to ₹110 per share.

What is the Ztech India IPO Allotment Date?

Ztech India allotment date is June 03, 2024.

What is the Ztech India IPO Listing Date?

Ztech India listing date is June 05, 2024. The IPO is to be listed on BSE and NSE.

How to Ztech India IPO through Zerodha?

To apply for the IPO “Ztech India” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Ztech India IPO through Upstox?

To apply for the IPO “Ztech India” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Ztech India IPO Allotment Status?

For Ztech India IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Ztech India IPO GMP?

You can check out here: Ztech India IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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