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 opens for subscription on May 29, 2024 and closes on May 31, 2024. The allotment for the Ztech India IPO is expected to be finalized on Monday, June 3, 2024. Ztech India IPO will list on NSE SME with tentative listing date fixed as Tuesday, June 4, 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.
Ztech India IPO Details
| IPO Date | May 29, 2024 to May 31, 2024 |
| Listing Date | [.] |
| 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 |
Ztech India IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not more than 35% of the Net Issue |
| NII (HNI) Shares Offered | Net more than 15% of the Net Issue |
Ztech India IPO Reservation
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 | |
| Shares Offered | |
| Anchor Portion Size (in Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock -in period end date for remaining shares (90 Days) |
Ztech India IPO Timeline (Tentative Schedule)
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 | Tuesday, June 4, 2024 |
| Credit of Shares to Demat | Tuesday, June 4, 2024 |
| Listing Date | Tuesday, June 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5PM on May 31, 2024 |
Ztech India IPO Lot Size
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 |
Ztech India IPO Promoter Holding
| Share Holding per Issue | 82.65% |
| Share Holding post Issue | 60.75% |
About Ztech India Limited
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:
- Sustainable Theme Park Development
- Industrial Wastewater Management, and
- Geotechnical Specialized Solutions.
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 Financial Information (Restated Consolidated)
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 | 2,191.39 | 998.95 | 802.24 | 783.82 |
| Reserves and Surplus | 1,250.39 | 888.95 | 692.25 | 683.82 |
| Total Borrowing | 130.84 | 71.03 | 71.74 | 93.75 |
Key Performance Indicator
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 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (Ztech India IPO Objectives)
- To meet out the Working Capital requirements of the Company.
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Ztech India IPO Review (Apply)
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.
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