What you must know about Z-Tech India IPO?
by 5paisa Research Team
24 May 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 05-Jun-24
- IPO Price Range ₹ 104 to ₹ 110
- Listing Price ₹ 100
- Listing Change -9.1%
- Last Traded Price ₹ 283.45
- Current Change 157.7%
Z-Tech IPO Details
- Open Date 29-May-24
- Close Date 31-May-24
- Lot Size 1200
- IPO Size ₹ 37.30 Cr
- IPO Price Range ₹ 104 to ₹ 110
- Min Investment ₹ 132,000
- Listing Exchange NSE SME
- Basis of Allotment 03-Jun-24
- Refunds 04-Jun-24
- Credit to Demat Account 04-Jun-24
- Listing Date 04-Jun-24
Z-Tech (India) IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 29-May-24 | 7.76 | 20.36 | 29.20 | 21.18 |
| 30-May-24 | 7.93 | 50.11 | 80.05 | 53.03 |
| 31-May-24 | 123.10 | 832.37 | 315.59 | 371.39 |
Z-Tech IPO Synopsis
Last Updated: 31st May, 2024 by 5paisa
Ztech India IPO is all set to open from 29th May to 31st May 2024. The company is engaged in designing civil engineering products and services. The IPO includes a fresh issue of 3,391,200 shares worth ₹37.30 cr. The share allotment date is 3rd June 2024, and the IPO will be listed on 4th June 2024 on the stock exchanges. The price band is ₹104 to ₹110 and the lot size is 1200 shares.
Narnolia Financial Services Limited is the book-running lead manager for this IPO, while Maashitla Securities Private Limited is the registrar.
Objectives of Ztech IPO
Ztech India Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● General Corporate Purposes.
● To fund the issue expenses.
About Z-Tech (India)
Ztech India is engaged in designing civil engineering products and services in Geo‐ Technical Specialised Solutions in the infrastructure and civil construction projects field. The company also provides waste management solutions. Its major business categories include i) Sustainable Theme Park Development ii) Industrial Waste Water Management iii) Geo Technical Specialised Solutions.
Some of its renowned clients are Bhartia Infra Projects Limited, GMR Infra Limited, Dilip Buildcon Limited, IRCON International Limited, Madhucon Sugar and Power Industries Limited, etc.
Peer Comparison
● Ion Exchange (India) Limited
● Felix Industries Limited
● Wonderla Holidays Limited
● H.G. Infra Engineering Limited
● Nicco Parks & Resorts Limited
● NCC Limited
For More Information:
Webstory on Ztech India IPO
Z-Tech (India) Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 67.31 | 25.72 | 30.63 |
| EBITDA | 11.20 | 3.01 | 0.31 |
| PAT | 7.79 | 1.95 | 0.07 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 41.92 | 23.39 | 19.25 |
| Share Capital | 9.40 | 1.10 | 1.10 |
| Total Borrowings | 20.01 | 13.92 | 11.73 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -1.49 | 0.08 | 1.67 |
| Net cash from / (used in) investing activities | -2.12 | -0.96 | -0.62 |
| Net cash flow from / (used in) financing activities | 4.21 | -0.07 | -0.27 |
| Net increase (decrease) in cash and cash equivalents | 0.59 | -0.95 | 0.78 |
Z-Tech IPO Key Points
-
Strengths
1. The company has a well-organized management structure.
2. Its business model is efficient which involves careful identification of projects and cost optimization.
3. It has strong execution capabilities with industry experience.
4. It focuses on high quality.
5. Experienced promoters and management team.
-
Risks
1. A majority of the revenue comes from the business Sustainable theme park segment.
2. It has reported negative cash flow in the past.
3. The business is subject to seasonal fluctuations.
4. Revenues are also concentrated in operations from Delhi.
5. Unsuccessful bidding for government tenders can impact the business.
6. High working capital requirements.
Z-Tech
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Z-Tech IPO FAQs
When does the Ztech India IPO open and close?
Ztech India IPO opens from 29th May to 31st May 2024.
What is the size of the Ztech India IPO?
The size of Ztech India IPO is ₹37.30 cr.
How to apply for the Ztech India IPO?
To apply for Ztech India IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Ztech India IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Ztech India IPO?
The price band Ztech India IPO is fixed at ₹104 to ₹110 per share.
What is the minimum lot size and investment required for the Ztech India IPO?
The minimum lot size of Ztech India IPO is 1200 shares and the investment required is ₹1,24,800.
What is the allotment date of the Ztech India IPO?
The share allotment date of Ztech India IPO is 3rd June 2024.
What is the Ztech India IPO listing date?
The Ztech India IPO will be listed on 4th June 2024.
Who are the book runners for the Ztech India IPO?
Narnolia Financial Services Limited is the book-running lead manager for Ztech India IPO.
What is the objective of Ztech India IPO?
Ztech India Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● General Corporate Purposes.
● To fund the issue expenses.
Contact Details of Z-Tech (India) IPO
Contact Information
Ztech India Limited
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/
Z-Tech (India) IPO Register
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Z-Tech (India) IPO Lead Manager
Narnolia Financial Services Ltd
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