IPO Issue Details
Issue Price / Price Band₹110 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size33,91,200 shares (aggregating up to ₹37.30 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 29 May 2024
Subscription CloseFri, 31 May 2024
Anchor AllotmentTue, 28 May 2024
Basis of AllotmentMon, 03 Jun 2024
Initiation of RefundsWed, 05 Jun 2024
Credit of Shares to DematWed, 05 Jun 2024
Listing DateWed, 05 Jun 2024
UPI Mandate Deadline2024-05-31
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 1,200 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 2,400 shares
EPS (Pre-IPO)₹8.29
EPS (Post-IPO)₹6.09
P/E Ratio (Pre-IPO)13.27x
P/E Ratio (Post-IPO)18.05x
Net Offer to Public32,20,800 shares (aggregating up to ₹35.43 Cr)
Reserved for Market Maker1,70,400 shares (aggregating up to ₹1.87 Cr)
Pre-IPO Promoter Holding94,06,048 shares
Post-IPO Promoter Holding1,27,97,248 shares
About Z-Tech (India) Ltd
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 DevelopmentIndustrial Wastewater Management, andGeotechnical 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.
Objects of the Issue
Z-Tech (India) Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To meet out the Working Capital requirements of the Company.
2
To meet out the General Corporate Purposes; and
3
To meet out the Issue Expenses.
Shareholding & Lock-in
Pre-IPO Promoter Holding
94,06,048 shares
Post-IPO Promoter Holding
1,27,97,248 shares