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Z-Tech (India) IPO

  • Status: Closed
  • RHP:
  • ₹ 124,800 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    05 Jun 2024

  • Listing Price

    ₹ 100.00

  • Listing Change

    -9.09%

  • Last Traded Price

    ₹ 505.45

IPO Details

  • Open Date

    29 May 2024

  • Close Date

    31 May 2024

  • IPO Price Range

    ₹ 104 to ₹ 110

  • IPO Size

    ₹ 37.30 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    04 Jun 2024

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IPO Timeline

Z-Tech (India) IPO Subscription Status

Last Updated: 05 June 2024 2:49 PM by 5Paisa

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. 
 

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

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


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.
 

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FAQs

Ztech India IPO opens from 29th May to 31st May 2024.
 

The size of Ztech India IPO is ₹37.30 cr. 
 

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.
 

The price band Ztech India IPO is fixed at ₹104 to ₹110 per share. 
 

The minimum lot size of Ztech India IPO is 1200 shares and the investment required is ₹1,24,800.
 

The share allotment date of Ztech India IPO is 3rd June 2024.
 

The Ztech India IPO will be listed on 4th June 2024.
 

Narnolia Financial Services Limited is the book-running lead manager for 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.