Z-Tech India Limited IPO Details
| Detail | Description |
|---|---|
| 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 | 1,200 Shares |
| Total Issue Size | 33,91,200 shares (aggregating up to ₹ 37.30 Cr) |
| Fresh Issue | 33,91,200 shares (aggregating up to ₹ 37.30 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 94,06,048 |
| Share holding post issue | 1,27,97,248 |
| Market Maker portion | 1,70,400 shares |
About Z-Tech India Limited IPO
Z-Tech (India) Ltd. (ZIL) originally designs civil engineering products and services with state‐of‐the‐art specialty in Geo‐Technical Specialized Solutions in the field of infrastructure and civil construction projects in India. It includes a range of techniques, methodologies and technologies aimed at optimizing the performance and stability of structures built on or in the ground. In addition to this, it is actively engaged in the waste management sector, where its focus involves creating theme parks through the utilization of recycled scrap materials. Z-tech India IPO is a book-built issue of Rs 37.30 crores. The issue is entirely a fresh issue of 33.91 lakh shares. Z-Tech India IPO opens for subscription on May 29, 2024 and closes on May 31, 2024.
The allotment for the Z-Tech India IPO is expected to be finalized on Monday, June 3, 2024. Z-tech India IPO will list on NSE SME with tentative listing date fixed as Tuesday, June 4, 2024. Z-Tech India IPO price band is set at ₹104 to ₹110 per share. The minimum lot size for an application is 1200 Shares. Narnolia Financial Services Ltd is the book running lead manager of the Z-Tech India IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Z-Tech India IPO is Nvs Brokerage.
Z-tech India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Z-tech India IPO Anchor Investors Details
| Bid Date | May 28, 2024 |
| Shares Offered | 966,000 |
| Anchor Portion Size (In Cr.) | 10.63 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 1, 2024 |
Company & Financials
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.
- Geotechnical Specialized Solutions.
The clientele of the company includes Bhartia Infra Projects Limited, Dilip Buildcon Limited,GMR Infra Limited, Punj Lloyd 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.
Objectives of Z-tech India IPO
The objectives of the Issue are:-
- To meet the Working Capital requirements of the Company.
- To meet the General Corporate Purposes.
- To meet the Issue Expenses.
Z-tech India IPO Review
The company has three categories of its business model and has major thrust on its high margin business of sustainable theme parks that contributes around 60% of its top lines for the last two fiscal years. 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.
Z-Tech India Limited IPO Financial Information
Latest Revenue
6,737.02
₹ Crore
Profit After Tax
779.83
₹ Crore
Net Worth
2,191.00
₹ Crore
Total Borrowing
130.84
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 4,192.24 | 6,737.02 | 779.83 | 2,191.00 | 130.84 | ||||
| 31 Mar 2023 | 2,339.62 | 2,588.40 | 196.71 | 998.95 | 71.03 | ||||
| 31 Mar 2022 | 1,925.11 | 3,083.89 | 8.42 | 802.24 | 71.74 | ||||
| 31 Mar 2021 | 1,973.14 | 2,395.67 | 64.62 | 793.82 | 93.75 | ||||
| Amount in ₹ Crore | |||||||||
Z-Tech India Limited Key Performance Indicator
| 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 |
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Competitive Strengths
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Z-Tech India Limited IPO Timeline
| IPO Open Date | Wednesday, May 29, 2024 |
| IPO Close Date | Friday, May 31, 2024 |
| Basis of Allotment | 5 PM on May 31, 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 | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹132,000 |
| Retail (Max) | 1 | 1200 | ₹132,000 |
| HNI (Min) | 2 | 2400 | ₹264,000 |