Ztech India announces IPO price band. Check out for in-detail insights
About Ztech India
Ztech India works in the waste management industry and specializes in the development of theme parks utilizing recycled scrap materials. They offer sustainable engineering solutions in sustainable theme park development, industrial wastewater management, and geotechnical specialised solutions.
Ztech India IPO
Ztech India, a civil engineering products designer, is scheduled to list on the NSE Small and Medium Enterprises (SMEs) Stock Exchange (NSE) on May 29, 2022.
The Ztech India Initial Public Offering (IPO), which is a wholly-new issue, is scheduled to be launched on May 29.
The bidding process for Ztech India’s IPO will end on May 31, 2022, and the allotment of the company’s equity shares is scheduled to be completed on June 3, 2022. The total number of shares offered in the IPO is 33.91 lakh.
Ztech India will list its shares on the NSE. The listing date is scheduled to be June 4, 2022.
Ztech India IPO: Key Dates
Bidding date: May 29 to May 31
Basis of Allotment: June 3
Initiation of Refunds: June 4
Credit of shares to demat account: June 4
Listing on NSE Emerge: June 4
Ztech India IPO Price Band
Ztech India’s Initial Public Offering (IPO) has been priced at ₹ 104 to ₹ 110 per share, with 1,200 shares being offered in the IPO. Retail investors are required to invest a minimum of ₹ 132,000. The book running lead manager for Ztech India’s IPO is Narnolia Finance Services Ltd, while the IPO registrar is Maashtla Securities Private Limited. The company plans to use the net proceeds of the IPO to cover working capital requirements and for general corporate purposes. Ztech India is being co-promoted by Sanghamitra Bohra and M/s. Terramaya Entrepreneurs Pvt Ltd. After the IPO, the promoters’ stake in the company will decrease to 60.75 percent from 82.65 percent.
“We’ve achieved significant milestones in Sustainable Theme Park Development, WasteWater Management, and Geo-Technical Solutions, with over 30 successful projects under our belt and numerous ongoing initiatives. Looking ahead, we’re excited to diversify into Fast Forward Sports Arena and Pet Parks within our theme park segment, expand internationally, and explore the creation of Waste to Art Products,” said Sanghamitra Borgohain, Managing Director of Z-Tech (India) Limited.
Ztech India is also looking to expand its business through a business-operating-out (BOO) model and entering new technical niches in Geo-Technical Solutions as well as domestic geographic expansion, said Borgohain.
In FY24, Ztech India’s net profit grew from Rs. 1.96 crore to Rs. 7.79 crore. The company’s revenue also increased from Rs. 25.88 crore to Rs. 67.37 crore.
What is Ztech India’s IPO GMP today?
According to stock market watchers, Ztech India’s IPO GMP today is Rs.65 per share. This means that Ztech India’s share price in the grey market is Rs.175 per share, which is 59.09% higher than the issue price of Rs.110 per share.
In conclusion, Ztech India’s Initial Public Offering (IPO) reflects a trajectory of growth and innovation. They have stepped in, focusing on sustainable engineering solutions and a commitment to growing into new markets and roles. The company has demonstrated a clear vision for the future. The successful completion of over 30 projects in theme park development, wastewater management, and geotechnical solutions, along with the planned diversification into sports arenas and pet parks, positions Ztech India as a forward-thinking player in the industry.
The IPO marks the forefront of offering investors an opportunity to be part of Ztech India’s growth story. The positive response from the grey market, with a GMP of Rs.65 per share, specifies strong investor confidence in the company’s potential. Ztech India is on the brink of a new era, ready to take its knowledge and innovation to the next level and make a lasting difference in the waste management & civil engineering industry. The reduction in promoters’ stake after the initial public offering (IPO) of Ztech India is in line with the company’s growth strategy and dedication to providing value to shareholders and society as a whole. Ztech India is set to list on NSE’s SME platform.
