Ztech India IPO opens for subscription: Check out for timelines, IPO Size, and more
Ztech India was established in the year 1994. The company 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 specialized solutions.. The company offers creative, safe, and environmentally friendly engineering solutions in three main aspects: Sustainable Theme Park Development, Industrial Waste Water Management, and Geotechnical Specialized Solutions.
Ztech India IPO
Ztech India IPO is a book-built issue amounting to Rs 37.30 crores. This offering consists entirely of a fresh issue of 33.91 lakh shares. On May 29, 2024, Ztech India IPO will open for subscription and close on May 31, 2024. It is expected that the allotment of Ztech India IPO will be finalized by Monday, June 3, 2024. Ztech India IPO will be listed at NSE SME with a tentative listing date set for Tuesday, June 4, 2024.
Ztech India’s IPO has a price range of ₹104 and ₹110 per share. A minimum application is to have 1200 shares. Retail investors need a minimum of ₹132,000 for investments whereas HNI’s Minimum lot size is 2 lots or 2,400 shares equivalent to ₹264,000. Narnolia Financial Services Ltd is the Book Running Lead Manager to this IPO, while Maashitla Securities Private Limited is the Registrar to the IPO; In addition, Maashitla Securities Private Limited is also the Registrar to the IPO.
Ztech India IPO Details
IPO Date : May 29, 2024 to May 31, 2024
Face Value: ₹10 per share
Price Band: ₹104 to ₹110 per share
Lot Size: 1200 Shares
Total Issue Size: 3,391,200 shares
(aggregating up to ₹37.30 Cr)
Listing At: NSE SME
Share holding pre issue: 9,406,048
Share holding post issue: 12,797,248
Ztech India IPO Timelines
IPO Open Date: Wednesday, May 29, 2024
IPO Close Date: Friday, May 31, 2024
Basis of Allotment: Monday, June 3, 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: 5 PM on May 31,2024
Ztech India IPO Lot Size
A minimum of 1200 shares can be bided by investors in multiples. The subsequent table shows the least and largest investment in stocks and money by individuals with small holdings and those of high net worth. Details for Ztec India IPO Anchor Investors have contributed RS 10.61 crore towards the Ztech India IPO. The anchor bids for Ztech IPO in India are due on 5/28/2024.
In conclusion, Ztech India Limited has been in the provision of practical and sustainable engineering solutions for the past thirty years. Ztech India IPO is scheduled to open for subscription from 29th May to 31st May, 2024. Priced between ₹104 to ₹110 with an issue size of ₹37.30 crores for each share on the offer list it seeks to draw investments towards environment-friendly and infrastructural initiatives. The company’s partnership growth with NSE SME series can be seen as a sign that it continues making strides toward much cleaner environments through. The Initial Public Offering (IPO) by ‘Ztech India Limited’ will hit the stock market on Monday 29th June at around 10:00 AM (IST). The stock market has been waiting for this IPO with bated breath, considering how popular these days are green and IT-centric companies like Ztech.
