Ztech India IPO opens for subscription on May 29, 2024 and closes on May 31, 2024. The allotment for the Ztech India IPO is expected to be finalized on Monday, June 3, 2024. Ztech India IPO will list on NSE SME with tentative listing date fixed as Tuesday, June 4, 2024.
IPO Size: 3,391,200 shares (37.30 Cr) Fresh Issue: 3,391,200 shares (37.30 Cr) Subscription Dates: May 29, 2024 to May 31, 2024 Expected Allotment: Monday, June 3, 2024 Listing Date (Tentative): June 4, 2024 Price Band: ₹104 to ₹110 per share Retail Investors: ₹.132,000 (1200 shares) Small HNI : ₹.264,000(2 lots, 2400 shares) Big HNI : ₹.1,056,000(8 lots, 9600 shares)
| IPO Date | May 29, 2024 to May 31, 2024 |
| Listing Date | June 4, 2024 |
| Face Value | ₹10 per share per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,391,200 shares (aggregating up to ₹37.30 Cr) |
| Fresh Issue | 3,391,200 (aggregating up to ₹37.30 Cr) |
| Listing At | NSE SME |
| Share holding pre issue | 9,406,048 |
| Share holding post issue | 12,797,248 |
| Market Maker Portion | 170,400 Shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,695,600 (50%) |
| NII (HNI) Shares Offered | 508,680 (15%) |
| Retail Shares Offered | 1,186,920 (35%) |
| Total Shares Offered | 3,391,200 (100%) |
| Investor Category | Shares Offered *** | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Qualified Institutions | 1,695,600 | |||
| Non-Institutional Buyers | 508,680 | |||
| Retail Investors | 1,186,920 | |||
| Total | 2,882,520 | 0 | 0.00 | 0.00 |
| GMP Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 29-05-2024 | ₹110 | ₹75 | ₹185 (68.18%) | 29-05-2024 11:05 |
| 28-05-2024 | ₹110 | ₹70 | ₹180 (63.64%) | 28-05-2024 10:05 |
| 27-05-2024 | ₹110 | ₹60 | ₹170 (54.55%) | 27-05-2024 11:05 |
| 26-05-2024 | ₹110 | ₹50 | ₹160 (45.45%) | 26-05-2024 12:05 |
| 25-05-2024 | ₹110 | ₹20 | ₹130 (18.18%) | 25-05-2024 12:05 |
Ztech India Limited IPO opens on May 29, 2024 and closes on May 31, 2024.
| 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 | 05:00 pm, May 31, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹ 132,000 |
| Retail (Max) | 1 | 1200 | ₹ 132,000 |
| HNI (Min) | 2 | 2400 | ₹ 264,000 |
The promoters of the company are Ms Sanghamitra Borgohain and M/s Terramaya Enterprises Private Limited.
| Share Holding Pre Issue | 83.65% |
| Share Holding Post Issue | 60.75% |
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:
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.
The objects of the Issue are:-
Ztech India Limited
Plot 140, Khasra
No. 249, Mangla Puri, Gadaipur
South-West Delhi, New Delhi- 110030,
Phone: + 011-35017243
Email: cs@ztech-india.com
Website: https://www.z-techindia.com/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
| Listing Date | June 4, 2024 |
| Final Issue Price | ₹ 110 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 110 | ₹ 110 |
Ztech India Limited IPO is a main-board FPO of 3,391,200 equity shares of the face value of ₹ 10 per share aggregating up to ₹ 37.30 Crores. The issue is priced at ₹104 to ₹110 per share. The minimum order quantity is 1200 Shares.
The Ztech India Limited IPO opens on May 29, 2024 and closes on May 31, 2024.
Retail Investors: ₹.132,000 (1200 shares) Small HNI : ₹.264,000(2 lots, 2400 shares) Big HNI : ₹.1,056,000(8 lots, 9600 shares)
The finalization of Basis of Allotment for Ztech India Limited IPO will be done on Monday, June 3, 2024, and the allotted shares will be credited to your demat account by Tuesday, June 4, 2024. Check the Ztech India Limited IPO allotment status.