Ztech India, a company that designs civil engineering products, is set to launch its initial public offering (IPO) on Wednesday, May 29. This IPO is specifically for small and medium enterprises (SME) and consists entirely of a fresh issue of 33.91 lakh equity shares.
Key Dates
The bidding for the Ztech India IPO will end on Friday, May 31, with the final allotment of shares expected on June 3. Ztech India’s shares will be listed on the NSE SME platform, and the listing date is set for June 4.
The price band for the Ztech India IPO is set between ₹104 and ₹110 per share, with a lot size of 1,200 shares. This means the minimum investment required by retail investors is ₹132,000.
Narnolia Financial Services Ltd is the lead manager for the IPO, while Maashitla Securities Private Limited will handle the registration process.
The company plans to use the funds from the IPO to meet its working capital needs and for general corporate purposes.
The main promoters of Ztech India are Sanghamitra Borgohain and M/s Terramaya Enterprises Pvt Ltd. After the IPO, their shareholding in the company will decrease from 82.65% to 60.75%.
Company Background and Financial Performance
Ztech India works in the waste management sector, focusing on creating theme parks from recycled materials. They provide eco-friendly engineering solutions in sustainable theme park development, industrial wastewater management, and geotechnical specialized solutions.
In the financial year 2024, Ztech India’s net profit increased to ₹7.79 crore from ₹1.96 crore in the previous year. Their revenue also rose significantly, reaching ₹67.37 crore in FY24, up from ₹25.88 crore the year before.
Ztech India IPO GMP
As of today, the grey market premium (GMP) for the Ztech India IPO is ₹65 per share. This means the shares are trading at ₹175 per share in the grey market, which is a 59.09% premium to the issue price of ₹110 per share.
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