Ztech India Limited (NSE SME)
May 29, 2024 - May 31, 2024
| Price | ₹104 - ₹110 |
| Premium | ₹27 |
|---|---|
| Lot size | 1200 |
| Allotment | Jun 3, 2024 |
| Listing | Jun 5, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 132000 | 940 |
| HNI | 2 | 2400 | 264000 | 403 |
Last updated on 31-May-2024 17:00:21
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 644400 | 79326000 | 123.1 |
| NIB | 483600 | 402705600 | 832.72 |
| RETAIL | 1128000 | 355987200 | 315.59 |
| Total | 2256000 | 838018800 | 371.46 |
| Retail Apps | 296656 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹122.97 | @8% ₹140.54 | @9% ₹158.1 | @10% ₹175.67 | @11% ₹193.24 | @12% ₹210.8 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| Kingsman Wealth Fund PCC- KIF | 340800 | 35.32% | 3.75 |
| SB Opportunities Fund-I | 306000 | 31.72% | 3.37 |
| Astorne Capital VCC- Arven | 135600 | 14.05% | 1.49 |
| Saint Capital Fund | 91200 | 9.45% | 1.00 |
| Varsu India Growth Story Scheme-1 | 91200 | 9.45% | 1.00 |
| Total | 964800 | 100.00% | 10.61 |
Ztech India IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.26% | 1128000 |
| NII (HNI) | 14.26% | 483600 |
| Anchor | 28.45% | 964800 |
| QIB | 19.00% | 644400 |
| Market Maker | 5.02% | 170400 |
| Total | 100.00% | 3391200 |
Ztech India IPO Details
| Issue Size | 3,391,200 shares (aggregating up to ₹37.30 Cr) |
| Fresh Issue | 3,391,200 shares (aggregating up to ₹37.30 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,406,048 |
| Share holding post issue | 12,797,248 |
| Market Maker portion | 170,400 shares Nvs Brokerage |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 34.00% | 17.44% | 1.01% |
| ROCE | 44.02% | 21.84% | 1.68% |
| RONW | 34.00% | 17.44% | 1.01% |
| D/E | 0.06 | 0.07 | 0.09 |
| EPS (basic & Diluted) | 8.62 | 17.88 | 0.77 |
| P/BV | 4.52 | ||
| P/E Pre IPO | 13.27 |
Company Financials
Ztech India Limited Financial Information (Restated Consolidated)
Ztech India Limited's revenue increased by 160.28% and profit after tax (PAT) rose by 296.44% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 4,192.24 | 2,339.62 | 1,925.11 | 1,973.14 |
| Revenue | 6,737.02 | 2,588.40 | 3,083.89 | 2,395.67 |
| Profit | 779.83 | 196.71 | 8.42 | 64.62 |
| Net Worth | 2,191.00 | 998.95 | 802.24 | 793.82 |
| Reserves | 1,250.39 | 888.95 | 692.25 | 683.82 |
| Borrowing | 130.84 | 71.03 | 71.74 | 93.75 |
| Amount in ₹ Lakhs | ||||
About Company
Incorporated in November 1994, Z-Tech (India) Limited specializes in designing civil engineering products and providing advanced Geo-Technical Solutions for infrastructure and civil construction projects across India. The company is a leader in the waste management sector, known for creating innovative theme parks from recycled scrap materials. Offering a range of eco-friendly engineering solutions, Z-Tech focuses on three primary categories: Sustainable Theme Park Development, Industrial Wastewater Management, and Geotechnical Specialized Solutions. With a diverse clientele that includes prominent companies like Bhartia Infra Projects Limited, Dilip Buildcon Limited, GMR Infra Limited, Punj Lloyd Limited, NCC Limited, Mep Infrastructure Developers Limited, IRCON International Limited, Hindustan Construction Co. Ltd., Madhucon Sugar and Power Industries Limited, and GVR Infra Projects Limited, Z-Tech has established a strong reputation in the industry. As of May 10, 2024, the company employs 72 professionals across various departments, ensuring the delivery of innovative, safe, and eco-friendly engineering solutions.
Strength Factors
Sustainable Business Model: Z-Tech (India) Limited integrates sustainability into its core operations, focusing on creating eco-friendly engineering solutions and theme parks from recycled materials, ensuring long-term environmental and economic benefits.
Environmentally Conscious Approach: The Company prioritizes eco-friendly practices in all its projects, including industrial wastewater management and geotechnical solutions, reducing environmental impact and promoting sustainability.
Cordial Customer Relations: Z-Tech maintains strong, positive relationships with its clients, including major industry players, by consistently delivering innovative and reliable solutions, fostering trust and long-term partnerships.
Risk Factors
Segment Disconnection: Operating in three distinct segments—Sustainable Theme Park Development, Industrial Wastewater Management, and Geotechnical Specialized Solutions—without strong interconnections poses a significant risk to the company's coherence and efficiency.
First-Generation Promoters: The company is led by first-generation entrepreneurs, which may impact strategic decisions and long-term stability due to potential lack of extensive industry experience and established networks.
Dependence on Government Tenders: A portion of Z-Tech's revenue relies on securing government tenders. Any failure to obtain these contracts in the future could adversely affect the company's business operations and financial conditions.
Ztech India IPO Lead Manager(s)
- Narnolia Financial Services Ltd
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues