Z-tech India was incorporated on November 09, 1994. The company is engaged in providing innovative, safe, and eco-friendly engineering solutions to its customers. These solutions include three major categories, namely, sustainable theme park development, industrial wastewater management, and geotechnical specialized solutions.
| Bidding Dates |
|---|
| 29 May 2024 - 31 May 2024 |
| Subscription |
|---|
| 345.38x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,800 | 1 | 1 | 1200 | 3.4 M | ₹104 - ₹110 | 60.75 % | ₹352.7 M - ₹373.0 M | RHP DOC |
Z-Tech IPO SUBSCRIPTION STATUS
31 May '24Z-Tech IPO overall subscription rate was 345.38 times the total available shares
Z-Tech IPO retail subscription rate was 419.18 times in the retail segment
Z-Tech IPO non-institutional investor subscription rate was 1106.46 times in the non-institutional investor category
Z-Tech IPO Qualified Institutional Bidder subscription rate was 65.39 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
31 May 2024 (Day 3) | 419.18x | 1106.46x | 65.39x |
30 May 2024 (Day 2) | 105.06x | 66.82x | 4.21x |
29 May 2024 (Day 1) | 37.96x | 26.79x | 4.12x |
Z-Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 78.0 | 673.2 | -15.0 | -50.5 | 17.0% |
| FY23 | 19.7 | 257.3 | 0.8 | -9.3 | 12.4% |
| FY22 | 0.8 | 306.4 | 16.8 | 10.3 | 1.7% |
| FY21 | 6.5 | 234.8 | -8.2 | -10.6 | 4.6% |
Z-Tech IPO SUBSCRIPTION STATUS DETAILS
Z-Tech had 3.4 M shares on offer
Z-Tech IPO offer price was in the range ₹104 - ₹110
Z-Tech IPO minimum Investment was ₹124800
Z-Tech IPO issue size was ₹ 352.7 M - ₹ 373.0 M
Z-Tech had a minimum lot size of 1200 Shares per application
Z-Tech NUMBER OF SHARES ON OFFER
Z-Tech IPO IMPORTANT DATES
| Issue Open Date | 29 May 2024 |
| Issue close Date | 31 May 2024 |
| Allotment Date | 03 Jun 2024 |
| Refund Date | 04 Jun 2024 |
| Demat Account Credit Date | 04 Jun 2024 |
| Listing Date | 05 Jun 2024 |
| Listing on Exchange(s) | NSE |
| Z-Tech Allotment Status | Exchange |
Z-Tech IPO subscription opened on 29 May 2024, and closed on 31 May 2024
IPO allotment for Z-Tech was finalized on Monday, 03 Jun 2024
IPO listing for Z-Tech was on NSE on Wednesday, 05 Jun 2024
Z-Tech IPO LISTING GAINS
| Issue Price (adjusted) | 110.0 |
| Listing Open Price | 100.0 |
| Listing Close Price | 105.0 |
| Listing Gain% | -9.1% |
| Current Gain% | 377.0% |
Z-Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Z-Tech (India) Ltd. | 524.7 | 671.5 | 21.6 | 0.3 | 5 | 16 | 10.6 | 161.4 | 70.3 | 35.9 | 82.9 | 24.3 | 82.9 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Z-Tech INFORMATION ON IPO ISSUE
About Z-Tech
Z-tech India was incorporated on November 09, 1994. The company is engaged in providing innovative, safe, and eco-friendly engineering solutions to its customers. These solutions include three major categories, namely, sustainable theme park development, industrial wastewater management, and geotechnical specialized solutions.
Object of the Issue
- To meet out the working capital requirements of the company
- To meet out the general corporate purposes
- To meet out the issue expenses
Z-Tech - PROMOTERS
| Name |
|---|
| Terramaya Enterprises private limited |
| Sanghamitra Borgohain |
Z-Tech Lead Manager to the Issue
Narnolia Financial Services Limited
pankaj.passi@narnolia.com
Z-Tech Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
Z-Tech Strengths
Well organized organization structure
The company has a well-organized management structure and an experienced management team operating within a culture of strong corporate governance and commitment to social responsibility.
Efficient business model
The company's growth is largely attributable to its efficient business model, which involves careful identification of projects and cost optimization. This is a result of executing projects with careful planning and strategy
Quality assurance
The company's ability to maintain and improve quality enables it to build a reputation with zero complaints
Z-Tech Risks
Incurred losses
The promoter or holding company, Terramaya Enterprises, has incurred losses in the past. There can be no assurance that it will not incur losses in the future, which may have an adverse effect on the company's reputation and business
Dependent on limited customers
The company depends on a limited number of customers for a significant portion of its revenues. The loss of a major customer or a significant reduction in demand from any of the major customers may adversely affect the business, financial condition, results of operations, and prospects
IPO FAQs
The promoters of the company are Terramaya Enterprises private limited and Sanghamitra Borgohain.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 104.0 - 110.0.
The IPO application opens on May 29, 2024 and closes on May 31, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 124,800.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Jun 03, 2024.
The refund will be credited to your account on Jun 04, 2024.
The allotted shares will be credited to your demat on Jun 04, 2024.
Z-Tech (India) Ltd.’s shares listed on the stock exchanges on Jun 05, 2024.