Ztech India Limited is coming up with an IPO consisting of a fresh issue of 33,91,200 shares worth INR 37.30 crores. The company aims to meet the working capital requirements and general corporate purposes.
Z-Tech India Ltd IPO – Important Dates
| Ztech India Limited IPO Date | May 29, 2024 to May 31, 2024 |
| Ztech India Limited IPO Listing Date | June 4, 2024 |
| Ztech India Limited IPO Price | INR 104-110 per share |
| Ztech India Limited IPO Lot Size | 1200 shares |
| Ztech India Limited IPO Total Issue Size | INR 37.30 crores |
| Ztech India Limited IPO Basis of Allotment | June 3, 2024 |
| Ztech India Limited IPO Initiation of Refunds | June 4, 2024 |
| Ztech India Limited IPO Credit of Shares to Demat | June 4, 2024 |
| Ztech India Limited IPO Issue Type | Book Built Issue IPO |
| Ztech India Limited IPO Listing At | NSE SME |
Ztech India IPO – Company Profile
Ztech India Limited designs advanced civil engineering products and services, specializing in Geotechnical solutions for infrastructure and civil construction projects in India. It optimizes the performance and stability of ground-based structures with cutting-edge techniques and technologies.
They transform scrap into theme parks and manage industrial wastewater using cutting-edge GEIST technology, reflecting their holistic commitment to sustainability in waste management and innovative water treatment solutions.
Their company provides innovative, safe, and eco-friendly engineering solutions, including sustainable theme park development, industrial wastewater management, and geotechnical specialized solutions, ensuring comprehensive and sustainable practices for the customers.
Ztech India Limited IPO Review
Ztech India Limited Technologies’ financial analysis reveals a mixed performance. Revenue has increased, profitability and EPS have risen, RoNW has improved, and total assets have grown, but the current and inventory turnover ratios have declined.
- Revenue Trend: The revenue increased from ₹3,063.92 lakhs in March 2022 to ₹2,572.50 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 6,731.82 lakhs, crossing last year’s benchmark.
- Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹ 8.42 lakhs in March 2022 to ₹ 779.83 lakhs by March 2024. This increase in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹ 0.10 in March 2022 to ₹ 8.62 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has grown from 1.01% to 34.18%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has declined, indicating weakening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
Ztech India IPO Fundamental Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 3,063.92 | 2,572.50 | 6,731.82 |
| Equity (₹ in lakhs) | 802.25 | 998.95 | 2,190.99 |
| Expenses (₹ in lakhs) | 3,067.76 | 2,320.55 | 5,686.76 |
| Profit and Loss After Tax (₹ in lakhs) | 8.42 | 196.71 | 779.83 |
| Diluted EPS only (₹) | 0.10 | 2.24 | 8.62 |
| Return on Net Worth (%) | 1.01 | 17.44 | 34.18 |
| NAV per Equity Share (₹) | 85.17 | 103.17 | 24.32 |
| Total Assets (in lakhs) | 1,925.11 | 2,339.62 | 4,192.24 |
| Total Liabilities (in lakhs) | 1,122.86 | 1,340.67 | 2,001.25 |
| Debt Equity Ratio | 0.13 | 0.10 | 0.06 |
| Current Ratio (in times) | 1.83 | 1.78 | 1.87 |
| Inventory Turnover Ratio | 42.50 | 16.80 | 18.08 |
Ztech India Limited IPO Peer Comparison
Z Tech India has moderate metrics. Ion Exchange is financially strong. Felix Industries shows a high P/E ratio. Wonderla Holidays and H.G. Infra Engineering exhibits robust performance. Nicco Parks & Resorts has a high EPS. NCC Limited demonstrates significant market capitalization.
| Company | Face Value per Equity Share (₹) | P/E Ratio | EPS (₹) | RoNW (%) | PAT (₹ in lakhs) |
| Z Tech India Limited | 10 | – | 36.94 | 26.37 | 406.37 |
| Ion Exchange (India) Limited | 10 | 67.77 | 6.64 | 8.15 | 8,174.00 |
| Felix Industries Limited | 10 | 229.16 | 1.48 | 2.76 | 97.40 |
| Wonderla Holidays Limited | 10 | 28.89 | 26.33 | 9.48 | 9,799.50 |
| H.G. Infra Engineering Limited | 10 | 32.00 | 27.63 | 9.23 | 18,004.80 |
| Nicco Parks & Resorts Limited | 10 | 46.79 | 2.96 | 20.13 | 1,386.38 |
| NCC Limited | 10 | 58.53 | 3.68 | 3.61 | 23,130.00 |
Z Tech (India) Ltd IPO Objective
The main objective of Ztech India Limited is to meet working capital requirements.
- Working Capital Requirements: The company intends to utilize INR 23.76 crores for working capital needs, supporting growth, strategic purposes, and incremental business requirements. This is expected to boost revenues and profitability, supplementing internal accruals in the ordinary course of business.
- General Corporate Purpose: The company will allocate funds to general corporate goals, including strategic initiatives, strengthening its marketing network and capability, meeting exigencies, and brand-building exercises to strengthen its operations.
Ztech India IPO Risks And Challenges
Ztech India Limited’s risk includes reliance on Sustainable Theme Park revenue, which threatens the overall business. This is compounded by challenges in diversification and the limited experience of first-generation entrepreneurs, which affects funding and partnerships.
- The company operates in Sustainable Theme Park Development, Industrial Wastewater Management, and Geotechnical Specialized Solutions. Diversification brings revenue streams but challenges in resource allocation and operational synergy, potentially affecting efficiency and agility.
- The company heavily relies on revenue from Sustainable Theme Parks over Geotechnical Specialized Solutions and Wastewater Management. Dependency on this sector poses significant risks to the overall business, financial health, and cash flow.
- The present first-generation entrepreneurs’ limited experience may affect the company’s growth. Investors may be cautious, hindering funding and partnerships crucial for growth, as established entrepreneurs often possess extensive networks beneficial for collaborations and accessing resources.
Z Tech (India) Ltd IPO – Industry & Market Potential
The metal recycling market is projected to exceed USD 143 Billion by 2036, with a CAGR of 6%. Increasing demand for metals and scarcity of rare earth metals drive growth. Reprocessing waste reduces greenhouse gas emissions, aiding expansion.
The India Water and Wastewater Treatment Market, valued at USD 1.51 billion in 2022, is forecasted to grow at a CAGR of 11.22% during 2023-2028, driven by government initiatives and partnerships to address urban sewage challenges.
India plans a significant increase in infrastructure investment, with a 33% rise in the capital outlay to Rs. 10 lakh crore in Budget 2023-24. The National Infrastructure Pipeline aims for US$ 1.4 trillion in expenditure over five years.
Ztech India Limited IPO – Type of Offer
Ztech India Limited is coming up with an IPO consisting of a fresh issue of 33,91,200 shares worth INR 37.30 crores. The company aims to meet the working capital requirements and general corporate purposes.
Ztech India IPO Offer Size
The offer size of Ztech India Limited is INR 30.37 crores, consisting of a fresh issue of 33,91,200 shares. The company seeks funds to meet the working capital requirements and general corporate purposes.
Ztech India Limited IPO Allotment Structure
Ztech India Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 35% for Non-Institutional Investors (NII), and 15% for Retail Individual Investors (RII) according to SEBI regulations. 170,400 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 35% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 15% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e.170,400 shares, are reserved for marker makers.
How to apply for a Ztech India Limited IPO?
To apply for the Ztech India Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Ztech India Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Ztech India Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Ztech India Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Ztech India Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Ztech India Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Ztech India Limited IPO:
● Registrar’s Website: Visit the website of Maashilta Services Private Limited, the registrar of the Ztech India Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE and SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) and Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Ztech India Limited Ltd IPO Offer Registrar
The registrar for the Ztech India Limited IPO is Maashilta Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place,
Pitampura, Delhi – 110034, India
Telephone: 011-45121795
Email: [email protected]
Website: www.maashitla.com
Ztech India Limited Limited IPO – FAQs
The allotment date of the Ztech India Limited IPO is June 3, 2024.
The price band of the issue is INR 104-110 per share.
The offer size of Ztech India Limited is INR 30.37 crores, consisting of a fresh issue of 33,91,200 shares. The company seeks funds to meet the working capital requirements and general corporate purposes.
The listing date of Ztech India Limited’s IPO is June 4, 2024.
