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Ztech India IPO
Price Band
₹104.0–110.0
Issue Size
₹37.3 Cr
Lot Size
1,200 shares
Min Investment
₹132,000
GMP
+₹27.0 (24.55%)
Issue Price
₹110.0
Subject to Sauda
₹24600
Paid only if allotted
Ztech India IPO AI Summary
- Ztech India IPO is listed on NSE SME in the Waste Management sector.
- Price band: ₹104.0–₹110.0 per share, lot size 1,200 shares (min. investment ₹132,000).
- Subscription window: 29 May–31 May 2024, listing on 05 Jun 2024.
- Current GMP is +₹27.0 (24.55%), an estimated listing price of ₹137 — unofficial and can change daily.
Ztech India is a company focused on waste management and civil engineering solutions, with a significant increase in revenue and profit over the last year. The IPO is expected to provide funds for working capital and corporate purposes, with a competitive valuation compared to its peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Ztech India IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 31 May 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Ztech India IPO Grey Market Premium (GMP) Today
GMP
+₹27.0
GMP %
+24.55%
Est. Listing
₹137.0
Updated: 25 Jul 2026 14:05
About the Company
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: Sustainable Theme Park Development Industrial Wastewater Management, and Geotechnical Specialized Solutions. 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.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 41.92 | 23.40 | 19.25 | 19.73 |
| Total Income | 67.37 | 25.88 | 30.84 | 23.96 |
| Profit After Tax | 7.80 | 1.97 | 0.08 | 0.65 |
| NET Worth | 21.91 | 9.99 | 8.02 | 7.94 |
| Reserves and Surplus | 12.50 | 8.89 | 6.92 | 6.84 |
| Total Borrowing | 1.31 | 0.71 | 0.72 | 0.94 |
Key Ratios
EPS
₹8.29
NAV
₹24.32
ROE
34%
ROCE
44.02%
RoNW
34%
P/B Value
4.52
P/E Ratio
13.27
Market Cap
₹140.77 Cr
PAT Margin
12.00%
Debt/Equity
0.06
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Ncc Limited | 3.61% | 58.53 | 3.68 | 3.68 |
| Nicco Parks & Resorts Limited | 20.13% | 46.79 | 2.96 | 2.96 |
| H.G. Infra Engineering Limited | 9.23% | 32 | 27.63 | 27.63 |
| Wonderla Holidays Limited | 9.48% | 28.89 | 26.33 | 26.33 |
| Felix Industries Limited | 2.76% | 229.16 | 1.48 | 1.48 |
| Ion Exchange (india) Ltd. | 8.15% | 67.77 | 6.64 | 6.64 |
| Ztech India Limited This IPO | 26.37% | — | 36.94 | 36.94 |
Promoters
Sanghamitra Borgohain and Terramaya Enterprises Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital Requirement 23.76 2 General Corporate Purposes 7.50 3 Issue Expenses 6.05
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹25.88 Cr in the year ending 31 Mar 2023, rising to ₹67.37 Cr by 31 Mar 2024. This significant increase indicates strong growth in the company's revenue over this period.
Profit Trend
Profit after tax was ₹1.97 Cr for the year ending 31 Mar 2023, increasing to ₹7.80 Cr by 31 Mar 2024. This growth reflects improved profitability for Ztech India over the year.
Valuation
Ztech India has an implied P/E ratio of 13.27 at the issue price, compared to peers with P/E ratios ranging from 28.89 to 229.16. This positions Ztech India at a lower valuation relative to its peers.
Grey Market Premium, Explained
The grey market premium (GMP) is an indicator of the expected listing price of an IPO. A positive GMP suggests that the stock is likely to list at a higher price than the issue price, while a negative GMP indicates the opposite. However, GMP is not a guaranteed predictor of actual listing performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's financial health and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainty.
IPO Timeline, Explained
The IPO opens for subscription on May 29, 2024, and closes on May 31, 2024. Allotment of shares will be done on June 3, 2024, with listing expected on June 5, 2024.
Listing Gains — The Risk
Listing gains can be unpredictable and are influenced by market conditions, investor sentiment, and the company's performance. While some IPOs experience significant gains on their listing day, others may not perform as well, leading to potential losses.
This evaluation is generated from Ztech India's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Ztech India IPO GMP today?
Ztech India IPO GMP today is +₹27.0 (24.55%), indicating an estimated listing price of ₹137. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Ztech India IPO?
The price band of Ztech India IPO is ₹104.0–₹110.0 per share.
When does Ztech India IPO open and close?
Ztech India IPO opens on 29 May 2024 and closes on 31 May 2024.
When does Ztech India IPO list on the stock exchange?
Ztech India IPO listed on 05 June 2024 at ₹137.0.
What is the lot size for Ztech India IPO?
The lot size for Ztech India IPO is 1200 shares, requiring a minimum investment of ₹132,000.
What is the price band for the Ztech India IPO?
The price band for the Ztech India IPO is ₹104.0 to ₹110.0.
What is the minimum investment required for this IPO?
The minimum investment required for the Ztech India IPO is ₹132,000.
What is the lot size for the Ztech India IPO?
The lot size for the Ztech India IPO is 1200 shares.
When is the listing date for Ztech India?
The listing date for Ztech India is June 5, 2024.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected listing price of an IPO based on unofficial trading before it goes public.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 May 2024
Close
31 May 2024
Allotment
03 Jun 2024
Listing
05 Jun 2024
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