IPO Details
Bidding Dates
29 May 24 - 31 May 24
Price Range ₹
104 - 110
Total Equity
₹ 37.30Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
29 May 2024
Offer end
31 May 2024
Allotment
03 Jun 2024
Refund initiation
04 Jun 2024
Demat transfer
04 Jun 2024
Listing
05 Jun 2024
Offer start
29 May 2024
Offer end
31 May 2024
Allotment
03 Jun 2024
Refund initiation
04 Jun 2024
Demat transfer
04 Jun 2024
Listing
05 Jun 2024
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 also engaged in the waste management sector, focusing on developing theme parks using recycled scrap materials. Z-Tech offers innovative, safe, and eco-friendly engineering solutions in three main categories: Sustainable Theme Park Development, Industrial Wastewater Management, and Geotechnical Specialized Solutions. Their clientele includes prominent companies such as 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. As of May 10, 2024, Z-Tech (India) Limited employs 72 staff members across various departments.
Year Founded
09-11-1994
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 82.65 | 60.75 |
| Share Capital | 7773824 | 7773824 |
Offer to Public
33,91,200.00 Cr
Project Details
- Working Capital Requirement - 237.58cr
- General Corporate Purposes - 75.005cr
- Issue Expenses - 60.45cr
Objectives
- To meet out the Working Capital requirements of the Company.To meet out the General Corporate Purposes.To meet out the Issue Expenses.
Highlights
- Z-Tech (India) Limited utilizes GEIST, a water treatment technology, to develop solutions for the recovery of chemicals from industrial wastewater streams and offers turnkey solutions for achieving profitable zero liquid discharge (ZLD).
- The company holds an ISO 9001:2015 certification for its Quality Management System, demonstrating its commitment to maintaining high-quality standards in its operations.
- The company has shown consistent revenue from operations over the past three years, with figures of Rs. 23.48 crore, Rs. 30.64 crore, and Rs. 25.73 crore for FY 2021, 2022, and 2023 respectively. Profit after tax increased significantly from Rs. 0.08 crore in FY 2022 to Rs. 1.97 crore in FY 2023.
- Z-Tech serves a diverse clientele, including notable companies like Bhartia Infra Projects Limited, Dilip Buildcon Limited, and GMR Infra Limited, which helps spread risk and reduce dependency on any single client.
- The company has a broad presence across India (except for the southern region), which helps in capturing a larger market share and increasing brand visibility.
Challenges
- The company derives a substantial portion of its revenue from the newly introduced sustainable theme parks business, which, if not successful, could adversely impact its financial condition and cash flows.
- A significant portion of the company's revenue comes from Delhi. Any adverse developments affecting its operations in this region could negatively impact the company's overall business.
- The company is involved in legal proceedings, and any adverse judgments could negatively impact its business and reputation.
- As of March 31, 2024, the company had outstanding unsecured loans of Rs. 0.67 crore, which could be recalled by the lenders at any time, posing a financial risk.
- The company is highly dependent on a limited number of customers, with the top 10 customers contributing 77% of total revenue as of the financial year ending March 2024. This concentration risk means that losing a major customer could significantly impact revenue.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 1,894.85 | 110.00 | 195.50 | 196.71 | 2.2353 |
| 2021 | 1,936.95 | 110.00 | 69.53 | 64.61 | 0.7342 |
| 2023 | 2,312.92 | 110.00 | 69.53 | 64.61 | 0.7342 |
