Ztech India's initial public offering (IPO) will commence for subscription on Wednesday, Can also 29, at a trace band of Rs 104-110 per fragment. The IPO lot dimension will more than possible be 1,200 equity shares.
The firm intends to raise roughly Rs. 37.30 crore from the offering and targets to list on the NSE Emerge platform. The fastened-trace IPO will comprise a peculiar pain of 33,91,200 equity shares with a face fee of Rs 10.
According to the RHP tale, the firm proposes to utilise the safe proceeds from the IPO to fund its working capital requirements, typical company purposes and meet pain costs.
As many as 1.7 lakh equity shares had been reserved for the Market Maker, 4,83,600 equity shares for NIIs, and the Retail (RII) portion accounts for 11.28 lakh equity shares, as acknowledged within the RHP.
Narnolia Financial Providers Runt is the only real real E book Running Lead Manager, and Masshitla Securities Deepest Runt is the Registrar for the pain.
Sanghamitra Borgohain and M/s Terramaya Enterprises Pvt Ltd are the promoters of Ztech India.
Ztech India is fascinated with the ruin management sector and makes a speciality of making theme parks using recycled scrap supplies. The firm provides eco-friendly engineering choices in Sustainable Theme Park Pattern, Industrial Wastewater Administration, and Geotechnical Specialized Choices.
Ztech recorded a income of Rs 67.32 crore with a income after tax of Rs 7.8 crore within the financial 365 days 2023-24, when in contrast to a income of Rs 25.72 crore and a PAT of on the topic of Rs 2 crore in FY 2022-23.
The shares of Ztech India are buying and selling at a premium (GMP) of forty five% in thegrey market as of this day.
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