Z Tech (India) Limited’s Initial Public Offering to open on Wednesday 29 May, 2024. This is a Book Building IPO of 33, 91,200 equity shares of Rs. 10 each to mobilize Rs. 37.30 cr appox.(calculated at upper hand) Its price band will be Rs. 104 – Rs. 110 per share. The issue opens for subscription on May 29, 2024, and will close on May 31, 2024. The Anchor bidding will be on 28th May, 2024

MUMBAI, 27 MAY, 2024 (GPN): Delhi-based Z Tech (India) Limited is engaged in providing innovative, safe and eco-friendly engineering solutions to our customers. These solutions include three major categories: Sustainable Theme Park Development, Industrial Waste Water Management and Geo Technical Specialised Solutions. It has fixed the price band at Rs.104- Rs.110per Equity Share of face valueRs. 10/- each for its maiden initial public offer.

The Initial Public offering “(IPO” or “Offer”) of the company will open on Wednesday, May 29th 2024, for subscription and close on Friday, May 31, 2024. Investors can bid for a minimum of 1200 equity shares. And in multiples of 1200 thereafter. The issue consists of a fresh issue of up to 33,91,200 equity shares to mobilise Rs.37.30Cr approx.(calculated at upper hand) with No offer for sale (OFS) promoter & promoter group. The net proceeds of the IPO, it will utilize Rs. 23.76 cr. for working capital, and the rest for general corporate purposes.

Ms. Sanghamitra Borgohain is a promoter and managing director of the company. She is a first-generation entrepreneur with a rich experience of more than 13 years in the civil construction industry. She has demonstrated exceptional leadership and strategic vision throughout her career. Ms. Borgohain’s expertise lies in overseeing complex construction projects and ensuring their successful completion within budget and on schedule. She has been associated with our company since its inception.

The company originally designs civil engineering products and services with state-of-the-art specialty in Geo-Technical Specialised Solutions in the field of infrastructure and civil construction projects to India. It includes a range of techniques, methodologies, and technologies aimed at optimizing the performance and stability of structures built on or in the ground.

In addition to this, it is actively engaged in the waste management sector, where their focus involves creating theme parks through the utilization of recycled scrap materials. Simultaneously, they are dedicated to implementing innovative waste water management solutions for industrial units, employing the cutting-edge GEIST technology. This dual commitment underscores their holistic approach to sustainable practices, transforming discarded materials into recreational spaces while efficiently managing industrial wastewater through state-of-the-art technology.

Key Highlights of the Company:

6 Theme Parks Developed

• 10 upcoming Theme parks

• 45+ ongoing Projects

• 70+ Team Size

158 Cr worth Total Order Book

• ISO 9001:2015 Certified

On the financial performance front, for the last four fiscals, the company has (on a consolidated basis) posted a total income/net profit of Rs. 23.96 cr./Rs. 0.70 cr. (FY21), Rs. 30.84 cr. / Rs. 0.07 cr. (FY22), Rs. 25.88 cr. / Rs. 1.96 cr. (FY23), and Rs. 67.37 cr. / Rs. 7.79 cr. (FY24).

For the last four fiscals, it has reported an average EPS of Rs. 4.22, and an average RoNW of 19.75%. The issue is priced at a P/BV of 4.52 based on its NAV of Rs. 24.32 as of March 31, 2024, and at a P/BV of 2.38 based on its post-IPO NAV of Rs. 46.26 per share (at the upper cap). For the reported periods, the company has posted PAT margins of 2.63% (FY21), 0.31% (FY22), 7.70% (FY23), 12% (FY24) on standalone basis, and ROCE margins of 11.10%, 1.79%, 25.30%, 45.73% (on consolidated basis) respectively for the referred periods.

The issue is solely lead managed by Narnolia Financial Services Ltd.., and Maashitla Securities Pvt. Ltd. is the registrar to the issue. NVS Brokerage Pvt. Ltd., is the market maker for the company.