Ztech India IPO opens for subscription: Check out price band, lot size, allotment date, other details

Ztech India IPO: The IPO of Ztech India opened for subscription today, May 29. The issue will be open for subscription for three trading days, i.e., until Friday, May 31 from 10 am to 5 pm. Ztech India IPO is a book-built issue of Rs 37.3 crore and the issue is entirely a fresh issue of 33.91 lakh shares.

Ztech India IPO allotment date

The basis of the allotment of shares under the IPO of Ztech India is set to be finalised on Monday, June 3. 

Ztech India IPO listing date

The Ztech India IPO stock is likely to be listed on Tuesday, June 4. The stock will be traded on the NSE SME.

Ztech India IPO lot size,  Ztech India IPO price band

Ztech India IPO's price band is set at Rs 104 to Rs 110 per share. The minimum lot size for an application is 1200 shares. The minimum amount of investment required by retail investors is Rs 132,000.

Ztech India IPO: Book-running lead managers

Narnolia Financial Services is the book-running lead manager of the Ztech India IPO, while Maashitla Securities Private is the registrar for the issue.

What does Ztech India do?

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.

Ztech India IPO: Fund Utilisation

The objectives of the Ztech India IPO are to meet the working capital requirements of the company,  to meet out the general corporate purposes and to meet out the issue expenses.

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