PN Mumbai (Maharashtra) [India], May 28: Z-Tech (India) Limited, a leader in innovative engineering solutions, sustainable theme parks and water waste management, announced its plans to go public with an Initial Public Offering Is. (IPO) on May 29, 2024. The company aims to raise Rs 37.30 crore at the upper band through this IPO, the shares of which will be listed on the NSE Emerge platform. The issue size is up to 33,91,200 equity shares. The face value of each is Rs 10.Equity Share Allotment * QIB Anchor Portion – up to 9,66,000 equity shares * Qualified Institutional Buyers (QIBs) – up to 6,43,200 equity shares * Non-Institutional Investors
- Up to 4,83,600 equity shares * Retail Individual Investors (RIIs) - up to 11,28,000 equity shares * Market Makers - up to 1,70,400 equity shares The net proceeds from the IPO will be used for working capital requirement and general corporate purposes. Bidding for the anchor portion will open on March 28, 2024, the issue will open for subscription for all other categories from March 29, 2024 and will close on May 31, 2024. The book running lead manager to the issue is Narnolia Financial Services Limited. , The registrar to the issue is Mashitala Securities Pvt. Ltd. Ltd. The market maker of this issue is NVS Brokerage Pvt. Ltd. Sanghamitra Borgohain, Managing Director, Z-Tech (India) Ltd. said, “Reflecting on our journey, Z-Tech has consistently pushed the boundaries in engineering innovation and sustainability.With the project, we have not only changed the landscape but also redefined the possibilities. As we begin this new chapter with our IPO, we are embracing new horizons at our core. Committed to Values.Vipin Agarwal, Director (Investment Banking), Narnolia Financial Services Limited, said, “Today, we celebrate an important moment in the journey of Z-Tech (India) Limited as they move towards their IPO . This is a testament to their unwavering commitment towards innovation and sustainability.Z-Tech's diverse presence in water treatment technology and geosynthetics reflects the potential of the rapidly growing water sector. Linked to the treatment technology and geosynthetic markets, their strategic allocation of the IPO goes towards enhancing operational efficiency, technological capabilities and sustainability initiatives, demonstrating their foresight and dedication towards responsible business practices. As they move forward on this transformational journey, the possibilities for growth and innovation become limitless with Z-Tech as a symbol of excellence and sustainability for the years to come.
- Up to 4,83,600 equity shares * Retail Individual Investors (RIIs) - up to 11,28,000 equity shares * Market Makers - up to 1,70,400 equity shares The net proceeds from the IPO will be used for working capital requirement and general corporate purposes. Bidding for the anchor portion will open on March 28, 2024, the issue will open for subscription for all other categories from March 29, 2024 and will close on May 31, 2024. The book running lead manager to the issue is Narnolia Financial Services Limited. , The registrar to the issue is Mashitala Securities Pvt. Ltd. Ltd. The market maker of this issue is NVS Brokerage Pvt. Ltd. Sanghamitra Borgohain, Managing Director, Z-Tech (India) Ltd. said, “Reflecting on our journey, Z-Tech has consistently pushed the boundaries in engineering innovation and sustainability.With the project, we have not only changed the landscape but also redefined the possibilities. As we begin this new chapter with our IPO, we are embracing new horizons at our core. Committed to Values.Vipin Agarwal, Director (Investment Banking), Narnolia Financial Services Limited, said, “Today, we celebrate an important moment in the journey of Z-Tech (India) Limited as they move towards their IPO . This is a testament to their unwavering commitment towards innovation and sustainability.Z-Tech's diverse presence in water treatment technology and geosynthetics reflects the potential of the rapidly growing water sector. Linked to the treatment technology and geosynthetic markets, their strategic allocation of the IPO goes towards enhancing operational efficiency, technological capabilities and sustainability initiatives, demonstrating their foresight and dedication towards responsible business practices. As they move forward on this transformational journey, the possibilities for growth and innovation become limitless with Z-Tech as a symbol of excellence and sustainability for the years to come.
