Z-Tech IPO

Z-Tech (India) Ltd

₹1,24,800 /1200 sharesMinimum Investment

Z-Tech IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
29 May ‘24 - 31 May ‘24₹1,24,8001,200₹104 - ₹110
Issue SizeIPO Doc
37.30Cr
RHP PDF

About Z-Tech

Ztech India Limited designs civil engineering products and services in the areas of infrastructure and civil construction in India. This includes a range of techniques, methodologies, and technologies aimed at optimising the performance and stability of structures built on or in the ground. The company is also engaged in waste management. It creates theme parks with the help of recycled scrap materials. It also implements innovative waste water management solutions for industrial units. Thus, the company’s operations can be divided into 3 major categories: 1. Sustainable theme park cevelopment 2. Industrial waste water management 3. Geo technical specialised solutions;
Parent Organisation
Z-Tech (India) Ltd
Founded
1994
Managing Director
Ms. Sanghamitra Borgohain

Strengths & Risks

  • The company uses GEIST, a water treatment technology, to develop solutions for the recovery of chemicals from industrial waste water streams and offers turnkey solutions for achieving profitable zero liquid discharge (ZLD).
  • Over the last two decades, the company has executed various projects in the area of civil construction.
  • The company holds an ISO 9001:2015 (Quality Management System) certification.
  • The company is present across India, except for the southern region.
  • The company’s revenue from operations has been consistent over the past 3 years. It reported revenue from operations of Rs. 23.48 crore, Rs. 30.64 crore and Rs. 25.73 crore in FY 2021, 2022 and 2023 respectively. Its profit after tax saw a substantial increase from Rs. 0.08 crore in FY 2022 to Rs. 1.97 crore in FY 2023.
  • The company operates in three distinct segments that lack a connect. Though this is diversification of business, it poses a significant risk to the company’s business.
  • The company derives a substantial portion of its revenue from the newly introduced business – Sustainable theme parks (introduced in FY23) – compared to Geo-technical specialised solutions and Waste Water management. This dependency on sustainable theme parks could adversely impact the company’s business, financial condition, and cash flows.
  • A majority of the company’s state-wise revenue from operations for the last three years came from Delhi. Any adverse developments affecting its operations in Delhi could negatively impact the company’s business.
  • The company is involved in legal proceedings. Any adverse judgments in these proceedings could negatively impact the company’s business.
  • The company had outstanding unsecured loans of Rs. 0.67 crore as on March 31, 2024, which may be recalled by the lenders at any time.
  • The company is dependent on a limited number of customers for its revenues. Its top 10 customers contributed 77% to total revenue as of financial year ending March 2024.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular104 - 110₹2 Lakh
High Networth Individual104 - 110₹2 - 5 Lakh
For Z-Tech IPO, eligible investors can apply as Regular.
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