Ztech India IPO price band set at ₹104 - 110 per share; issue to open on May 29

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₹104 to ₹110 per share, while the IPO lot size is 1,200 shares. The minimum investment amount required by retail investors is ₹132,000.

Also Read: Awfis Space Solutions IPO day 3: GMP, subscription status to review. Apply or not?Narnolia Financial Services Ltd is the book running lead manager of the Ztech India IPO, while Maashitla Securities Private Limited is the IPO registrar.The company plans to utilise the net issue proceeds to meet the working capital requirements and general corporate purposes.Sanghamitra Borgohain and M/s Terramaya Enterprises Pvt Ltd are the promoters of Ztech India.

The promoter shareholding in the company will reduce to 60.75% from 82.65% after the IPO.Ztech India is involved in the waste management sector and focuses on creating theme parks using recycled scrap materials. The company provides eco-friendly engineering solutions in Sustainable Theme Park Development, Industrial Wastewater Management, and Geotechnical Specialized Solutions.Also Read: Hyundai Motor India IPO: Kotak, Morgan Stanley likely to be advisors for India’s biggest IPO - ReportZtech India’s net profit in FY24 increased to ₹7.79 crore from ₹1.96 crore in FY23, while its revenue in FY24 jumped to ₹67.37 crore from ₹25.88 crore YoY.Ztech India IPO GMP today, or grey market market premium today, is ₹65 per share, as per stock market observers.