IPO: Ztech India’s initial public offering (IPO) will be open for subscription on May 29. The pubic offering is a fresh issue of 33.91. Ztech aims to raise Rs 37.30 crore via IPO. The company has announced the price band at Rs 104 to Rs 110 per share. The stock market nowadays is hitting new highs each day, however, it remains volatile as well. Analysts are speculating that the market would go high as the government is likely to repeat the victory in the general elections in 2024.
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How long will it be open?
Ztech India IPO will be open for investors from May 29 to May 31. It is expected that the shares will be allotted to the accounts of the investors who have placed bets on June 3. Whereas, listing in NSAE SME has been fixed on June 4.
The company has made a lot of 1200 shares for the IPO. Because of this, a retail investor will have to place a bet of at least Rs 1,32,000. After the IPO, the promoters’ shareholdings in the company will come down to 60.75 percent from 82.65 percent.
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Ztech India IPO GMP Today
The company’s IPO is trading at a premium of Rs 65 today and if this trend continues till listing then the company can make a stellar debut on NSE at Rs 175. As per the current GMP, investors can get a profit of 59 percent on the first day itself, if the trends continue. This IPO will open for anchor investors on May 28. The company aims to raise Rs 10.63 crore through anchor investors.
At least 35 percent of the IPO will be reserved for retail investors. Whereas only a maximum of 50 percent share can be reserved for QIB.
Company’s quarterly balance sheets? – The net profit of the company in the last financial year was Rs 7.79 crore. Whereas in the previous financial year, the company had made a net profit of Rs 1.96 crore. Talking about the company’s revenue, it was 67.37 percent in the last financial year.
