The Ztech India IPO, which closed on Friday, received an overwhelming response from investors. On the final day of bidding, the ₹37.30-crore SME IPO had garnered a staggering 371.56 times subscription, with investors bidding for 8.38 crore shares compared to the 22,56,000 shares on offer.
If you applied for the IPO, here is how you can check the Ztech IPO allotment status.
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Checking IPO Allotment Status on Registrar’s Website:
Follow these steps to check the Ztech India IPO allotment statusVisit the registrar’s website.Pick a server to check your IPO Allotment Status.Select “Ztech India” from the companies listed in the drop-down menuIn the Selection Type, choose either Application number, Demat Account Number, or PAN ID.Enter your ID as per your selection.Click ‘Submit’ to retrieve your Ztech India IPO allotment status.
The Ztech IPO allotment status will be visible if all the details are entered correctly and the allotment has been finalised.
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Ztech India IPO Subscription Status
The retail investor category was subscribed 315.59 times, while the non-institutional investor (NII) category saw a massive 832.37 times subscription. The qualified institutional buyers (QIB) category was subscribed 123.10 times.
Market observers report that unlisted shares of Ztech India Limited are trading at a grey market premium (GMP) of Rs 58 above the issue price, indicating a 52.73% expected listing gain based on current market sentiments.
Ztech IPO GMP
The Ztech IPO GMP is currently reported at ₹58. Considering the upper price band of the IPO, the stock is expected to list at 168, indicating a potential gain of approximately 52% on listing. However, it is important to remember that while GMPs can provide some insight into market sentiment, they are not always a reliable predictor of a stock’s performance upon listing.
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Ztech India IPO Details
The Ztech India IPO opened for public subscription on May 29, 2024, and the shares are set to list on the NSE SME platform on June 4. The IPO price was set between ₹104 and ₹110 per share.
The IPO is entirely a fresh issue of 33.91 lakh shares. The minimum application size is 1,200 shares, requiring a retail investment of ₹1,32,000. High Net Worth Investors (HNIs) need a minimum investment of ₹2,64,000 for 2 lots (2,400 shares).
Ztech India Ltd, established in November 1994, designs civil engineering products and provides specialised Geo-Technical Solutions for infrastructure and civil construction projects in India. The company also operates in the waste management sector, creating theme parks using recycled scrap materials.
