look news india
IPO News Update : There is a lot of activity in the primary market again. The IPO of a new company is going to open on May 29. The name of this company is Ztech India. The company will issue 33.91 lakh new shares through the IPO. The size of ZTech India IPO is Rs 37.30 crore. It is worth noting that the price band of the IPO has been fixed from Rs 104 to Rs 110 per share.
Till when will the IPO remain open
Ztech India IPO will be open for investors from May 29 to May 31. Shares will be allotted to the accounts of successful investors on June 3. Therefore, the company's shares will be listed on NSE SME on June 4.
The company has created a lot of 1200 shares for the IPO. Due to which a retail investor will have to place a bet of at least Rs 1,32,000. After the IPO, the promoter's stake in the company will decrease from 82.65 percent to 60.75 percent.
What is GMP?
The company's shares are trading at a premium of Rs 95 in the grey market today. In such a situation, if this trend continues till listing, then the company can be listed on NSE at Rs 175. Investors can get a profit of 59 percent on the first day. The IPO will open for anchor investors tomorrow. The company will try to raise Rs 10.63 crore through anchor investors.
35 per cent of the IPO will be reserved for retail investors. While a maximum of 50 per cent can be reserved for Qib.
Financial position of the company
The company's net profit in the last financial year was Rs 7.79 crore. Whereas in the previous financial year, the company had a net profit of Rs 1.96 crore. Talking about the company's revenue, it was 67.93 percent in the last financial year.
