PNN Mumbai Maharashtra [India] May 28 Z-Tech India Limited one of the pioneer in innovative engineering solutions sustainable theme parks and water waste management has announced its plan to go public with an Initial Public Offering IPO on May 29 2024 The company is aiming to raise Rs 3730 Crores at the upper band through this IPO with shares set to be listed on the NSE Emerge platform The issue size is Up to 3391200 equity shares at a face value of Rs 10 each Equity Share Allocation * QIB Anchor Portion - Up To 966000 Equity Shares * Qualified Institutional Buyers QIB - Up To 643200Equity Shares * Non-Institutional Investors NII - Up To 483600 Equity Shares * Retail Individual Investors RII - Up To 1128000Equity Shares * Market Maker - Up To 170400 Equity Shares The net proceeds from the IPO will be utilized for Working Capital Requirements and General Corporate Purposes The bidding for Anchor portion will open on May 28 2024 the issue will open for subscription for all other category from May 29 2024 and closes on May 31 2024 The Book Running Lead Manager to the Issue is Narnolia Financial Services Limited The Registrar to the Issue isMaashitla Securities Private Limited The Market Maker to the issue is NVS Brokerage Private Limited Sanghamitra Borgohain Managing Director of Z-Tech India Limited expressed Reflecting on our journey Z-Tech has continually pushed boundaries in engineering innovation and sustainability With each project weve not only transformed landscapes but also redefined possibilities As we embark on this new chapter with our IPO we remain committed to our core values while embracing new horizons Weve achieved significant milestones in Sustainable Theme Park Development Waste Water Management and Geo Technical Solutions with over 30 successful projects under our belt and numerous ongoing initiatives Looking ahead were excited to diversify into Fast Forward Sports Arena and Pet Parks within our theme park segment expand internationally and explore the creation of Waste to Art Products In the realm of waste water treatment the increasing demand driven by stricter pollution control norms and rising costs presents exciting opportunities Were also exploring expansion through a BOO model and entering untapped technical areas within Geo Technical Solutions alongside domestic geographical expansion From Sustainable Theme Parks to Waste Water Management our vision extends beyond today shaping a brighter more sustainable tomorrow Vipin Aggarwal Director Investment Banking of Narnolia Financial Services Limited said Today we celebrate a pivotal moment in the journey of Z-Tech India Limited as they embark on the path towards their IPO It not just a milestone it a testament to their unwavering commitment to innovation and sustainability Z-Tech diverse presence across theme parks water treatment technology and geosynthetics reflects the expansive potential of these industries The theme park sector coupled with the rapidly growing water treatment technology and geosynthetic markets offers immense opportunities Their strategic allocation of IPO proceeds towards enhancing operational efficiency technological capabilities and sustainability initiatives showcases their foresight and dedication to responsible business practices As they set out on this transformative journey the prospects for growth and innovation are limitless positioning Z-Tech as a beacon of excellence and sustainability for years to come ADVERTORIAL DISCLAIMER The above press release has been provided by PNN ANI will not be responsible in any way for the content of the same

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