Ztech India IPO allotment status: How to check status online on NSE and Maashitla

Ztech India IPO allotment is likely to be decided on Monday, June 3, following a bumper response from investors during the three-day subscription window.

The initial public offer is a book-built issue worth ₹37.3 crore, comprising an entirely fresh issue of 33.91 lakh shares.

After the closing of the three-day subscription window, bidders are eagerly waiting to know their share allocation status. The share allocation status can be checked online, using the websites of the NSE and the IPO registrar, Maashitla Securities.

Here's how to check the Ztech India IPO allotment status on the registrar Maashitla Securities Ltd's portal:

• Go to the ‘Maashitla Pvt Ltd’ website using this link - https://www.maashitla.com/allotment-status/public-issues
• From the company name dropdown menu choose Ztech India
• Select one of the options from PAN/Application Number/Demat Account Number
• Enter the PAN/Application Number/Demat Account Number
• Click submit

The number of shares you have applied for and the number of shares allotted to you will be displayed on your screen.

How to check the allotment status on the NSE website

Investors should complete the one-time registration on the NSE website using their PAN details in order to check share allotment status.

• Go to the NSE IPO allotment status page using this link https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Type in the User ID and password you have received in your email.
• Enter 'PAN' and your bank account details.
• Click the 'submit' button.
• The allotment status will be shown on the screen.

The company will issue refunds to investors who have not been allotted shares against the bids they have placed on Tuesday, June 4. Shares will be credited to the demat accounts of investors who have bid successfully on the same day. Ztech India’s shares are likely to be listed on the NSE SME platform on June 4.

Ztech India IPO details

The public offer of Ztech India was subscribed 371 times on the final day of bidding. The IPO received bids for more than 83.8 crore shares against 22.56 lakh shares on offer.

Non-Institutional Investors (NIIs) drove the demand for Ztech India’s shares, as the portion was booked 833 times. Retail investors booked their category 315.59 times. The issue was subscribed 123 times by the Qualified institutional buyers (QIBs).

About Ztech India

Ztech India is a three-decade old company which offers geo-technical solutions and designs civil engineering products. The company also operates in the waste management sector and is known for building theme parks using recycled scrap materials.

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