Zeal Global Services Limited IPO Detail
Incorporated in 2014, Zeal Global Services Limited is engaged in the operations of offering logistics solutions in the Air Cargo Industry. The company's head office is situated in Delhi and it offers its services in other cities too. The company operates as GSSA i.e., General Sales and Service Agent as well as a sales partner for airline in the region.
Zeal Global Services broadly provides its offering in two verticals, which are:
- Cargo Carrier Service
- Passenger Carrier Service
Given the specific requirements of the clients, Zeal Global Services Limited curates economical solutions for their freight requirements. The company deploy its services to various industries like fashion, pharmaceuticals, automotive, and industrials.
Further, Zeal Global also offers some support services to their customers. These services are:
- Sales
- Marketing
- Administration
- Operations
Company Promoters
IPO Details
| IPO Opening Date | Jul 28, 2023 |
| IPO Closing Date | Aug 01, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹103 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹36.46 Cr |
| Fresh Issue | 3,540,000 shares (aggregating up to ₹36.46 Cr) |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.00x | 0.00x | 0.00x | |
| Day 2 | - | - | 0.00x | 0.00x | 0.00x | |
| Day 3 | - | - | 0.94x | 0.39x | 0.67x | |
| Day 4 | - | - | 1.12x | 0.89x | 1.00x | |
| Day 5 | - | - | 4.26x | 3.85x | 4.06x |
IPO Tentative Timetable
The Zeal Global Services Limited IPO open date is Jul 28, 2023, and the close date is Aug 01, 2023. The issue may list on Aug 09, 2023.
| IPO Open Date | Jul 28, 2023 |
| IPO Close Date | Aug 01, 2023 |
| Basis of Allotment Date | Aug 04, 2023 |
| Initiation of Refunds | Aug 07, 2023 |
| Credit of Shares to Demat Account | Aug 08, 2023 |
| IPO Listing Date | Aug 09, 2023 |
IPO Lot Size
The Zeal Global Services Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹123600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹123600 |
| Maximum | 1 | 1200 | ₹123600 |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 3194.82 | 12127.77 | 524.30 |
| 31-Jan-23 | 4969.26 | 9505.38 | 826.65 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objects:
- Working capital requirement
- Investments in subsidiaries for business expansion
- Part repayment of debt
- General corporate purposes
- To meet issue expenses
Zeal Global Services Limited IPO Registrar:
Skyline Financial Services Private Ltd
Zeal Global Services Limited IPO Lead Manager(s):
Expert Global Consultants Private Limited
Company Contact Information:
Zeal Global Services Limited
A - 261/262, Third Floor, Street No. 6, Mahipalpur Extension
New Delhi
New Delhi
