Zeal Global Services Limited IPO
NSE SMEListed On: Aug 9, 2023 at ₹ 147.0
₹ 123600 /1200 Shares
Check AllotmentZeal Global Services Limited IPO Details
28 Jul, 2023
Open Date01 Aug, 2023
Close Date04 Aug, 2023
Allotment Date09 Aug, 2023
Listing DateIssue Price
₹103 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Skyline Financial Services Private LtdList Price
147.0Listing Date
2023-08-09Market Lot
1200 Shares (₹123,600/-)Lead Manager
Expert Global Consultants Private LimitedIssue Size
3,540,000 shares(aggregating up to ₹36.46 Cr)Retail Portion
50%Subscription
4.06 timesZeal Global Services Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,680,000 | 1,682,400 | 3,362,400 |
| Day 1 - 28-07-23 06:00 PM | 0.92 x | 0.35 x | 0.64 x |
| Day 2 - 31-07-23 06:00 PM | 1.31 x | 1.44 x | 1.37 x |
| Day 3 - 01-08-23 05:00 PM | 4.26 x | 3.85 x | 4.06 x |
Zeal Global Services Limited Valuations
Earnings Per Share (EPS)
₹6.97/-P/E Ratio
12.18RoNW
56.56%Net Asset Value (NAV) - Post Issue
₹21.65/-Zeal Global Services Limited Company Financials All values are in ₹ Lakh
| 31-Jan-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|---|
| Assets | 4,969.26 | 3,194.82 | 1,893.07 | 2,203.03 |
| Revenue | 9,505.38 | 12,127.77 | 6,094.93 | 7,671.09 |
| Profit After Tax | 826.65 | 524.30 | 169.61 | 133.60 |
About The Company
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.
Zeal Global Services Limited - Promoter(s)
Pre Issue Share Holding: %
Post Issue Share Holding: %
Company Promoter(s)
- Mr. Nipun Anand
- Mr. Vishal Sharma
Zeal Global Services Limited IPO - Issue Objectives
- 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 - FAQs
Ans. Zeal Global Services Limited IPO is a SME IPO. The issue is priced at ₹103 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Jul 28, 2023, and closes on Aug 1, 2023. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Zeal Global Services Limited IPO opens on Jul 28, 2023 and closes on Aug 1, 2023.
Ans. The size of Zeal Global Services Limited IPO is 3,540,000 shares(aggregating up to ₹36.46 Cr).
Ans. The IPO price band is set between ₹103 per equity share.
Ans. To apply for Zeal Global Services Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Zeal Global Services Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Zeal Global Services Limited IPO is Aug 4, 2023.
Ans. The Zeal Global Services Limited IPO will be listed on Aug 9, 2023.
Ans. Follow the steps to check the allotment status for Zeal Global Services Limited IPO here.
