Incorporated in 2014, Zeal Global Services Limited operates as a logistics solutions provider in the Air Cargo Industry. The company’s head office is situated in Delhi, and it extends its services to other cities as well. Zeal Global Services functions as a General Sales and Service Agent (GSSA) and a sales partner for airlines in the region.
The company’s offerings are broadly categorized into two verticals:
- Cargo Carrier Service
- Passenger Carrier Service
Zeal Global Services Limited caters to the specific requirements of its clients by curating economical solutions for their freight needs. Its services are deployed across various industries, including fashion, pharmaceuticals, automotive, and industrials.
Additionally, Zeal Global provides essential support services to its customers, encompassing:
- Sales
- Marketing
- Administration
- Operations
Zeal Global Services Limited Stock Quote #
- Open: ₹190.35
- High – Low: ₹199.85 – ₹186.00
- Previous Close: ₹190.35
- Total Traded Value: 2,86,800
- 52 Weeks High: ₹9.45 (Sep 13, 2022)
- 52 Weeks Low: ₹6.06 (Apr 28, 2023)
- Updated On: Aug 22, 2023 4:00 PM
IPO Details #
Zeal Global Services IPO is a Fixed Price Issue. The IPO total issue size is Rs 36.46 Cr. The Zeal Global Services IPO price is ₹103 per share. The IPO will list on NSE SME.
| IPO Date | Jul 28, 2023 to Aug 1, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹103 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,540,000 shares (aggregating up to ₹36.46 Cr) |
| Fresh Issue | 3,540,000 shares (aggregating up to ₹36.46 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,769,750 |
| Share holding post issue | 13,309,750 |
| Market Maker portion | 177,600 shares Rikhav Securities |
Zeal Global Services IPO Reservation #
Zeal Global Services IPO a total of 3,540,000 shares are offered. RII: 1,682,400 (47.53%), NII: 1,680,000 (47.46%).
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 177,600 (5.02%) |
| Other Shares Offered | 1,680,000 (47.46%) |
| Retail Shares Offered | 1,682,400 (47.53%) |
| Total Shares Offered | 3,540,000 (100%) |
Zeal Global Services IPO Timetable (Tentative) #
Zeal Global Services IPO opens on Jul 28, 2023, and closes on Aug 1, 2023.
| IPO Open Date | Friday, 28 July 2023 |
| IPO Close Date | Tuesday, 1 August 2023 |
| Basis of Allotment | Friday, 4 August 2023 |
| Initiation of Refunds | Monday, 7 August 2023 |
| Credit of Shares to Demat | Tuesday, 8 August 2023 |
| Listing Date | Wednesday, 9 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 1, 2023 |
Zeal Global Services IPO Lot Size #
The minimum lot size of this Zeal Global Services IPO is 1200 shares required is ₹123,600.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹123,600 |
| Retail (Max) | 1 | 1200 | ₹123,600 |
| HNI (Min) | 2 | 2,400 | ₹247,200 |
| Lot Size Calculator | |||
Zeal Global Services IPO Promoter Holding #
Mr. Nipun Anand and Mr. Vishal Sharma are the Promoters of the company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.40% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,203.03 | 7,671.09 | 133.60 | 435.76 | 375.76 | 258.00 |
| 31-Mar-21 | 1,893.07 | 6,094.93 | 169.61 | 603.09 | 543.09 | 171.41 |
| 31-Mar-22 | 3,194.82 | 12,127.77 | 524.30 | 1,277.22 | 1,081.82 | 194.32 |
| 31-Jan-23 | 4,969.26 | 9,505.38 | 826.65 | 2,115.61 | 1,920.21 | 1,243.92 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
Zeal Global Services IPO Market Cap is Rs 137.09 Cr and P/E (x) is 13.83.
| KPI | Values |
|---|---|
| P/E (x) | 13.83 |
| Market Cap (₹ Cr.) | 137.09 |
| ROE | 39.07% |
| ROCE | 0.56 |
| Debt/Equity | 0.59 |
| EPS (Rs) | 8.46 |
| RoNW | 48.73% |
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 IPO Subscription Status (Bidding Detail) #
The Zeal Global Services IPO is subscribed 1.35 times on Jul 31, 2023 4:42:00 PM. The public issue subscribed 1.39 times in the retail category, times in the QIB category, and 1.31 times in the NII category.
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.31 | 16,80,000 | 21,99,600 |
| Retail | 1.39 | 16,82,400 | 23,41,200 |
| Total | 1.35 | 33,62,400 | 45,40,800 |
Total Application : 1,951 (1.39 times)
*Market Maker portion is not included to NII/HNI.
Zeal Global Services IPO Prospectus #
Company Contact Information #
A – 261/262, Third Floor,
Street No. 6, Mahipalpur Extension,
New Delhi – 110037
Phone: +91 11 4144 4063
Email: cs@zeal-global.com
Website: https://www.zeal-global.com/
Zeal Global Services IPO Registrar #
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
