Zeal Global Services IPO will open for subscription from 28 July 2023. the company aims for an issue size of ₹36.46 Cr through this IPO.
Company Overview
| Full name | Zeal Global Services Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website |
About Company
Incorporated in 2014, Zeal Global Services is headquartered in Delhi and has a presence in major locations such as Delhi and Mumbai. The company is engaged in the business of providing logistics solutions in the Air Cargo Industry. It has been operating as General Sales and Service Agent (GSSA) and sales partner for airlines in the region.
The company operates through 2 business verticals i.e. Cargo Carrier Service and Passenger Carrier Service. It has also made a strategic investment in a joint venture (JV) named Teleport
Commerce IN Private Limited has 33% in the JV. The company provides services to clients across countries namely India, China, the Middle East, Sri Lanka, Singapore, and Malaysia.
The Objective of the Issue
- Working capital requirement
- Investments in subsidiaries for business expansion
- Part repayment of debt
- General corporate purposes
- To meet issue expenses
IPO Timetable
| IPO Opening date | 28 July 2023 |
| IPO Closing | 01 August 2023 |
| Basis of Allotment | 04 August 2023 |
| Initiation Refund | 07 August 2023 |
| Credit to Demat Account | 08 August 2023 |
| Listing Date | 09 August 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹36.46 Cr – 3,540,000 shares |
| Fresh Issue | ₹36.46 Cr – 3,540,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹103 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 177,600 shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹123,600 |
| Retail (Max) | 1 | 1200 | ₹123,600 |
| HNI (Min) | 2 | 2,400 | ₹247,200 |
Reservation Details
| QIB Shares Offered | – |
| NII (HNI) Shares Offered | – |
| Retail Shares Offered | – |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 10M FY 2023 | |
| Revenue | 76.49 | 60.59 | 121.10 | 94.95 |
| Expenses | 74.91 | 58.66 | 114.16 | 83.86 |
| Net income | 1.34 | 1.70 | 5.24 | 8.27 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 1.78 | 2.26 | 6.97 |
| PE ratio | – | – | 14.78 |
| RONW (%) | 29.0 | 31.23 | 56.56 |
| NAV | 14.53 | 20.10 | 13.07 |
| ROCE (%) | 46.0 | 41.0 | 58.0 |
| EBITDA (%) | 3.0 | 4.0 | 6.0 |
| Debt/Equity | 0.59 | 0.28 | 0.15 |
Company Promoters
- Mr. Nipun Anand
- Mr. Vishal Sharma
Promoter Holding
| Pre Issue Share Holding | – |
| Post Issue Share Holding | – |
Lead Manager(s)
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone: +91 011 4509 8234
Email: ipo@expertglobal.in
Website: www.expertglobal.in
IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072, Maharashtra
Phone: +91 22 2851 1022
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Contact Details
ZEAL GLOBAL SERVICES LIMITED
A – 261/262, Third Floor, Street No. 6,
Mahipalpur Extension, New Delhi – 110037
Phone: +91 11 4144 4063
E-mail: cs@zeal-global.com
Website: www.zeal-global.com
Allotment Status
Zeal Global Services IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
Zeal Global Services IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
