Zeal Global Services IPO

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 nameZeal Global Services Limited
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 date28 July 2023
IPO Closing01 August 2023
Basis of Allotment04 August 2023
Initiation Refund07 August 2023
Credit to Demat Account08 August 2023
Listing Date09 August 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹36.46 Cr – 3,540,000 shares
Fresh Issue₹36.46 Cr – 3,540,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹103 per share
Lot size1200 Shares
Market Maker portion177,600 shares
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)11200₹123,600
Retail (Max)11200₹123,600
HNI (Min)22,400₹247,200

Reservation Details

QIB Shares Offered
NII (HNI) Shares Offered
Retail Shares Offered

Financial Performance

 FY 2020FY 2021FY 202210M FY 2023
Net income1.341.705.248.27
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio14.78
RONW (%)29.031.2356.56
ROCE (%)

Company Promoters

  • Mr. Nipun Anand
  • Mr. Vishal Sharma

Promoter Holding

Pre Issue Share Holding
Post Issue Share Holding

Lead Manager(s)

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

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

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

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