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
Zeal Global Services IPO – Details
| IPO Opening Date | 28 July 2023 |
| IPO Closing Date | 01 August 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 35,40,000 Shares Worth ₹36.46 Crore Fresh Issue: 35,40,000 Shares Worth ₹36.46 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹103 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Zeal Global Services IPO – Date Schedule
| IPO Open Date | 28 July 2023 |
| IPO Close Date | 01 August 2023 |
| Basis of Allotment | 04 August 2023 |
| Initiation of Refund | 07 August 2023 |
| Credit of Shares to Demat Account | 08 August 2023 |
| IPO Listing Date | 09 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 01, 2023 |
Zeal Global Services IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | 1,23,600 |
| Retail (Maximum) | 1 | 1200 | 1,23,600 |
| HNI (Minimum) | 2 | 2400 | 2,47,200 |
Competitive Strengths
- Experienced management team having domain knowledge to scale up and expand into new opportunities.
- Wide portfolio of services addressing the needs of varied customers across the industry.
- Capture the high growth opportunities in the India air cargo industry.
- Experienced promoters and management team.
- Strong brand recognition.
Company Promoters
- Mr. Nipun Anand
- Mr. Vishal Sharma
Object Of The Issue
- Working capital requirement.
- Investments in subsidiaries for business expansion.
- Part repayment of debt.
- General Corporate Purposes.
- To meet issue expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2020 | 76.71 | 74.90 | 1.33 | 2.58 |
| 31 March 2021 | 60.94 | 58.66 | 1.69 | 1.71 |
| 31 March 2022 | 121.27 | 114.15 | 5.24 | 1.94 |
| 31 January 2023 | 95.05 | 83.85 | 8.26 | 12.43 |
Key Performance Indicator
| 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 |
Zeal Global Services IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.40% |
Zeal Global Services IPO Prospectus
Company Contact Information
| Zeal Global Services Limited 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 |
Zeal Global Services IPO Lead Manager(s)
| 1. Expert Global Consultants Private Limited |
Zeal Global Services IPO FAQs
| What is Zeal Global Services IPO? Zeal Global Services IPO is a SME IPO. The issue is priced at ₹103 per equity share. The IPO is to be listed on NSE SME. |
| When Zeal Global Services IPO will open? The IPO is to open on 28 July 2023 for NII and Retail Investors. |
| How to Zeal Global Services IPO? You can apply Zeal Global Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Zeal Global Services IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Zeal Global Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Zeal Global Services IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Zeal Global Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Zeal Global Services IPO Size? Zeal Global Services IPO size is ₹36.46 crores. |
| What is Zeal Global Services IPO Price Band? Zeal Global Services IPO Price Band is ₹103. |
| What is Zeal Global Services IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹123,600 amount while the maximum bid is 1200 shares with ₹1,23,600. |
| What is the Zeal Global Services IPO Allotment Date? Zeal Global Services IPO allotment date is 4 August 2023. |
| What is the Zeal Global Services IPO Listing Date? Zeal Global Services IPO listing date is 9 August 2023. The IPO is to list on NSE SME. |
