Zeal Global Services Limited IPO (Zeal Global Services IPO)

Zeal Global Services Limited IPO
Upcoming Zeal Global Services IPO | New Zeal Global Services IPO

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

Zeal Global Services IPO – Details

IPO Opening Date28 July 2023
IPO Closing Date01 August 2023
Issue TypeFixed Price Issue IPO
Issue Size35,40,000 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 Lot1200 Shares
Min Order1200 Shares (1 Lot)
Listing AtNSE SME
RegisterSkyline Financial Services Private Ltd
Other Shares Offered50%
Retail Shares Offered50%

Zeal Global Services IPO – Date Schedule

IPO Open Date28 July 2023
IPO Close Date01 August 2023
Basis of Allotment04 August 2023
Initiation of Refund07 August 2023
Credit of Shares to Demat Account08 August 2023
IPO Listing Date09 August 2023
Cut-off time for UPI mandate confirmation5 PM on Aug 01, 2023

Zeal Global Services IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)112001,23,600
Retail (Maximum)112001,23,600
HNI (Minimum)224002,47,200

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.
Zeal Global Services IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202076.7174.901.332.58
31 March 202160.9458.661.691.71
31 March 2022121.27114.155.241.94
31 January 202395.0583.858.2612.43
Amount in ₹ Crore

Key Performance Indicator

P/E (x)13.83
Market Cap (₹ Cr.)137.09
EPS (Rs)8.46

Zeal Global Services IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.40%

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

Zeal Global Services IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com

Zeal Global Services IPO Lead Manager(s)

1. Expert Global Consultants Private Limited

Zeal Global Services IPO FAQs

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.
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