Zeal Global Services Ltd
Price Range
₹103
Min. Quantity
1,200
Closes on
1 August 2023
Min. investment
₹1,23,600/1,200 Shares
Zeal Global Services Ltd IPO Timeline
Zeal Global Services Limited was originally incorporated as 'Zeal Global Services Private Limited' as a Private Limited Company vide Certificate of Incorporation dated February 13, 2014, issued by Registrar of Companies, NCT of Delhi and Haryana. Subsequently, the status was converted into a Public Limited Company and name of the Company changed to 'Zeal Global Services Limited' through fresh Certificate of Incorporation dated April 25, 2023 issued by the Registrar of Companies, Delhi.
| Event | Date |
|---|---|
| Zeal Global Services Ltd IPO Opening Date | 28 July 2023 |
| Zeal Global Services Ltd IPO Closing Date | 1 August 2023 |
| Basis of Allotment | 4 August 2023 |
| Initiation of Refunds | 7 August 2023 |
| Credit of Shares to Demat | 8 August 2023 |
| Zeal Global Services Ltd IPO Listing Date | 9 August 2023 |
Zeal Global Services Ltd IPO Details
| Zeal Global Services Ltd IPO Date | 28 July 2023 to 1 August 2023 |
| Zeal Global Services Ltd IPO Face Value | ₹10 per share |
| Zeal Global Services Ltd IPO Price | ₹103 to ₹0 per share |
| Zeal Global Services Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹36.46 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹36.46 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Nipun Anand, Vishal Sharma |
Zeal Global Services Ltd IPO Lot Size
The Zeal Global Services Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,23,600).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,23,600 |
| Maximum | 1 | 1,200 | ₹1,23,600 |
- Strengths
- Risks
- Opportunities
- 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 Financials
Zeal Global Services Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 112.56 | 195.4 | 11.67 |
| 03-2023 | 57.85 | 112.7 | 9.77 |
| 03-2022 | 29.85 | 121.28 | 5.24 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Working capital requirement
- Investment in subsidiary for business expansion
- Part repayment of debt
- General corporate purposes
Zeal Global Services Ltd IPO Promoter Holding
| Pre Issue Share Holding | 76% |
| Post Issue Share Holding | 55.78% |
Zeal Global Services Ltd IPO Subscription Status (Bidding Detail)
The Zeal Global Services Ltd IPO is subscribed 3.9007 times on 1 August 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 3.9007 |
Zeal Global Services Ltd IPO Prospectus
Zeal Global Services Ltd IPO Listing Date
| Listing Date | 9 August 2023 |
| BSE Script | 79263 |
| NSE Symbol | ZEAL |
| Listing In | NSE - SME |
| ISIN | INE0PPS01018 |
| IPO Price | ₹103 |
| Face Value | ₹10 |
Company Contact Information
A-261/262 3rd Floor Street # 6Mahipalpur Extn,New Delhi-110037
Phone: +91 11 4144 4063
Email: cs@zeal-global.com
Website: www.zeal-global.com
Zeal Global Services Ltd IPO Registrar
Zeal Global Services Ltd IPO Lead Manager(s)
- Expert Global Consultants Pvt Ltd
FAQ
What is the issue size of Zeal Global Services Ltd IPO?
I have pre-applied for Zeal Global Services Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.