Last updated on August 10, 2023
Zeal Global Services IPO Description – 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 and has 33% in the JV. The company provides services to clients across countries namely India, China, the Middle East, Sri Lanka, Singapore, and Malaysia.
Promoters of Zeal Global Services – Mr. Nipun Anand and Mr. Vishal Sharma
Table of Contents
Zeal Global Services IPO Details
| Zeal Global Services IPO Dates | 28 July – 1 August 2023 |
| Zeal Global Services Issue Price | INR 103 per share |
| Fresh issue | 35,40,000 shares (INR 36.46 crore) |
| Offer For Sale | NIL |
| Total IPO size | 35,40,000 shares (INR 36.46 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 123,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Zeal Global Services Financial Performance
| Â | 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 |
Zeal Global Services Offer News
- Zeal Global Services RHP
- Zeal Global Services Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Zeal Global Services 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 |
Zeal Global Services IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 4 August 2023 | – | – | – |
| 2 August 2023 | 10 | – | – |
| 1 August 2023 | 10 | – | – |
| 31 July 2023 | 10 | – | – |
Zeal Global Services IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,857,600 | 1,682,400 | 3,540,000 |
| 1 Aug 2023 | 3.94 | 3.85 | 3.90 |
| 31 Jul 2023 | 1.28 | 1.40 | 1.34 |
| 28 Jul 2023 | 0.95 | 0.38 | 0.68 |
Zeal Global Services IPO Allotment Status
Zeal Global Services IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Zeal Global Services IPO Dates & Listing Performance
| IPO Opening Date | 28 July 2023 |
| IPO Closing Date | 1 August 2023 |
| Finalization of Basis of Allotment | 4 August 2023 |
| Initiation of refunds | 7 August 2023 |
| Transfer of shares to demat accounts | 8 August 2023 |
| IPO Listing Date | 9 August 2023 |
| Opening Price on NSE SME | INR 147 per share (up 42.72%) |
| Closing Price on NSE SME | INR 154.35 per share (up 49.85%) |
Zeal Global Services Offer Lead Manager
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone:Â +91 011 4509 8234
Email:Â [email protected]
Website:Â www.expertglobal.in
Zeal Global Services Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072, Maharashtra
Phone:Â +91 22 2851 1022
Email:Â [email protected]
Website:Â www.skylinerta.com
Zeal Global Services 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: [email protected]
Website: www.zeal-global.com
IPO FAQs
What is the Zeal Global Services IPO offer size?
Zeal Global Services offer size is INR 36.46 crores.
What is the Zeal Global Services offer price band?
Zeal Global Services public offer price is INR 103 per share.
What is the lot size of Zeal Global Services public offer?
Zeal Global Services offer lot size is 1,200 shares.
What is Zeal Global Services IPO GMP today?
Zeal Global Services IPO GMP today is INR NA per share.
What is the Zeal Global Services kostak rate today?
Zeal Global Services kostak rate today is INR NA per application.
What is Zeal Global Services Subject to Sauda rate today?
Zeal Global Services Subject to Sauda rate today is INR NA per application.
