Zeal Global Services IPO Details ( Zeal Global Services Limited IPO Review )
(28 Jul 2023 – 01 Aug 2023)
Established in 2014, Zeal Global Services Limited is a logistics solutions provider in the Air Cargo Industry. Headquartered in Delhi, the company extends its services to other cities as well. Zeal Global operates as a General Sales and Service Agent (GSSA) and serves as a sales partner for airlines in the region.
The company’s offerings are divided into two main verticals:
- Cargo Carrier Service
- Passenger Carrier Service
Zeal Global Services Limited specializes in tailoring cost-effective freight solutions to meet the specific needs of its clients across various industries, including fashion, pharmaceuticals, automotive, and industrials.
Additionally, Zeal Global provides support services to its customers, encompassing:
- Sales
- Marketing
- Administration
- Operations
Zeal Global Services Limited IPO Competitive Strength
- Scalable Business Model
- Long standing Customer Relationships
- Experienced Promoter
- Efficient team and market leadership
- Handling of specialised cargo
- Cost Effectiveness
- Leveraging our knowledge and relationship
- Attract and retain good talent
- Business Collaboration Opportunities
- Plant & Machinery
- Raw Material
Zeal Global Services IPO Financials Performance ( Results )
Zeal Global Services Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-20 | 2,203.03 | 7,671.09 | 133.60 | 1.78 | 435.76 | 375.76 | 258.00 |
| 31-Mar-21 | 1,893.07 | 6,094.93 | 169.61 | 2.26 | 603.09 | 543.09 | 171.41 |
| 31-Mar-22 | 3,194.82 | 12,127.77 | 524.30 | 6.97 | 1,277.22 | 1,081.82 | 194.32 |
| 31-Jan-23 | 4,969.26 | 9,505.38 | 826.65 | 8.46 | 2,115.61 | 1,920.21 | 1,243.92 |
Objective of IPO 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 Basic Details
| IPO Date | Jul 28, 2023 to Aug 01, 2023 |
| Listing Date | Wednesday, August 09, 2023 |
| Face Value | ₹10 per share |
| Price | ₹103 per share |
| Lot Size | 1200 Shares |
| Issue Size | 3,540,000 shares (aggregating up to ₹36.46 Cr) |
| Fresh Issue | 3,540,000 shares (aggregating up to ₹36.46 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,769,750 |
| Share holding post issue | 13,309,750 |
| Company Promoters | Mr. Nipun Anand And Mr. Vishal Sharma |
Zeal Global IPO Reservation
| Market Maker Shares Offered | 5.02% of the Net Issue |
| Other Shares Offered | 47.53% of the Net Issue |
| Retail Shares Offered | 47.53% of the Net Issue |
| Total Shares Offered | 100% of the Net Issue |
Zeal Global IPO Timetable
Zeal Global IPO will open on July 28, 2023 and close on August 01, 2023. You can join Zeal Global Services IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 28 July 2023 (Friday) |
| Closing Date | 01 August 2023 (Tuesday) |
| Basis of Allotment | 04 August 2023 (Friday) |
| Initiation of Refunds | 07 August 2023 (Monday) |
| Credit of Shares to Demat | 08 August 2023 (Tuesday) |
| Listing Date | 09 August 2023 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 01 August 2023 |
Zeal Global Services IPO Lot Size
For retail investors in Zeal Global Services IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹123,600. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹123,600.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹123,600 |
| Retail (Max) | 1 | 1200 | ₹123,600 |
| S-HNI (Min) | 2 | 2400 | ₹247,200 |
Zeal Global Services IPO Promoter Holding
The company’s promoters include Mr. Nipun Anand And Mr. Vishal Sharma.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.40% |
Zeal Global Services Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 137.09 |
| Earning Per Share (EPS) | ₹8.46 per Equity Share |
| Net Asset Value (NAV) | ₹21.65 per Equity Share |
| P/E Ratio (P/E) (x) | 13.83 |
| Return on Net Worth (RoNW) (%) | 48.73 |
| Return on equity (ROE) (%) | 39.07 |
| Return on Capital Employed (ROCE) (%) | 41.05 |
| Debt/Equity Ratio | 0.59 |
Zeal Global Services Ltd Peer Comparison
There are no listed companies in India that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company
Zeal Global Services IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 7 August 2023 | ₹1 | – | – |
| 6 August 2023 | ₹1 | – | – |
| 5 August 2023 | ₹0 | – | – |
| 4 August 2023 | ₹0 | – | – |
| 3 August 2023 | ₹0 | – | – |
| 2 August 2023 | ₹10 | – | – |
| 1 August 2023 | ₹10 | – | – |
| 31 July 2023 | ₹10 | – | – |
| 30 July 2023 | ₹10 | – | – |
| 29 July 2023 | ₹10 | – | – |
| 28 July 2023 | ₹0 | – | – |
| 27 July 2023 | ₹0 | – | – |
| 26 July 2023 | ₹0 | – | – |
Zeal Global Services IPO Detail Video:
Zeal Global Services IPO Subscription Status (Bidding Detail)
The Zeal Global Services IPO on August 1, 2023 at 7:30:00 PM was subscribed 4.06 times, with the retail category being subscribed 3.85 times, the other category being subscribed 4.26 times.
| Category | Subscription |
| Other | 4.26x |
| Retail | 3.85x |
| Total | 4.06x |
Zeal Global Services IPO Prospectus
| Zeal Global Services IPO DRHP | Download |
| Zeal Global Services IPO RHP | Download |
| Zeal Global Services IPO Anchor Investors Details PDF | Download |
Zeal Global Services IPO Rating
| Our Rating | 2.0/5.0 |
Zeal Global Services Company Contact Information
Zeal Global Services Limited
Registered Office: A – 261/262, Third Floor, Street No. 6,
Mahipalpur Extension, New Delhi – 110037
Telephone No: +91 11 4144 4063
Fax: +91 11 4144 4063
Website: www.zeal-global.com
E-mail ID: cs@zeal-global.com
Contact Person: Ms. Monal Gupta, Company Secretary and Compliance officer
Corporate Identification Number: U74950DL2014PLC264849
Zeal Global Services IPO Registrar
Skyline Financial Services Private Limited
Registered Office: A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072,
Maharashtra, India
Telephone: +91 22 2851 1022
Facsimile: +91 22 2851 1022
Email: ipo@skylinerta.com
Investor Grievance Email: grievances@skylinerta.com
Contact Person: Mr. Anuj Rana
Website: https://www.skylinerta.com/
SEBI Registration Number: INR000003241
CIN: U74899DL1995PTC071324
Zeal Global Services IPO Lead Manager
Expert Global Consultants Private Limited
Registered Office: 1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110034, India
Telephone: +91 11 4509 8234
Email: ipo@expertglobal.in
Website: www.expertglobal.in
Investor Grievance Email: compliance@expertglobal.in
Contact Person: Mr. Gaurav Jain
SEBI registration number: INM000012874
CIN: U74110DL2010PTC205995
Zeal Global Services IPO FAQs
What is the lot size of Zeal Global Services IPO?
The total size of Zeal Global Services IPO is ₹36.46 crores and this is a complete fresh Issue.
When will Zeal Global Services IPO start?
Zeal Global Services IPO will open from 28 July 2023 and IPO will close on 01 August 2023.
What is the open date of Zeal Global Services IPO?
Zeal Global Services IPO will open date from 28 July 2023.
What is the last date ( close date ) of Zeal Global Services IPO?
Zeal Global Services IPO will close from 01 August 2023.
What is the price band of Zeal Global Services IPO?
Zeal Global Services IPO price band is ₹103.
What is the minimum amount required to apply for Zeal Global Services IPO?
The minimum investment for retailers to apply for Zeal Global Services IPO is ₹123,600 and the maximum investment is ₹123,600.
What is going on gray market premium of Zeal Global Services IPO?
View gray market premium of Zeal Global Services IPO by Clicking Here
How much is the GMP of Zeal Global Services IPO?
Watch Zeal Global Services IPO GMP Today: Click Here
What is the allotment date of Zeal Global Services IPO?
The allotment date of Zeal Global Services IPO is 04 Aug 2023.
How to check allotment status in Zeal Global Services IPO?
To check the allotment status of Zeal Global Services IPO, first of all go to the registrar website by clicking here, select your bad Zeal Global Services IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Zeal Global Services IPO?
The listing date of Zeal Global Services IPO is 07 Aug 2023.
How much will be the listing gain in Zeal Global Services IPO?
View listing gain of Zeal Global Services IPO by Clicking Here
How much time Zeal Global Services IPO is subscribed?
Total 4.06 times subscribed in Zeal Global Services IPO out of which 3.85 times subscription was done in retail quota, 4.26 times subscription in other quota.
How to apply for Zeal Global Services IPO from Upstox?
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How to apply for Zeal Global Services IPO from Zerodha?
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How to apply for Zeal Global Services IPO from Angle One?
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