The Zeal Global Services IPO started on July 28, 2023, and ended on August 01, 2023. Shares were allocated on August 04, 2023, and refund processes began on August 07, 2023. On August 08, 2023, the shares were credited to investors demat accounts. Zeal Global Services was officially listed on the stock exchange on August 09, 2023.
During the IPO, Zeal Global Services offered shares at a price range of ₹103 per share, and the lot size was 1200 shares. The total issue size was ₹36.46 crores, with ₹36.46 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 47.53% of the shares were allocated to other, 5.02% were reserved for market maker, and 47.53% were set aside for retail investors.
Zeal Global Services Limited IPO Subscription Update Video
Zeal Global Services IPO Subscription Status
The Zeal Global Services IPO on August 1, 2023 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 Basic Details
| Company Name | Zeal Global Services Limited |
| Domain of Company | Logistics Solutions (Air Cargo Industry) |
| IPO Open Date | July 28, 2023 |
| IPO Close Date | August 01, 2023 |
| IPO Allotment Date | August 04, 2023 |
| IPO Listing Date | 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 |
| Company Promoters | Mr. Nipun Anand And Mr. Vishal Sharma |
About Zeal Global Services Limited
Established in 2014, Zeal Global Services Limited specializes in providing logistics solutions within the Air Cargo Industry. Based 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 can be broadly categorized into two verticals:
- Cargo Carrier Service
- Passenger Carrier Service
Zeal Global Services Limited takes pride in tailoring cost-effective freight solutions to meet the specific requirements of its clients, serving industries such as fashion, pharmaceuticals, automotive, and industrials.
Moreover, Zeal Global also offers additional support services to its customers, including:
- Sales
- Marketing
- Administration
- Operations
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Zeal Global Services IPO FAQs
What is the start and end date of Zeal Global Services IPO Subscription?
The Zeal Global Services IPO started on July 28, 2023, and ended on August 01, 2023.
When does Zeal Global Services IPO Subscription open?
The Zeal Global Services IPO open on July 28, 2023.
When does Zeal Global Services IPO Subscription close?
The Zeal Global Services IPO Close on August 01, 2023.
What is the allotment date of Zeal Global Services IPO?
The allotment date for Zeal Global Services IPO is August 04, 2023.
When is the initial refund date of Zeal Global Services IPO?
The initial Refund date for Zeal Global Services IPO is August 07, 2023.
When were the shares credited to investors demat accounts for the Zeal Global Services IPO?
The shares for the Zeal Global Services IPO were credited to investors demat accounts on August 08, 2023.
When will Zeal Global Services IPO be listed on the stock market?
Zeal Global Services IPO stock market will be listed on August 09, 2023 at 10 am.
What was the price range of the Zeal Global Services IPO shares?
The Zeal Global Services IPO shares were offered at a price range of ₹103 per share.
What was the lot size for the Zeal Global Services IPO shares?
The lot size for the Zeal Global Services IPO shares was 1200 shares.
What was the total issue size of the Zeal Global Services IPO?
The total issue size of the Zeal Global Services IPO was ₹36.46 crores.
How were the shares allocated among different types of investors for the Zeal Global Services IPO?
47.53% of the shares were allocated to other, 5.02% were reserved for market mover, and 47.53% were set aside for retail investors.
On which stock exchanges was the Zeal Global Services IPO listed?
The Zeal Global Services IPO was listed on the NSE SME.
What is the Zeal Global Services IPO Subscription Status?
Zeal Global Services IPO is subscribed 4.06 Times.
