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Zeal Global Services IPO is a fixed price issue of ₹36.46 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹36.46 crore.
Zeal Global Services IPO bidding started from Jul 28, 2023 and ended on Aug 1, 2023. The allotment for Zeal Global Services IPO was finalized on Aug 4, 2023. The shares got listed on NSE SME on Aug 9, 2023.
Zeal Global Services IPO price is ₹103.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,23,600 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,47,200.
Expert Global Consultants Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Zeal Global Services IPO RHP for detailed Information.
| IPO Date | July 28, 2023 to August 1, 2023 |
| Listing Date | August 9, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹103 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 35,40,000 shares (aggregating up to ₹36.46 Cr) |
| Reserved for Market Maker | 1,77,600 shares Rikhav Securities Ltd. (aggregating up to ₹1.83 Cr) |
| Net Offered to Public | 33,62,400 shares (aggregating up to ₹34.63 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 97,69,750 shares |
| Share Holding Post Issue | 1,33,09,750 shares |
Zeal Global Services IPO offers total 35,40,000 shares. Out of which 16,80,000 (47.46%) allocated to NII, 16,82,400 (47.53%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,77,600 (5.02%) |
| NII (HNI) Shares Offered | 16,80,000 (47.46%) |
| Retail Shares Offered | 16,82,400 (47.53%) |
| Total Shares Offered | 35,40,000 (100.00%) |
Zeal Global Services IPO opens on July 28, 2023, and closes on August 1, 2023.
| IPO Open Date | Fri, Jul 28, 2023 |
| IPO Close Date | Tue, Aug 1, 2023 |
| Tentative Allotment | Fri, Aug 4, 2023 |
| Initiation of Refunds | Mon, Aug 7, 2023 |
| Credit of Shares to Demat | Tue, Aug 8, 2023 |
| Tentative Listing Date | Wed, Aug 9, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 1, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,23,600 |
| Retail (Max) | 1 | 1,200 | ₹1,23,600 |
| HNI (Min) | 2 | 2,400 | ₹2,47,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2014, 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:
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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,203.03 | 7,671.09 | 133.60 | 435.76 | 375.76 | 258.00 |
| 31-Mar-21 | 1,893.07 | 6,094.93 | 169.61 | 603.09 | 543.09 | 171.41 |
| 31-Mar-22 | 3,194.82 | 12,127.77 | 524.30 | 1,277.22 | 1,081.82 | 194.32 |
| 31-Jan-23 | 4,969.26 | 9,505.38 | 826.65 | 2,115.61 | 1,920.21 | 1,243.92 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Zeal Global Services IPO is ₹137.09 Cr.
| KPI | Values |
|---|---|
| ROE | 39.07% |
| ROCE | 0.56 |
| Debt/Equity | 0.59 |
| RoNW | 48.73% |
The company intends to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] The company is operating in a competitive segment that has no entry barriers. It has posted window-dressed performances for the last 22 months to pave the way for fancy pricing of the IPO. Based on super earnings of 10M FY23 the issue appears fully priced discounting all near-term positives. The margins posted by the company are non-convincing. Well-informed cash surplus investors may park funds for the long term, while others may avoid it. Read detail review...
| Listing Date | August 9, 2023 |
| BSE Script Code | |
| NSE Symbol | ZEAL |
| ISIN | INE0PPS01018 |
| Final Issue Price | ₹103 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹103.00 |
| Open | ₹170.15 |
| Low | ₹170.15 |
| High | ₹170.15 |
| Last Trade | ₹170.15 |
Zeal Global Services Ltd.
A - 261/262, Third Floor,
Street No. 6,
Mahipalpur Extension,
New Delhi, New Delhi, 110037
Phone: +91 11 4144 4063
Email: cs@zeal-global.com
Website: https://www.zeal-global.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Zeal Global Services IPO is a SME IPO of 35,40,000 equity shares of the face value of ₹10 aggregating up to ₹36.46 Crores. The issue is priced at ₹103 per share. The minimum order quantity is 1200.
The IPO opens on July 28, 2023, and closes on August 1, 2023.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Zeal Global Services IPO using UPI as a payment gateway. Zerodha customers can apply in Zeal Global Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Zeal Global Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Zeal Global Services IPO opens on July 28, 2023 and closes on August 1, 2023.
Zeal Global Services IPO lot size is 1200, and the minimum amount required for application is ₹1,23,600.
You can apply in Zeal Global Services IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Zeal Global Services IPO will be done on Friday, August 4, 2023, and the allotted shares will be credited to your demat account by Tuesday, August 8, 2023. Check the Zeal Global Services IPO allotment status.
The Zeal Global Services IPO listing date is on Wednesday, August 9, 2023.
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