Fixed Price IPO | ₹36 Cr | Listed at NSE SME | Fri, Jul 28, 2023 - Tue, Aug 1, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Jul 28, 2023
IPO Close
Tue, Aug 1, 2023
Issue Price
₹103 per share
Market Cap (Pre-IPO)
₹137.09 Cr
| IPO Date | 28 Jul to 1 Aug, 2023 |
| Listed on | Wed, Aug 9, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹103 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 35,40,000 shares (agg. up to ₹36 Cr) |
| Reserved for Market Maker | 1,77,600 shares Rikhav Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 33,62,400 shares (agg. up to ₹35 Cr) |
| Net Offered to Public | 33,62,400 shares (agg. up to ₹35 Cr) |
| Share Holding Pre Issue | 97,69,750 shares |
| Share Holding Post Issue | 1,33,09,750 shares |
| NSE Symbol | ZEAL |
| ISIN | INE0PPS01018 |
Zeal Global Services IPO comprises a total issue size of 35,40,000 shares. The net offer to the public is 33,62,400 shares, after excluding 1,77,600 shares allotted on a firm basis. Of the Net offer 16,80,000 (49.96%) allocated to NII 16,82,400 (50.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,80,000 | 49.96% | 47.46% |
| Retail Shares Offered | 16,82,400 | 50.04% | 47.53% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,77,600 | 5.02% | |
| Total Shares Offered | 35,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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 | 31 Jan 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 49.69 | 31.95 | 18.93 | 22.03 |
| Total Income | 95.05 | 121.28 | 60.95 | 76.71 |
| Profit After Tax | 8.27 | 5.24 | 1.70 | 1.34 |
| NET Worth | 21.16 | 12.77 | 6.03 | 4.36 |
| Reserves and Surplus | 19.20 | 10.82 | 5.43 | 3.76 |
| Total Borrowing | 12.44 | 1.94 | 1.71 | 2.58 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirement; | 12.00 |
| 2 | Investments in subsidiaries for business expansion; | 10.00 |
| 3 | Part repayment of debt | 4.32 |
| 4 | General corporate purposes; | 7.12 |
| KPI | Jan 31, 2023 | Mar 31, 2022 |
|---|---|---|
| ROE | 39.07 | 41.05 |
| ROCE | 56 | 58 |
| Debt/Equity | 0.59 | 0.15 |
| RoNW | 39.63 | 56.56 |
| PAT Margin | 4.33% | |
| Price to Book Value | 4.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.46 | |
| P/E (x) | 13.83 | |
| Promoter Holding | 100.00% | 73.40% |
| Market Cap | ₹137.09 Cr. |
The Zeal Global Services IPO is subscribed 4.06 times on August 1, 2023 7:29:00 PM (Day 3). The public issue subscribed 3.85 times in the retail category, [.] times in the QIB category, and 4.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 4.26 | 16,80,000 | 71,61,600 |
| Retail | 3.85 | 16,82,400 | 64,69,200 |
| Total | 4.06 | 33,62,400 | 1,36,45,200 |
Total Application : 5,391
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs | 2.02 |
| 2 | Issue relating expenses such as fees to Lead manager Fixed Fee, Registrar to the Issue Legal Advisors, Auditors, Consultants, Paper Advertisements and other expenses incurred/ to be incurred including promotional expenses. | 0.90 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees and other regulatory expenses. | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹103.00 |
| Open | ₹147.00 |
| Low | ₹142.50 |
| High | ₹154.35 |
| Last Trade | ₹154.35 |
Lead Manager Reports
Zeal Global Services IPO is a SME IPO of 35,40,000 equity shares of the face value of ₹10 aggregating up to ₹36 Crores. The issue is priced at ₹103 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Jul 28, 2023, and closes on Tue, Aug 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 Fri, Jul 28, 2023 and closes on Tue, Aug 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 Tue, Aug 8, 2023. Check the Zeal Global Services IPO allotment status.
The Zeal Global Services IPO listing date is on Wed, Aug 9, 2023.
