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Zeal Global Services Limited
Issue Size (Net)
up to Rs. 36.46 Cr
Price Band
Rs. 103 per share
Issue Opens
28-July-23
Issue Closes
01-Aug-23

Company Highlights

1.Company Information

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:1.Cargo Carrier Service 2. Passenger Carrier Service 3. 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: 1.Sales 2. Marketing 3. Administration 4. Operations

2. Objective of the Issue
The company intends to utilize the proceeds of the issue to meet the following objects:

1. Working capital requirement

2. Investments in subsidiaries for business expansion

3. Part repayment of debt

4. General corporate purposes

5. To meet issue expenses

3.Zeal Global Services IPO Registrar/h5>
Skyline Financial Services Private Ltd

Phone: 02228511022

Email: ipo@skylinerta.com

Website: https://www.skylinerta.com/ipo.php

Zeal Global Services Limited Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-20
2203.03
7671.09
133.6
435.76
375.76
258
31-Mar-21
1893.07
6094.93
169.61
603.09
543.09
171.41
31-Mar-22
3194.82
12127.77
524.3
1277.22
1081.82
194.32
31-jan-23
4969.26
9505.38
826.65
2115.61
1920.21
1243.92
Amount in Rs. Lakhs

Zeal Global Services IPO Details

Issue Opening Date
Jul 28, 2023
Issue Closing Date
Aug 1, 2023
Listing Date
Wednesday, 9 August 2023
Face Value
Rs. 10 per share
Price
Rs. 103 per share
Lot Size
1200 Shares
Issue Size
3,540,000 shares(aggregating up to Rs. 36.46 Cr)
Fresh Issue
3,540,000 shares (aggregating up to Rs. 36.46 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
NSE SME

Zeal Global Services IPO Timetable (Tentative)

Event
Tentative Date
Opening Date
Friday, 28 July 2023
Closing Date
Tuesday, 1 August 2023
Basis of Allotment
Friday, 4 August 2023
Initiation of Refunds
Monday, 7 August 2023
Credit of Shares to Demat
Tuesday, 8 August 2023
Listing Date
Wednesday, 9 August 2023
Cut-off time for UPI mandate confirmation
5 PM on Aug 1, 2023

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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