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Zeal Global Services IPO is a fixed price issue of Rs 36.46 crores. The issue is entirely a fresh issue of 35.4 lakh shares.
Zeal Global Services IPO bidding started from July 28, 2023 and ended on August 1, 2023. The allotment for Zeal Global Services IPO was finalized on Friday, August 4, 2023. The shares got listed on NSE SME on August 9, 2023.
Zeal Global Services IPO price is ₹103 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹123,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹247,200.
Expert Global Consultants Private Limited is the book running lead manager of the Zeal Global Services IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Zeal Global Services IPO is Rikhav Securities.
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 |
| Price | ₹103 per share |
| Lot Size | 1200 Shares |
| Total 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 |
| Market Maker portion | 177,600 shares Rikhav Securities |
Zeal Global Services IPO offers 3,540,000 shares. 1,680,000 (47.46%) to NII, 1,682,400 (47.53%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 177,600 (5.02%) |
| Other Shares Offered | 1,680,000 (47.46%) |
| Retail Shares Offered | 1,682,400 (47.53%) |
| Total Shares Offered | 3,540,000 (100%) |
Zeal Global Services IPO opens on July 28, 2023, and closes on August 1, 2023.
| IPO Open Date | Friday, July 28, 2023 |
| IPO Close Date | Tuesday, August 1, 2023 |
| Basis of Allotment | Friday, August 4, 2023 |
| Initiation of Refunds | Monday, August 7, 2023 |
| Credit of Shares to Demat | Tuesday, August 8, 2023 |
| Listing Date | Wednesday, August 9, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2023 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹123,600 |
| Retail (Max) | 1 | 1200 | ₹123,600 |
| HNI (Min) | 2 | 2,400 | ₹247,200 |
| Lot Size Calculator | |||
Mr. Nipun Anand and Mr. Vishal Sharma are the Promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.40% |
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 Rs 137.09 Cr.
| KPI | Values |
|---|---|
| ROE | 39.07% |
| ROCE | 0.56 |
| Debt/Equity | 0.59 |
| RoNW | 48.73% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.46 | |
| P/E (x) | 13.83 |
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...
The Zeal Global Services IPO is subscribed 4.06 times on August 1, 2023 7:29:00 PM. 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) |
|---|---|
| Other | 4.26 |
| Retail | 3.85 |
| Total | 4.06 |
Total Application : 5,391 (3.85 times)
| Listing Date | August 9, 2023 |
| BSE Script Code | |
| NSE Symbol | ZEAL |
| ISIN | INE0PPS01018 |
| Final Issue Price | ₹103 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹103.00 |
| ₹170.15 |
| ₹170.15 |
| ₹170.15 |
| ₹170.15 |
Zeal Global Services Limited
A - 261/262, Third Floor,
Street No. 6, Mahipalpur Extension,
New Delhi - 110037
Phone: +91 11 4144 4063
Email: cs@zeal-global.com
Website: https://www.zeal-global.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Zeal Global Services IPO is a SME IPO of 3,540,000 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 Shares.
The IPO opens on July 28, 2023, and closes on August 1, 2023.
Skyline Financial Services Private 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 Shares, and the minimum amount required is ₹123,600.
You can apply in Zeal Global Services IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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congrats to all the allottees..