Zeal Global Services is headquartered in Delhi and has a presence in major locations such as Delhi and Mumbai. Their international logistics operations are supported by a network of service partners and vendors with whom they enter into agreements that enables us to service client requirements across India and abroad.
Zeal Global Services is engaged in the business of providing logistics solutions in the Air Cargo Industry. They have been operating as General Sales and Service Agents (GSSA) and sales partners for airlines in the region. The Company realizes that clients have specific requirements about their shipments. They, therefore, spend considerable time with clients individually to understand their specific requirements. Our approach is to bring economical solutions to our client’s freighting needs through – excessive aircraft, load, and destination compatibility analysis to suit the ever-changing needs of various industries such as fashion, pharmaceuticals, automotive, and industrials.
The company’s commitment towards work has helped us attain the immense confidence and trust of our clients. We provide services to our clients across countries namely India, China, the Middle East, Sri Lanka, Singapore, and Malaysia.
Objects of the Issue:
- Working capital requirement;
- Investments in subsidiaries for business expansion;
- Part repayment of debt;
- General corporate purposes
- To meet issue expenses
Zeal Global Services IPO Review
- May Apply
Zeal Global Services IPO Date & Price Band Details
| IPO Open: | July 28, 2023 |
| IPO Close: | August 1, 2023 |
| IPO Size: | Approx ₹36.46 Crores, 3,540,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹103 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Zeal Global Services IPO Market Lot
The Zeal Global Services IPO minimum market lot is 1200 shares with a ₹123,600 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹123,600 |
| Retail Maximum | 1 | 1200 | ₹123,600 |
| S-HNI Minimum | 2 | 2400 | ₹247,200 |
Zeal Global Services IPO Dates
The Zeal Global Services IPO date is July 28 and the IPO close date is August 1. The IPO allotment date is August 4 and the IPO might list on August 9.
| IPO Open Date: | July 28, 2023 |
| IPO Close Date: | August 1, 2023 |
| Basis of Allotment: | August 4, 2023 |
| Refunds: | August 7, 2023 |
| Credit to Demat Account: | August 8 2023 |
| IPO Listing Date: | August 9, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Zeal Global Services IPO Form
How to apply Zeal Global Services IPO? You can apply Zeal Global Services IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Zeal Global Services IPO in the Invest section. The other option you can apply Zeal Global Services IPO via IPO forms download via the NSE website. Check out the Zeal Global Services forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Zeal Global Services Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹76.71 | ₹74.91 | ₹1.26 |
| 2021 | ₹60.95 | ₹58.66 | ₹1.88 |
| 2022 | ₹121.28 | ₹114.16 | ₹7.22 |
| 2023 10M | ₹95.05 | ₹83.86 | ₹8.38 |
Zeal Global Services IPO Valuation – FY2023 (January)
Check Zeal Global Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹6.97 per Equity Share |
| Price/Earning P/E Ratio: | 12.18 |
| Return on Net Worth (RoNW): | 56.56% |
| Net Asset Value (NAV): | ₹21.65 per Equity Share |
Peer Group
- Hercules Aviation Private Limited
- Planit Travglobal Private Limited
- Zeal Global Services Limited
Company Promoters
- Mr. Nipun Anand
- Mr. Vishal Sharma
Zeal Global Services IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/
Zeal Global Services IPO Allotment Status
Check Zeal Global Services IPO allotment status on Skyline Financial website URL. Click Here
Zeal Global Services IPO Lead Managers aka Merchant Bankers
- Expert Global Consultants Private Limited
Company Address
Zeal Global Services Limited
A – 261/262, Third Floor,
Street No. 6, Mahipalpur Extension,
New Delhi – 110037
Phone: +91 11 4144 4063
Email: [email protected]
Website: https://www.zeal-global.com/
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