Zeal Global Services Limited IPO : Key Info.

Zeal Global Services Limited IPO is set to launch on 28 July 2023. The company initiated its business operations in the year 2014. The company does business in the field of logistics through Air Cargo Industry. The company’s headquarters are located in Delhi. It is a general sales and service agent and a sales partner for airlines. 

Its business is divided into 2 parts namely Cargo Carrier Service and Passenger Carrier Service. Its services are offered to various industries like Automotive, Fashion, Industrials and pharmaceuticals. 

Zeal Global Services Limited IPO DETAILS

Zeal Global Services Limited IPO is set to launch on 28 July, 2023. The subscription timeline extends till 1 August, 2023. The size for the IPO is 36.46 Crore Rs. Shares issued through fresh issue mode are worth 36.46 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 103 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Skyline Financial Services Private Limited.

Tabular Description of Zeal Global Services Limited IPO

IPO OPENING DATE	28 July, 2023
CLOSING DATE FOR IPO	1 August, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	103 Rs per share
LOT SIZE	1200 shares
MINIMUM ORDER QUANTITY	1200 shares
ISSUE SIZE	36.46 Crore Rs.
OFFER FOR SALE	No share offered through Offer for sale mode
FRESH ISSUE	36.46 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	9 August, 2023

Zeal Global Services Limited IPO : IMPORTANT DATES

IPO OPENING DATE	28 July, 2023
CLOSING DATE FOR IPO	1 August, 2023
IPO ALLOTMENT DATE	4 August, 2023
REFUNDS	7 August, 2023
DEMAT A/C CREDITED ON	8 August, 2023
IPO LISTING DATE	9 August, 2023

Zeal Global Services Limited IPO begins for subscription from 28 July 2023. The IPO subscription would continue till 1 August, 2023. The allotment status for the shareholders who applied would come on 4 August, 2023. The refunds for the ones who did not get allotment would be initiated on 7 August, 2023. The DEMAT accounts of shareholders would be credited on 8 August, 2023. The listing of the company would be completed on 9 August, 2023.

Zeal Global Services Limited IPO : Lead Managers

The lead managers are :

• Expert Global Consultants Private Limited

The minimum lot size for the company is decided at 1200 shares. This holding accounts to 123600 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 247200 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1200 shares	123600 Rs.
Maximum	2400 shares	247200 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	2203	1893	3194
Revenue	7671	6094	12127
PAT	133	169	524

Zeal Global Services Limited had an asset base of 2203 Lakh Rs in 2020 which decreased in the year 2021 to 1893 Lakh Rs. The assets in the year 2022 were valued at 3194 Lakh Rs. The company had a revenue stream of 7671 Lakh Rs in 2020 which decreased to 6094 Lakh Rs in 2021. Thus the year 2021 has been a tough year for the firm where the business has shrunk down and this a COVID effect. The revenue then boosted to 12127 Lakh Rs in 2022 which is almost double the revenue in 2021. The profit of the firm was 133 Lakh Rs in 2020 which increased to 169 Lakh Rs in 2021. However the profit of the year 2022 boosted to a mighty 524 Lakh Rs.

PROS

• It is a general sales and service agent and a sales partner for airlines.
• Its business is divided into 2 parts namely Cargo Carrier Service and Passenger Carrier Service.
• The company’s services are offered to various industries like Automotive, Fashion, Industrials and pharmaceuticals.

CONS

• The company works in a highly competitive segment.

Zeal Global Services Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Zeal Global Services Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.