Zeal Global Services Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

28 Jul 2023

Close Date

01 Aug 2023

Allotment

04 Aug 2023

Listing Date

09 Aug 2023

Exchange

NSE SME

Price Band

₹103

Listing Price

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Allotment Status

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Price Band

₹103

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

35,40,000 shares (aggregating up to ₹36.46 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹123,600

1 lot

Pre-IPO Holding

97,69,750 shares

Promoters

Post-IPO Holding

1,33,09,750 shares

Promoters

P/E (Pre)

13.83x

EPS (Pre)

₹8.46

UPI Deadline

2023-08-01

Mandate

Anchor AllotmentThu, 27 Jul 2023

Basis of AllotmentFri, 04 Aug 2023

Refund InitiationMon, 07 Aug 2023

Demat CreditTue, 08 Aug 2023

Listing DayWed, 09 Aug 2023

UPI Mandate Deadline2023-08-01

Sale TypeFresh Capital

Net Offer to Public33,62,400 shares (aggregating up to ₹34.63 Cr)

Market Maker Quota1,77,600 shares (aggregating up to ₹1.83 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Zeal Global Services Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 01 Aug 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	177,600	—	₹1.83
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,540,000	100%	₹36.46

IPO Shares Offered

Zeal Global Services Ltd IPO total issue size: ₹36.46 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	177,600	₹1.83	5.02%
Total	3,540,000	₹36.46	100.00%

* Based on upper price band ₹103 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹103.00

Upper Band

Min Investment

₹123,600

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹247,200
Retail (Max — 13 Lots)	13	15,600	₹1,606,800
S-HNI (Min — 14 Lots)	14	16,800	₹1,730,400
B-HNI (Min — 68 Lots)	68	81,600	₹8,404,800

* Issue Price ₹103 × Lot Size 1,200 shares

IPO Schedule

Anchor

27 Jul 2023

✓ Done

IPO Open

28 Jul 2023

✓ Done

IPO Close

01 Aug 2023

✓ Done

Allotment

04 Aug 2023

✓ Done

Refunds

07 Aug 2023

✓ Done

Demat Credit

08 Aug 2023

✓ Done

Listing Day

09 Aug 2023

✓ Done

₹103.00

INR · NSE

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Issue ₹103.00 Live Price

About Zeal Global Services Ltd

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:Cargo Carrier ServicePassenger Carrier ServiceGiven 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:SalesMarketingAdministrationOperations

Objects of the Issue

Working capital requirement;

Investments in subsidiaries for business expansion;

Part repayment of debt

General corporate purposes;

Zeal Global Services Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹6,094.9

31-Mar-21

₹12,127.8

31-Mar-22

₹9,505.4

31-Jan-23

Profit After Tax (PAT)

₹169.6

31-Mar-21

₹524.3

31-Mar-22

₹826.7

31-Jan-23

Particulars	31-Jan-23	31-Mar-22	31-Mar-21
Revenue from Operations	9505.38	12127.77	6094.93
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	826.65	524.30	169.61
Net Worth	2115.61	1277.22	603.09
Total Assets	4969.26	3194.82	1893.07
Reserves & Surplus	1920.21	1081.82	543.09
Borrowings	1243.92	194.32	171.41
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

39.07%

RoCE

0.56

RoNW

48.73%

Debt/Equity

0.59

Issue Structure & Shareholding

Total Shares Offered35,40,000 (100.00%)

Net Offer to Public33,62,400 shares (aggregating up to ₹34.63 Cr)

Reserved for Market Maker1,77,600 shares (aggregating up to ₹1.83 Cr)

Pre-Issue Promoter Holding97,69,750 shares

Post-Issue Promoter Holding1,33,09,750 shares

P/BV RatioN/A

RoE39.07%

RoCE0.56

Debt / Equity0.59

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

ipo@skylinerta.com

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

Check Allotment

Book Running Lead Managers

Expert Global Consultants Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Zeal Global Services Ltd IPO subscribed? ▲

Zeal Global Services Ltd IPO is subscribed 1.00 times by Aug 01, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Zeal Global Services Ltd IPO retail subscription status? ▼

The Zeal Global Services Ltd IPO retail category is subscribed 1.00 times as of 01 Aug 2023. The retail portion is oversubscribed.

How to subscribe Zeal Global Services Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 28 Jul 2023 and closes 01 Aug 2023. Min investment: ₹123,600 (1 lot = 1,200 shares). UPI mandate: 2023-08-01.

How many times Zeal Global Services Ltd IPO subscribed? ▼

The Zeal Global Services Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Zeal Global Services Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 04 Aug 2023. Refunds: on 07 Aug 2023.

When Zeal Global Services Ltd IPO will be listed? ▼

The Zeal Global Services Ltd IPO listing date is 09 Aug 2023, Wednesday. Listed on: NSE SME. Issue price: ₹103. Estimated listing: ₹103. GMP: NIL.

When Zeal Global Services Ltd IPO close? ▼

The Zeal Global Services Ltd IPO closes on 01 Aug 2023, Tuesday. UPI mandate: 2023-08-01. Allotment: 04 Aug 2023. Listing: 09 Aug 2023.

Quick Actions

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Live Price LIVE

Last Price₹103.00

Change—

Issue Price₹103.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹103

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹123,600

GMPNIL

Est. Listing₹103

Subscribed1.00x

Open Date28 Jul 2023

Close Date01 Aug 2023

Allotment04 Aug 2023

Listing Date09 Aug 2023

ExchangeNSE SME

UPI Deadline2023-08-01