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SME IPO Status: Listed [28th Jul 2023 to 1st Aug 2023]
Zeal Global Services Limited is launching an SME IPO on the NSE whose issue size is equity 3,540,000 shares worth of Rs 36.46 Cr. You can apply in this IPO application from the subscription period of 28 July to 01 Aug 2023. The face value of the shares is Rs 10 per share. And the offer price for this SME IPO is fixed at Rs 103 per share along with the minimum lot size of 1200 shares or it’s multiple.
Stay tuned for more information on Zeal Global Services Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 28th Jul 2023 |
| SME IPO Issue Closing Date: | 1st Aug 2023 |
| SME IPO Issue Price: | ₹103.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹36.46 Cr |
| Fresh Issue: | ₹36.46 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.40% |
| Allotment Status: | Allotment Status |
| NSE Code: | ZEAL |
Get important updates regarding Zeal Global Services SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 4th Aug 2023 |
| Refunds Initiation* | 7th Aug 2023 |
| Credit of Shares to Demat* | 8th Aug 2023 |
| SME IPO Listing Date* | 9th Aug 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹103.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹123600 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 09-08-2023 | 103.00 | 1 | 900 | ₹104 (0.97%) | 9-Aug-2023 10:30 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Zeal Global Services Limited was established in February 2014. The company provides logistics solutions for the air cargo industry. It operates as a General Sales and Service Agent (“GSSA”) and distributor for airlines in the region. The company understands that customers have specific requirements for their shipments. Therefore, the company takes a lot of time to consult with its customers individually to understand their specific requirements. Their approach is to find economical solutions to their customers' freight needs by analyzing aircraft, cargo and destination compatibility to meet the ever-changing needs of various industries such as fashion, pharmaceuticals, automotive and industrial.
Zeal Global continues to invest in IT and digitization, and continues to expand its network to provide a cost-effective solution to airlines in a variety of specialty cargo sectors. Any airline, large or small, in any region of the world can take advantage of the company’s comprehensive service offering and find a customized solution for their specific needs. Above all, the company prides itself on providing outstanding service to airlines and IATA agents, i.e. freight forwarding customers, alike.
The company has two business divisions:
| Incorporation | Sector | IPO Issue Size | Website |
| 2014 | Logistics Sector | ₹36.46 Cr | https://www.zeal-global.com/ |
The company intends to utilize the proceeds of the Issue to meet the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,680,000 (49.96%) | 1,682,400 (50.04%) | 3,362,400 | |
| 1 | 28th Jul 2023 19:31 | 0.94x | 0.39x | 0.67x |
| 2 | 31st Jul 2023 19:31 | 1.31x | 1.44x | 1.37x |
| 3 | 1st Aug 2023 19:31 | 4.26x | 3.85x | 4.06x |
| 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 table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Zeal Global Services Limited | 6.97 | |||||
| Hercules Aviation Private Limited | 72.62 | |||||
| Planit Travglobal Private Limited | 469.43 |
Last Updated on 13-Aug-2023 06:00:21
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Zeal Global Services SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Zeal Global Services SME IPO with Zerodha.
Alternate approch to apply in Zeal Global Services SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Zeal Global Services SME IPO Review and Important Updates
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To subscribe or apply in Zeal Global Services SME IPO, you can use the following methods:
| Zeal Global Services SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Zeal Global Services SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Zeal Global Services SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Zeal Global Services SME IPO. Most of the Syndicate Banks provide access to apply in Zeal Global Services IPO via ASBA process. You must have your net banking access, DP ID information to apply in Zeal Global Services SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Zeal Global Services SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Zeal Global Services SME IPO Review and Important Updates
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Zeal Global Services SME IPO is going to be list on 09-08-2023. NSE Code for Zeal Global Services is ZEAL.
Other relevant questions:
When Zeal Global Services SME IPO will be listing? Zeal Global Services SME IPO NSE listing date?Zeal Global Services SME IPO date of listing
Zeal Global Services SME IPO Allotment Date is 04-08-2023.
Other relevant questions:
Zeal Global Services SME IPO share allotment date?Zeal Global Services SME IPO allotment date?
