Listing Details
- Listing Exchange NSE SME
- Listing Date 09-Aug-23
- IPO Price Range ₹ 103
- Listing Price ₹ 147
- Listing Change 42.7%
- Last Traded Price ₹ 214.95
- Current Change 108.7%
Zeal Global Services IPO Details
- Open Date 28-Jul-23
- Close Date 01-Aug-23
- Lot Size 1200
- IPO Size ₹ 36.46 Cr
- IPO Price Range ₹ 103
- Min Investment ₹ 123,600
- Listing Exchange NSE SME
- Basis of Allotment 04-Aug-23
- Refunds 07-Aug-23
- Credit to Demat Account 08-Aug-23
- Listing Date 09-Aug-23
Zeal Global Services IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 28-Jul-23 | - | 0.94 | 0.39 | 0.67 |
| 31-Jul-23 | - | 1.31 | 1.44 | 1.37 |
| 01-Aug-23 | - | 4.26 | 3.85 | 4.06 |
Zeal Global Services IPO Synopsis
Zeal Global Services IPO is all set to open from 28th July to 1st August 2023. Zeal Global Services Limited operates in the Air Cargo Industry, providing comprehensive logistics solutions. The company is launching a fresh issue of 35,40,000 equity shares (worth ₹36.46 Cr). The share allotment date is 4th August, and the IPO will be listed on 9th August on NSE SME. The fixed price of this SME IPO is ₹103 with a lot size of 1200 shares.
Expert Global Consultants Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Zeal Global Services IPO
Zeal Global Services plans to utilize the raised capital from IPO to:
● Funding working capital needs
● Partly repayment of debt
● Investing in subsidiaries for business expansion
● General corporate purposes
● To meet public listing expenses
About Zeal Global Services
Established in 2014, Zeal Global Services specializes in the air cargo industry and operates in major locations, including Delhi and Mumbai, with a robust network of service partners and vendors supporting their international logistics operations. Zeal Global Services has its services across various countries, spanning India, China, the Middle East, Sri Lanka, Singapore, and Malaysia.
Zeal Global Services functions as a reputable General Sales and Service Agent (GSSA) and sales partner for airlines in the region. The company focuses on delivering cost-effective solutions, achieved through meticulous analysis of aircraft, load, and destination compatibility. This adaptability caters to the ever-changing demands of diverse industries, such as fashion, pharmaceuticals, automotive, and industrials.
Peer Comparison
● Hercules Aviation Private Limited
● Planit Travglobal Private Limited
For More Information:
Zeal Global Services IPO Allotment Status
Webstory on Zeal Global Services IPO
Zeal Global Services IPO GMP
Zeal Global Services Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 94.95 | 121.09 | 60.59 |
| EBITDA | 83.86 | 114.16 | 58.66 |
| PAT | 8.27 | 5.24 | 1.69 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 49.69 | 31.95 | 18.93 |
| Share Capital | - | - | - |
| Total Borrowings | 28.54 | 19.17 | 12.90 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -4.03 | 6.83 | -5.16 |
| Net cash from / (used in) investing activities | -10.07 | -4.54 | 0.12 |
| Net cash flow from / (used in) financing activities | 9.87 | 0.14 | -1.11 |
| Net increase (decrease) in cash and cash equivalents | -4.23 | 2.43 | -6.15 |
Zeal Global Services IPO Key Points
-
Strengths
1. Zeal Global Services specializes in engaging with airlines to handle both cargo and passenger services.
2. The company also efficiently collaborates with shippers to facilitate their transportation needs.
3. It has a scalable business.
4. Out of 300 International Air Transport Association (IATA agents) in India, the company has on boarded 250 IATA agents.
-
Risks
1. Operates in a highly competitive industry.
2. The working capital requirement is quite high, and there have been negative cash flows in the past years.
3. The business is based in a single state which can create concentration risk.
4. Highly affected by general economic and market conditions
5. The decline in cargo volumes, coupled with the rise in transport capacity, led to a decrease in freight rates, which can affect the company’s bottom line.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
Zeal Global Services IPO FAQs
What is the minimum lot size and investment required for the Zeal Global Services IPO?
Zeal Global Services IPO lot size is 1200 equity shares and the minimum investment required is ₹1,23,600.
What is the price band of the Zeal Global Services IPO?
The price band of Zeal Global Services IPO is ₹103.
When does the Zeal Global Services IPO issue opens and closes?
Zeal Global Services IPO opens 28th July 2023 and closes on 1st August 2023.
What is the size of the Zeal Global Services IPO?
Zeal Global Services plans to issue a fresh issue of 35,40,000 equity shares (worth ₹36.46 Cr).
What is the allotment date of the Zeal Global Services IPO?
The allotment date of Zeal Global Services IPO is 4th August 2023.
What is the Zeal Global Services IPO listing date?
The listing date of Zeal Global Services IPO is 9th August 2023.
Who are the book runners for the Zeal Global Services IPO?
Expert Global Consultants Private Limited is the book-running lead manager for Zeal Global Services IPO.
What is the objective of Zeal Global Services IPO?
Zeal Global Services plans to utilize the raised capital from IPO to:
● Funding working capital needs
● Partly repayment of debt
● Investing in subsidiaries for business expansion
● General corporate purposes
● To meet public listing expenses
How to apply for the Zeal Global Services IPO?
To apply for the Zeal Global Services IPO, follow the steps given below
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Zeal Global Services IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.