Zeal Global Services Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,680,000 (47%) | — | ₹1,730 Cr |
| Retail | — | 1,682,400 (48%) | — | ₹1,733 Cr |
| Market Maker | — | 177,600 (5%) | — | ₹18 Cr |
| Σ Total | — | 3,540,000 (100%) | — | ₹36,462 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹123,600 |
| Retail (Max) | 13 | 15,600 | ₹1,606,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,730,400 |
| B-HNI (Min) | 67 | 80,400 | ₹8,281,200 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Jan-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 9,505 | 12,128 | 6,095 |
| Profit After Tax | 827 | 524 | 170 |
| Net Worth | 2,116 | 1,277 | 603 |
| Total Assets | 4,969 | 3,195 | 1,893 |
| Reserves & Surplus | 1,920 | 1,082 | 543 |
| Total Borrowing | 1,244 | 194 | 171 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Working capital requirement; – 12.00
- Investments in subsidiaries for business expansion; – 10.00
- Part repayment of debt – 4.32
- General corporate purposes; – 7.12
Company Overview
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 Service
- Passenger Carrier Service
Given 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:
- Sales
- Marketing
- Administration
- Operations