Zeal Global Services Limited IPO

Zeal Global Services Limited IPO Review, Date, Price, GMP

Zeal Global Services Limited, formerly known as ‘Zeal Global Services Private Limited,’ was incorporated on February 13, 2014, Zeal Global Services Limited IPO is scheduled to debut on July 28, 2023.

Zeal Global Services Limited has a specialty in delivering logistics solutions in the Air Cargo Industry, functioning as a General Sales and Service Agent (“GSSA”) and sales partner for airlines in the region. The Company emphasizes understanding individual client needs, particularly in industries like fashion, pharmaceuticals, automotive, and industrials and strives to offer cost-effective solutions by conducting thorough aircraft, load, and destination compatibility analyses.

Zeal Global Services Limited made a strategic investment in a Joint Venture named Teleport Commerce IN Private Limited, acquiring a 33% stake in the venture to boost its offerings and presence.

Zeal Global Services Limited has earned the confidence and trust of its clients, providing logistics services across various countries, including India, China, the Middle East, Sri Lanka, Singapore, and Malaysia.

The company has two distinct business verticals:

  • Cargo Carrier Service: Its main function is to facilitate the transfer and shipment of goods in collaboration with these represented or contracted airlines, allowing cargo transportation by air.
  • Passenger Carrier Service: In this vertical, Zeal Global Services Limited collaborates with different airlines, extending support for the transportation of passengers via airways between different countries. By offering seamless cross-cultural experiences for both passengers and airlines.

Zeal Global Services Limited IPO Complete Details:

IPO Date28 July 2023 to 01 August 2023
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Face Value10 Rs. Per Share
Price103 Rs.
Lot Size1200
Issue Size3,540,000 shares (Rs.36.46 Cr)
Fresh Issue3,540,000 shares (Rs.36.46 Cr)
Listing Date09 August 2023

Zeal Global Services Limited IPO Timetable:

Opening Date28 July 2023
Closing Date01 August 2023
Allotment04 August 2023
Initiation of Refunds07 August 2023
Credit of Shares to Demat Account08 August 2023
Listing Date09 August 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxNet WorthBorrowings
31 March 20202,203.037,671.09133.60435.76258.00
31 March 20211,893.076,094.93169.61603.09171.41
31 March 20223,194.8212,127.77524.301,277.22194.32
31 January 20234,969.269,505.38826.652,115.611,243.92
Amount In Lakhs

AS OF NOW, the GMP OF Zeal Global Services Limited is Around Rs.

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