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 Date | 28 July 2023 to 01 August 2023 |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Face Value | 10 Rs. Per Share |
| Price | 103 Rs. |
| Lot Size | 1200 |
| Issue Size | 3,540,000 shares (Rs.36.46 Cr) |
| Fresh Issue | 3,540,000 shares (Rs.36.46 Cr) |
| Listing Date | 09 August 2023 |
Zeal Global Services Limited IPO Timetable:
| Activity | Date* |
|---|---|
| Opening Date | 28 July 2023 |
| Closing Date | 01 August 2023 |
| Allotment | 04 August 2023 |
| Initiation of Refunds | 07 August 2023 |
| Credit of Shares to Demat Account | 08 August 2023 |
| Listing Date | 09 August 2023 |
Company Financial Details:
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Borrowings |
|---|---|---|---|---|---|
| 31 March 2020 | 2,203.03 | 7,671.09 | 133.60 | 435.76 | 258.00 |
| 31 March 2021 | 1,893.07 | 6,094.93 | 169.61 | 603.09 | 171.41 |
| 31 March 2022 | 3,194.82 | 12,127.77 | 524.30 | 1,277.22 | 194.32 |
| 31 January 2023 | 4,969.26 | 9,505.38 | 826.65 | 2,115.61 | 1,243.92 |
AS OF NOW, the GMP OF Zeal Global Services Limited is Around Rs.