Zeal Global Services Limited

Company Profile
Company Name Zeal Global Services Limited
Open Date 28-07-2023
Close Date 01-08-2023
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹ 103 per share
Issue Size 35,40,000 equity shares
Application Amount ₹ 1,23,600
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Company was incorporated in the year 2014 and has its registered office in New Delhi. The company provides logistics solutions in the Air Cargo Industry. The Company have been operating as General Sales and Service Agent (“GSSA”) and sales partner for airline in the region. The business verticals are primarily divided into two segments: Cargo Carrier Services and Passenger Carrier Services. As on January 31, 2023, Company has 37 employees on payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Jan-23
Total Assets 1,893.07 3,194.82 4,969.26
Net Assets 603.09 1,277.22 2,115.61
Total Borrowings 171.41 194.32 1,243.92
Total Revenue 6,094.93 12,127.77 9,505.38
Profit After Tax 169.61 524.30 826.65

Tentative Timeline

Opening Date 28-07-2023
Closing Date 01-08-2023
Basis of Allotment 04-08-2023
Initiation of Refunds 07-08-2023
Credit of Shares to Demat 08-08-2023
Listing Date 09-08-2023

Objects of the Issue

Working capital requirement
Investments in subsidiaries for business expansion
Part repayment of debt
General corporate purposes
To meet issue expenses

Contact Information

Registered Office Zeal Global Services Limited A - 261/262, Third Floor, Street No. 6, Mahipalpur Extension, New Delhi - 110037
Phone +91 11 4144 4063
Email cs@zeal-global.com
Website https://www.zeal-global.com/

Registrar Details

Name Skyline Financial Services Private Limited
Phone 02228511022
Email ipo@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

Market Maker Shares Offered 1,77,600 (5.02%)
Other Shares Offered 16,80,000 (47.46%)
Retail Shares Offered 16,82,400 (47.53%)
Total Shares Offered 35,40,000 (100%)

Shareholding Pattern

Pre Issue Share Holding(Promoters) 100%
Post Issue Share Holding(Promoters) 73.40%

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