Zeal Global Services Limited

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/

Offer Documents

Zeal Global Services Limited DRHP

Zeal Global Services Limited RHP

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%