Zeal Global Services Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Zeal Global Serv

CMP

203.50

+12.25 (6.41%)

₹103

Offer Price

₹ 36.46 Cr

Issue Size

₹ 1,23,600

Min Investment

1,200

Lot size

Time Line

  • 28
    Jul 2023
    Open
  • 01
    Aug 2023
    Close
  • 04
    Aug 2023
    Finalisation of Basis of Allotment
  • 07
    Aug 2023
    Initiation of Refunds
  • 08
    Aug 2023
    Transfer of Shares to Demat Account
  • 09
    Aug 2023
    Listing Date

Objects of the Offer

  • Cost Effectiveness.

  • Leveraging its knowledge and relationship.

  • Attract and retain good talent.

  • Business Collaboration Opportunities.

  • Plant & Machinery.

Products & Services

  • Zeal Global Services Limited is in the air cargo industry and continues to strive to be the global General Sales and Service Agent.

Strengths

  • Experienced management team having domain knowledge to scale up and expand into new opportunities.

  • Wide portfolio of services addressing the needs of varied customers across the industry.

  • Capture the high growth opportunities in the India air cargo industry.

  • Experienced promoters and management team.

  • Strong brand recognition.

Risks

  • The Company is dependent on few numbers of customers and airlines. Loss of any of these customers and airlines will significantly affect its revenues and profitability.

  • The company business involves usage of manpower and any unavailability of the employees or shortage of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on its cash flows and results of operations.

  • The company has applied for the registration of the logo ZEAL GLOBAL CORP in the name. If its fail to obtain approval of registration the company brand building efforts may be hampered which might lead to adverse effect on its business.

  • The company insurance coverage may not be adequate to protect it against certain losses and this may have a material adverse effect on its business.

  • Any failure to maintain quality control systems for the company services could have a material adverse effect on its business, reputation, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
26.60%
Pre Holding

100.00%

Post Holding

73.40%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 60.59 (-20.80%) 121.09 (99.90%) 112.21 (-7.30%)
Gross Profit 60.59 (-20.80%) 121.09 (99.90%) 112.21 (-7.30%)
Net Income 60.59 (-20.80%) 121.09 (99.90%) 112.21 (-7.30%)
Assets 60.59 (-20.80%) 121.09 (99.90%) 112.21 (-7.30%)
Liabilities 60.59 (-20.80%) 121.09 (99.90%) 112.21 (-7.30%)

Book Running Managers

  • Expert Global Consultants Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

A/505 Dattani Plaza,
A K Road Safeed Pool,
Andheri (East) - Mumbai - 400072
Phone 1: 91-22-49721245 Phone 2: 91-22-28511022

Company Contact Information

A-261/262 3rd Floor Street # 6,
Mahipalpur Extn,
New Delhi - 110037
Phone : +91 11 4144 4063 Email : cs@zeal-global.com www.zeal-global.com

Offer Related Information

Initial public issue of upto 35,40,000 equity shares of face value of Rs. 10/- each of Zeal Global Services Limited (the "Company" or the "Issuer") for cash at a price of Rs. 103/- per equity share including a share premium of Rs. 93/- per share (the "Issue Price") aggregating to Rs. 36.46 crores ("The Issue"), of which up to 1,77,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 103/- per equity share including a share premium of Rs. 93/- per equity share... More

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