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Zeal Global Services Limited

Zeal Global Services Limited

smelisted
Registrar: Skyline Financial Services Private Ltd · Listing 2023-08-09
IPO Timeline
Today · 20 Oct 2026
Opens
28 Jul 2023
Closes
01 Aug 2023
Allotment
30 Jul 2023
Refund
07 Aug 2023
Demat
04 Aug 2023
Listing
09 Aug 2023
Price Band
₹103–103
GMP
₹0
0%
Lot Size
1200 Shares
Min ₹123,600
Subscription
0x
Issue Size
₹36.46 Cr
Open
2023-07-28
Close
2023-08-01
Listing
2023-08-09

About the company

## **About the Zeal Global Services Limited IPO :** Incorporated in 2014, Zeal Global Services Limited is engaged in the business of providing logistics solutions in the Air Cargo Industry. The company is headquartered in Delhi and has a presence in  Mumbai too. It has been operating as General Sales and Service Agent (“GSSA”) and sales partner for airlines in the region. It is supported by a network of service partners and vendors which enables them  to serve client requirements across India and abroad. Now, Zeal Global Services Limited  is coming out with its initial public offer (IPO). The IPO will be a fresh issue. The money raised through the fresh issue will be utilised towards business expansion, repayment of debt and to meet working capital requirements.   Here are key details about the Zeal Global Services Limited  IPO : Company Name| Zeal Global Services Limited|  | Company Type| Private ---|---|---|---|--- IPO Type|SME|

Strengths

    Risks

      Financial performance (₹ Cr)

      IPO Roadmap / Timeline

      Current Status · as of 20 Oct 2026
      Listed
      Listed on 09 Aug 2023
      Listed 1168 days ago
      1. IPO Opens

        Completed
        28 Jul 2023

        Bidding starts for all investor categories

      2. IPO Closes

        Completed
        01 Aug 2023

        Last day to place your bid

      3. Basis of Allotment

        Completed
        30 Jul 2023

        Share allotment finalised

      4. Refund Initiation

        Completed
        07 Aug 2023

        Refunds credited for non-allottees

      5. Credit to Demat

        Completed
        04 Aug 2023

        Allotted shares credited to demat account

      6. Listing on Exchange

        Completed
        09 Aug 2023

        Shares list on NSE / BSE

      Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.

      Lot size & minimum investment

      Lot Size
      1200 shares
      Price / Share (upper)
      ₹103
      Min Investment (1 lot)
      ₹123,600
      Price Band
      ₹103–103
      Retail / Individual
      1 lot only
      Min lots
      1
      Min shares
      1200
      Min amount
      ₹123,600
      Max amount
      ₹123,600
      HNI
      Min 2 lots
      Min lots
      2
      Min shares
      2400
      Min amount
      ₹247,200
      Max amount
      ₹247,200

      Shares reserved per category & allotment probability

      QIB
      100% allotment
      Reservation
      50%
      Amount
      ₹18.23 Cr
      Shares offered
      1,769,903
      Shares bid
      0
      Subscribed
      0.00x
      NII
      100% allotment
      Reservation
      15%
      Amount
      ₹5.47 Cr
      Shares offered
      530,971
      Shares bid
      0
      Subscribed
      0.00x
      Retail
      100% allotment
      Reservation
      35%
      Amount
      ₹12.76 Cr
      Shares offered
      1,238,932
      Shares bid
      0
      Subscribed
      0.00x

      Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).