Zeal Global Services Limited
IPO Details
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Zeal Global Services Limited's successfully completed its Initial Public Offering and commenced trading on Aug 09, 2023 at the NSE exchange. The company raised 35,40,000 Shares through this public offering, comprising 35,40,000 Shares in fresh capital.
The IPO was priced within the band of ₹103 to ₹103, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from Jul 28, 2023 to Aug 01, 2023.
Share allotment was finalized on Aug 04, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2014, Zeal Global Services Limited is a Delhi-based company offering logistics solutions in the air cargo industry. The company operates as a General Sales and Service Agent (GSSA) and also as a sales partner for airlines across various regions. Zeal Global provides services in two main verticals — Cargo Carrier Services and Passenger Carrier Services — and tailors economical freight solutions as per client needs across industries like fashion, pharma, automotive and industrials. Along with its core logistics operations, the company also supports customers with sales, marketing, administration and operations services.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Nipun Anand
- Mr. Vishal Sharma
Zeal Global Services Limited
Skyline Financial Services Private Limited