Zeal Global Services Limited IPO
Zeal Global Services Limited IPO
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Zeal Global Services Limited's successfully completed its Initial Public Offering and commenced trading on 09-08-2023 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 28-07-2023 to 01-08-2023.
Share allotment was finalized on 04-08-2023, 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.
Zeal Global IPO About Company
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."
Zeal Global IPO Strength Factors
NA
Zeal Global IPO Risk Factors
NA
Zeal Global IPO Lead Manager(s)
- Expert Global Consultants Private Limited
Zeal Global IPO Promoter(s)
- Mr. Nipun Anand
- Mr. Vishal Sharma
Zeal Global IPO FAQs
Zeal Global Services Limited IPO subscribed 4.1 times. The public issue subscribed 3.85 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 10, 2025 6:11:07 AM (Day 10).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Zeal Global IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Zeal Global IPO FAQs
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