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Zeal Global Services Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Zeal Global Services Ltd IPO

Registered Office: A-261/262 3rd Floor Street # 6,Mahipalpur Extn , New Delhi - 110037 , New Delhi , India.
Phone : +91 11 4144 4063   Fax:+91 11 4144 4063
Email :  cs@zeal-global.com  
Website :  www.zeal-global.com
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 aggregating to (Rs)1.83 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e net issue of 33,62,400 equity shares of face value of (Rs)10/- each at a price of (Rs)103/- per equity share aggregating to (Rs)34.63 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.60% and 25.26% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10/- each and the issue price is 10.30 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
28-Jul-23 01-Aug-23 (Rs)103.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 33.44
Expert Global Consultants Pvt Ltd
Project Financed through Current Offer 36.46  
Post Issue Equity Share Capital 13.31  
Issue Price (Rs)103.00  
 
Projects
Working capital requirementPart repayment of debt
Investment in subsidiary for business expansionGeneral corporate purposes
Promoted By
Nipun Anand  
Vishal Sharma  
Listing At
NSE - SME 
Registrar to the Issue
Skyline Financial Services Pvt