Zeal Global Services SME IPO

Zeal Global Services Limited

₹1,23,600 /1200 sharesMinimum Investment

Zeal Global Services SME IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹103.00₹147.00₹44.00 (42.72%)

Zeal Global Services SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
28 Jul ‘23 - 1 Aug ‘23₹1,23,6001,200₹103 - ₹103
Issue SizeIPO Doc
36.46Cr
RHP PDF

About Zeal Global Services SME

Zeal Global Services, headquartered in Delhi, is engaged in the air cargo industry, offering comprehensive logistics solutions. As a General Sales and Service Agent (GSSA) and strategic sales partner for multiple airlines, the company facilitates the efficient movement of air cargo. The company operates through two key verticals: cargo carrier service and passenger carrier service. Leveraging its well-established network, the company tailors its logistics solutions catering to the unique requirements of its diverse clientele coming from various industries like pharmaceuticals, automotive, fashion, and industrials. Beyond core logistics services, the company also extends sales, marketing, and administrative support to clients. ;
Parent Organisation
Zeal Global Services Limited
Founded
2014
Managing Director
Mr. Vishal Sharma

Strengths & Risks

  • Zeal Global Services has attracted several prominent airlines in India, including Copa Airlines, Bringer Air Cargo, Miat Mongolian Airlines, and Air Europa.
  • Its strategic location (in Delhi) enables it to effectively tap into domestic and international markets.
  • The company has an extensive network of IATA agents in India, with 250 IATA agents currently partnered with them. Almost 50% of these customers have been repeat clients over the years.
  • In the financial year 2022-23, the company successfully served around 200 IATA agents.
  • The company provides specialised cargo services for unusual sizes and temperature-sensitive goods, such as perishable items and pharmaceutical drugs.
  • The company has also handled unusually large cargo loads, with weights reaching 29 tonnes as well.
  • Zeal Global Services heavily relies on a small group of customers and airlines. As of January 31, 2023, the top 10 customers accounted for 41.59% of their revenue, and the top 10 airlines accounted for 91.10% of their purchases.
  • The company's success largely depends on maintaining a strong relationship with IATA Agents who handle the sales of their services. Any decrease in business from IATA Agents or a significant reduction in orders placed by them could seriously impact the company's revenues and operations.
  • The company is susceptible to negative effects due to fluctuations in cargo volumes and transportation capacity.
  • The company relies on a limited number of airlines for its operations. If any of these airlines refuse to cooperate or face issues, it can disrupt the company's services.
  • There are ongoing legal proceedings against the company and its directors.
  • The company has experienced negative cash flows in the past, and there is a possibility of facing negative cash flows in the future.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular103 - 103₹2 Lakh
High Networth Individual103 - 103₹2 - 5 Lakh
For Zeal Global Services SME IPO, eligible investors can apply as Regular.
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