Business Standard

Zeal Global Services Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

36.46 cr

Price Range (₹)

103

Lot Size

1200

Min Investment (₹)

1,23,600.00

Listing Exchange

NSE - SME

Open Date

28-Jul-2023

Close Date

01-Aug-2023

Listing Date

09-Aug-2023

Zeal Global Services Ltd News

    The Shares of Zeal Global Services Ltd have now been listed.

    Zeal Global Services Ltd IPO Details

    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.

    Objective of issue

    Working capital requirement. Investment in subsidiary for business expansion. Part repayment of debt. General corporate purposes.

    Zeal Global Services Ltd Contact Details

    Zeal Global Services Ltd, A/505 Dattani Plaza, A K Road Safeed Pool, Andheri (East), Mumbai - 400072

    Phone - 91-22-49721245

    Fax -

    Email - cs@zeal-global.com

    Website - www.zeal-global.com