Zeal Global Services IPO: The shares of the initial public offering (IPO) of Zeal Global Services Limited will be allotted this week end.
The stock belongs to the SME (Small & Medium enterprises) segment which usually has low liquidity and is hence also riskier. It will be traded in a lot size of 1200 shares after listing on NSE.
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Zeal Global Services IPO GMP
According to multiple websites that track grey market activities, Zeal Global Services IPO on Thursday commanded a grey market premium or GMP of Rs 0 apiece.
Zeal Global Services IPO Dates
Zeal Global Services IPO opened for subscription on July 28 and closed on August 1.
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Zeal Global Services IPO Price Range
The IPO is priced at Rs 103 per share. Zeal Global Services IPO worth Rs 36.46 crore, comprises entirely of a fresh issue with no offer for sale (OFS) component. Zeal Global Services is a leading player in the Air Cargo Logistics sector.
Zeal Global Services IPO Listing Date
The shares of the company will be listed on NSE Emerge on August 9, a platform for small and medium enterprises.
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Zeal Global Services IPO Allotment Date
Successful bidders will be allotted shares on August 4, 2023.
One lot of Zeal Global Services IPO has 1200 shares. It will cost Rs 123,600. A retail investor is allowed to bid for one lot. From HNI quota, an investor can bid for a maximum of two lots.
The proceeds from the IPO will be allocated to working capital requirements, investments in subsidiaries, debt repayment, general corporate purposes, and issue expenses of the company.
Incorporated in 2014, Zeal Global is mainly in the operations of offering logistics solutions in the air cargo industry. It broadly provides its offering in two verticals — cargo carrier service and passenger carrier service.
