31 Mar 2020
Assets22.03
Total Income76.71
Profit After Tax1.34
NET Worth4.36
Reserves and Surplus3.76
Total Borrowing2.58
At a glance
Updated 2026-09-16Zeal Global Services is a SME IPO with an issue size of ₹36.46 crore, proposed for listing on NSE SME. The issue structure includes a fresh issue of ₹34.63 crore.
Issue details
Listing atNSE SME
Issue typeFixed Price Issue
Issue size₹36.46 Cr
Fresh issue₹34.63 Cr
Face value₹10
Price band—–—
Grey market
GMP page ↗Latest GMP₹1.00
GMP / upper priceNO DATA
Est. listing₹104.00
GMP is unofficial sentiment data, not an exchange price.
Subscription demand
Full bidding ↗NO DATAWaiting for a verified live exchange update.
Company
Use of proceeds
| Object | Amount |
|---|---|
| Working capital requirement; | ₹12.00 Cr |
| Investments in subsidiaries for business expansion; | ₹10.00 Cr |
| Part repayment of debt | ₹4.32 Cr |
| General corporate purposes; | ₹7.12 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue95.05₹ Cr · -21.6% vs prior year
PAT8.27₹ Cr · +57.8% vs prior year
Assets49.69₹ Cr · +55.5% vs prior year
Net Worth21.16₹ Cr · +65.7% vs prior year
Borrowing12.44₹ Cr · +541.2% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2021
Assets18.93
Total Income60.95
Profit After Tax1.70
NET Worth6.03
Reserves and Surplus5.43
Total Borrowing1.71
31 Mar 2022
Assets31.95
Total Income121.28
Profit After Tax5.24
NET Worth12.77
Reserves and Surplus10.82
Total Borrowing1.94
31 Jan 2023
Assets49.69
Total Income95.05
Profit After Tax8.27
NET Worth21.16
Reserves and Surplus19.20
Total Borrowing12.44
KPIs
| KPI | Mar 31, 2022 | Jan 31, 2023 |
|---|---|---|
| ROE | 41.05% | 39.07% |
| ROCE | 58% | 56% |
| Debt / Equity | 0.15% | 0.59% |
| RoNW | 56.56% | 39.63% |
| PAT Margin | 4.33% | |
| Price to Book Value | 4.76 |
Valuation & shareholding
Pre-IPO EPS8.46
Pre-IPO P/E13.83
Post-IPO P/E.
Promoter holding pre100%
Promoter holding post73.4%
Market cap₹137.09 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Zeal Global Services IPO | — | 13.83 x | — | — |
| Apana Logistics IPO | — | 17.91 x | — | — |
| Sampark India IPO | — | 11.86 x | — | — |
| Global Ocean IPO | — | 16.53 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹2.02 Cr |
| Issue relating expenses such as fees to Lead manager Fixed Fee, Registrar to the Issue Legal Advisors, Auditors, Consultants, Paper Advertisements and other expenses incurred/ to be incurred including promotional expenses. | ₹0.90 Cr |
| Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees and other regulatory expenses. | ₹0.10 Cr |
Registrar & lead managers
Registrar
Skyline Financial Services Pvt.Ltd.Lead managers
- Expert Global Consultants Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-16.
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