Amidst a flurry of SME company IPOs, investors are buzzing with excitement over the remarkable performance of these companies in the market.
Zeal Global Services IPO presents a golden opportunity for investors who haven’t participated yet.
Let’s delve into the details of this promising IPO.
IPO Duration and Details
The Zeal Global Services IPO is open for subscription from August 28, 2023, and investors have until August 1, 2023 (Tuesday) to seize this opportunity.
The company aims to raise Rs 36.46 crore through its IPO.
The much-anticipated listing of Zeal Global Services is scheduled for August 9, 2023.
Impressive First-Day Response
On its debut day, Zeal Global Services IPO received an overwhelming response from investors, with a total subscription of 67 percent.
Retail investors showed keen interest with a 39 percent subscription, while non-institutional buyers displayed even greater enthusiasm, subscribing up to 94 percent.
About Zeal Global Services Limited
Established in 2014, Zeal Global Services Limited specializes in providing logistics solutions to the air cargo industry.
With its headquarters based in Delhi, the company intends to utilize the funds raised through the IPO for partial debt repayment and investment in subsidiary company growth.
