Zeal Global Services IPO: Subscription status on day 3, and other key details here

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₹103 per equity share and the share will be listed on the NSE SME exchange Wednesday, 9 August. Zeal Global Services IPO plans to raise ₹36.46 crore. The company plans to use the issue's proceeds to pay for the following things: working capital needs, investments in subsidiaries for company growth, partial debt repayment, general corporate purposes, and issue expenditures.

Zeal Global Services IPO share allotment will take place on Friday, 4 August. Those allotted shares will get them in their Demat accounts on Tuesday, 8 August. The refund process for those who did not get shares will begin on Monday, 7 August.

Zeal Global Services Limited, a company founded in 2014, specialises in providing logistical solutions for the air cargo industry. The business has its headquarters in Delhi and also provides its services in other places. The business acts as a GSSA, or general sales and service agent, as well as an airline's sales partner in the area.

Also Read: Yatharth Hospital IPO Allotment: GMP, how to check allotment status Zeal Global Services IPO was subscribed 4.06 times on day 3 so far. The issue received positive response from retail investors who's portion set was subscribed 3.85 times, and non-institutional buyers who's portion set was subscribed 4.26 times, according to data on chittorgarh.com. The company has received bids for 1,36,45,200 shares against 3,540,000 shares on offer, according to data on chittorgarh.com.

Zeal Global Services IPO GMP or grey market premium is +10. This indicates that the shares of Zeal Global Services IPO GMP were trading at a premium of ₹10 in the grey market on Tuesday, according to topsharebrokers.com. Considering the upper end of the IPO price band and the current premium in the