Zaggle Prepaid Ocean Services Limited

Offer PeriodSep 14, 2023 – Sep 18, 2023

MainBoardListed

Listed Price

₹164.00

+0.00%

Price Band₹156 - ₹164

Lot Size90 Shares

Allotment DateSep 20, 2023

Listing DateSep 22, 2023

Subscription12.57 Times

Issue Size₹563.38 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹13
(7.93%)

Premium (ELP)

Zaggle Prepaid Ocean Services Limited's successfully completed its Initial Public Offering and commenced trading on Sep 22, 2023 at the NSE, BSE exchange. The company raised 3,43,52,255 Shares through this public offering, comprising 2,39,02,439 Shares in fresh capital and ₹171.38 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹156 to ₹164, with minimum application lots of 90 shares. The offering attracted significant investor interest during its subscription period from Sep 14, 2023 to Sep 18, 2023.

Share allotment was finalized on Sep 20, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Zaggle Prepaid IPO Details

IPO Date

Sep 14, 2023 to Sep 18, 2023

Allotment Date

Sep 20, 2023

List Date

Sep 22, 2023

Lot Size

90 share

Issue Price

₹156 - ₹164

Issue Size

3,43,52,255 (aggregating up to 563.38 Cr)

Fresh Issue

2,39,02,439 (aggregating up to 392.00 Cr)

Offer For Sale

1,04,49,816 (aggregating up to 171.38 Cr)

Listing At

NSE, BSE

Share Holding Pre-Issue

9,81,94,319

Share Holding Post-Issue

12,20,96,758

Market Marker Portion

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	90	14,760
sHNI	14	1260	2,06,640
bHNI	68	6120	10,03,680

IPO Reservation

Shares3,43,52,255

QIB

75.00%(2,57,64,192)

NII (HNI)

15.00%(51,52,838)

RETAIL

10.00%(34,35,225)

Total

100.00%(3,43,52,255)

Zaggle Prepaid IPO Key Performance Indicators

KPI	Values

KPI	Values
EPS	2.46
ROE	46.98
ROCE	0
RONW	46.98
PRE IPO(PE)	66.67
POST IPO(PE)	87.23

Company Financials (In Crores)

Period Ended	Mar 2023

Period Ended	Mar 2023
Assets	234.76
Revenue	554.58
Net Worth	48.75
profit After Tax	22.90
Reserves And Surpluse	39.36
Total Borrowing	121.07

Zaggle Prepaid IPO About Company

Zaggle Prepaid Ocean Services Limited, incorporated in 2011, is a fintech company providing corporate business expense management solutions through automated and innovative workflows. Its SaaS and fintech products cater to industries like banking, finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobiles. Key offerings include Propel (employee and channel rewards), Save (business spend management), CEMS (customer engagement and gift card management), Zaggle Payroll Card, and Zoyer (integrated invoice-to-pay platform). As of fiscal 2023, Zaggle serves over 1,750 corporate customers and 1.7 million end users with 250+ employees across 7 offices in India.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Zaggle Prepaid IPO Strength Factors

⚠️Zaggle Prepaid IPO Risk Factors

🏦Zaggle Prepaid IPO Lead Manager(s)

ICICI Securities LimitedEquirus Capital Private LimitedIIFL Capital Services LimitedJm Financial Limited

👤Zaggle Prepaid IPO Promoter(s)

Mr. Raj P Narayanam
Mr. Avinash Ramesh Godkhindi

🏢Zaggle Prepaid IPO Company Details

Zaggle Prepaid Ocean Services Limited

Email:haripriya.singh@zaggle.in

Phone:+91 40 2311 9049

Website:https://www.zaggle.in/

address:301, III Floor, CSR Estate, Plot No.8, Sector 1, HUDA Techno Enclave, Madhapur Main Road, Hyderabad, Rangareddi - 500 081

📋Zaggle Prepaid IPO Registrar

Kfin Technologies Limited

Name:Kfin Technologies Limited

Phone:04067162222

Email:zaggle.ipo@kfintech.com

Website:https://kosmic.kfintech.com/ipostatus/

❓Zaggle Prepaid IPO FAQs

Zaggle Prepaid IPO is a main-board IPO of 2,39,02,439 equity shares of the face value of ₹1 per share aggregating up to ₹171.38 crore shares. The issue is priced at ₹156 - ₹164 per share. The minimum order quantity is .The IPO opens on Sep 14, 2023, and closes on Sep 18, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE.

Zerodha customers can apply online in Zaggle Prepaid IPO using UPI as a payment gateway. Zerodha customers can apply in Zaggle Prepaid IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Zaggle Prepaid IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Zaggle Prepaid IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Zaggle Prepaid IPO opens on Sep 14, 2023 and closes on Sep 18, 2023.

You can apply in Zaggle Prepaid IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Zaggle Prepaid IPO will be done on Sep 20, 2023, and the allotted shares will be credited to your demat account by Sep 20, 2023

Zaggle Prepaid IPO's listing date is Sep 22, 2023.

Zaggle Prepaid Ocean Services Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹13(7.93%)

Premium (ELP)

₹13
(7.93%)