The Zaggle Prepaid Ocean Services IPO date has been confirmed from September 14 and ended on September 18. Read the post to learn about Zaggle Prepaid Ocean Services IPO.
Zaggle has already set Prepaid Ocean Services to be held on Thursday, the 14th September 2017 and will be over on Tuesday the 18th of the same month. The company is adding as much as Rs. 563 crores into the market with their IPO wherein they offer Rs.392 crores at face value of one rupee per share. The existing shareholders have the option of selling as many as 10 crores shares at one rupee apiece in the market. For retail investors 10%, QIB 75%, HNI 15% are the allocation both are as per IRDA regulation.
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Key Details Of Zaggle Prepaid Ocean Services IPO :
Bidding Dates
September 14 – 18
Price Range
₹156 to ₹164 per share
Face Value
₹1 per share
GMP
₹11
Zaggle Prepaid Ocean Services GMP
The Zaggle Prepaid Ocean Services IPO GMP Today is ₹[11].
Zaggle Prepaid Ocean Services IPO Overview
Zaggle Prepaid Ocean Services IPO is a book-built issuance worth Rs 563.38 crore. The offering consists of a new issuance of 2.39 crore shares totaling Rs 392.00 crores and an offer for sale of 1.04 crore shares totaling Rs 171.38 crore.
Zaggle Prepaid Ocean Services’ IPO bidding began on September 14, 2023 and finished on September 18, 2023. The allotment for the Zaggle Prepaid Ocean Services IPO was finalized on Friday, September 22, 2023. The shares were listed on the BSE and NSE on September 22, 2023.
Zaggle Prepaid Ocean Services. The IPO price range is prepared at ₹156 to ₹164 a share. Each account holder must at least hold 90 shares total which are the minimum number of shares for an application. The minimum investment for retail investors process would be ₹14,760. sNII investment level is 14 lots which is 1,260 shares costing ₹206,640 whereas bNII asking for 68 lots or 6,120 shares with a price tag of ₹1,003,680.
Zaggle Prepaid Ocean Services IPO Date & Price Band Details
| IPO Open: | September 14, 2023 |
| IPO Close: | September 18, 2023 |
| IPO Size: | Approx ₹563 Crores |
| Fresh Issue: | Approx ₹392 Crores |
| Offer for Sale: | Approx 10,449,816 Equity Shares |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹156 to ₹164 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
Zaggle Prepaid Ocean Services IPO Market Lot
The Zaggle Prepaid Ocean Services IPO has a minimum market lot of 0.084% and a total application amount of 14,760. Retail investors can apply for up to 13 tranches of 1170 shares each at around ₹191,880. These seven nationalized banks were among others, which were set up by the government to respond to the credit demands of an emerging economy.
| Applications | Lots Size | Shares | Amount |
| Retail Minimum | 1 | 90 | ₹14,760 |
| Retail Maximum | 13 | 1170 | ₹191,880 |
| S-HNI Minimum | 14 | 1260 | ₹206,640 |
| B-HNI Minimum | 68 | 6120 | ₹1,003,680 |
Zaggle Prepaid Ocean Services IPO Allotment & Listing Dates
“IPO” Date of Ocean Services by Zaggle is different, for September 14 and closing date is September 18. The end of the IPO listing on September 27th will be adjourned on September 22nd after the applicable allotment of Zaggle Prepaid Ocean Corporate Account Segment.
| Anchor Investors Allotment: | September 13, 2023 |
| IPO Open Date: | September 14, 2023 |
| IPO Close Date: | September 18, 2023 |
| Basis of Allotment: | September 22, 2023 |
| Refunds: | September 25, 2023 |
| Credit to Demat Account: | September 26, 2023 |
| IPO Listing Date: | September 27, 2023 |
Zaggle Prepaid Ocean Services Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹239.97 | ₹223.0 | ₹19.33 |
| 2022 | ₹371.26 | ₹320.49 | ₹41.92 |
| 2023 | ₹554.76 | ₹522.94 | ₹22.90 |
Zaggle Prepaid Ocean Services IPO Valuation – FY2023
| Earning Per Share (EPS): | ₹2.48 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 46.98% |
| Net Asset Value (NAV): | ₹5.29 per Equity Share |
Company Profile
We were incorporated in 2011 and operate in a segment where we interact and interface with our Customers and end Users and are one of a few uniquely positioned players with a diversified offering of fintech products and services, one of the most significant number of prepaid cards issued in India in partnership with certain of our banking partners constituting approximately 16.0% of India’s total prepaid transaction volume as of March 31, 2023 , and a diversified portfolio of SaaS products, including our tax and payroll software, and a broad touchpoint reach .
Our company is leading the way in spend management. It has been a trusted partner of the banking industry and has a growing user base with over 50 million prepaid cards issued and close to 2.3 million consumers serviced as at the end of March 2023. We offer customers a more unique value offer as well as a variety of user base.
Registrar Info
| Name | Zaggle Prepaid Ocean Services |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | https://kosmic.kfintech.com |
Contact Details
| Name | Zaggle Prepaid Ocean Services |
| Phone number | +91 40 2311 9049 |
| Email ID | [email protected] |
| Website | https://www.zaggle.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Zaggle Prepaid Ocean Services FAQs
When Zaggle Prepaid Ocean Services IPO will open?
The Zaggle Prepaid Ocean Services IPO opens on September 14, 2023 and closes on September 18, 2023.
What is the lot size of Zaggle Prepaid Ocean Services IPO?
Zaggle Prepaid Ocean Services IPO lot size is 90 Shares, and the minimum amount required is ₹14,760.
When is Zaggle Prepaid Ocean Services IPO allotment?
The finalization of Basis of Allotment for Zaggle Prepaid Ocean Services IPO will be done on Friday, September 22, 2023, and the allotted shares will be credited to your demat account by Tuesday, September 26, 2023.
When is Zaggle Prepaid Ocean Services IPO listing date?
The Zaggle Prepaid Ocean Services IPO listing date is on September 22, 2023.
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