The Zaggle Prepaid Ocean Services date has been confirmed from September 14 and ended on September 18
The Zaggle Prepaid Ocean Services IPO date has been scheduled; the IPO will open on September 14 and finish on September 18. Zaggle Prepaid Ocean Services IPO would raise about 563 crores through an IPO that will include a fresh issue of 392 crores and an offer for sale of up to 10,449,816 equity shares at 1 rupee each. Retail has a quota of 10%, QIB has a limit of 75%, and HNI has a limit of 15%.
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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 is ₹[11].
IPO Overview
Zaggle Prepaid Ocean Services IPO is a book built issue of Rs 563.38 crores. The issue is a combination of fresh issue of 2.39 crore shares aggregating to Rs 392.00 crores and offer for sale of 1.04 crore shares aggregating to Rs 171.38 crores.
Zaggle Prepaid Ocean Services IPO bidding started from September 14, 2023 and ended on September 18, 2023. The allotment for Zaggle Prepaid Ocean Services IPO was finalized on Friday, September 22, 2023. The shares got listed on BSE, NSE on September 22, 2023.
Zaggle Prepaid Ocean Services IPO price band is set at ₹156 to ₹164 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹14,760. The minimum lot size investment for sNII is 14 lots (1,260 shares), amounting to ₹206,640, and for bNII, it is 68 lots (6,120 shares), amounting to ₹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 minimum market lot is 90 shares with a 14,760 application amount. Retail investors can apply for up to 13 lots with 1170 shares, or ₹191,880.
| 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
The Zaggle Prepaid Ocean Services IPO date is September 14, and the close date is September 18. The Zaggle Prepaid Ocean Services IPO allotment will be finalized on September 22, and the IPO listing on September 27.
| 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
Incorporated in 2011, we operate in a segment where we interact and interface with our Customers (i.e., businesses) and end Users (i.e., employees) and are among a small number of uniquely positioned players with a diversified offering of fintech products and services, having one of the most significant number of issued prepaid cards in India in partnership with certain of our banking partners (which constituted approximately 16.0% of India’s total prepaid transaction volume, as of March 31, 2023), a diversified portfolio of SaaS, including tax and payroll software, and a broad touchpoint reach (Source: Frost & Sullivan Report).
We are a leading player in spend management, with more than 50 million prepaid cards issued in partnership with banking partners and more than 2.27 million users served as of March 31, 2023. We offer a differentiated value proposition and diversified user base.
Registrar Info
| Name | Zaggle Prepaid Ocean Services |
| Phone number | 04067162222, 04079611000 |
| Email ID | zaggle.ipo@kfintech.com |
| Website | https://kosmic.kfintech.com |
Contact Details
| Name | Zaggle Prepaid Ocean Services |
| Phone number | +91 40 2311 9049 |
| Email ID | haripriya.singh@zaggle.in |
| Website | https://www.zaggle.in |
IPO Strenghts
- 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.
