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 as well as 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%.
Zaggle Prepaid Ocean Services is a market leader in expenditure management, with a distinct value offering and a diverse user base. Incorporated in 2011, they operate in a segment where they interact and interface with our Customers (businesses) and end Users (employees) and are among a small number of uniquely positioned players with a diverse offering of financial technology (fintech) products and services, having one of the largest numbers of issued prepaid cards in India in partnership with certain of our
banking partners, a diversified portfolio of software as a service (SaaS), They are sector-agnostic, and their network of corporate customers includes TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP – Sanjiv Goenka Group), Hiranandani Group, Cotiviti, and Greenply Industries, among others.
Our SaaS platform is designed for business spend management (including expense management and vendor management), rewards and incentives management for employees and channel partners, and gift card management for merchants, which they refer to as customer engagement management systems (CEMS).
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 |
Objects of the Issue
- Expenditure towards Customer acquisition and retention.
- Expenditure towards the development of technology and products.
- Repayment or pre-payment of certain borrowings, in full or in part, is availed of by the company.
- General corporate purposes.
Zaggle Prepaid Ocean Services IPO Review (Apply or Not)
- To be updated soon
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
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.
| Application | Lot 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 and 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 IPO Form
How do I apply for the Zaggle Prepaid Ocean Services IPO? –> You can apply for the Zaggle Prepaid Ocean Services IPO using your bank account’s ASBA. Simply go into your online banking account and apply through your bank account by selecting the Zaggle Prepaid Ocean Services IPO in the Invest section. You can also apply for the Zaggle Prepaid Ocean Services IPO by downloading IPO forms from the NSE and BSE. Check out the Zaggle Prepaid Ocean Services applications.
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
Check Zaggle Prepaid Ocean Services IPO valuation details like Earning Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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 |
Peer Group
- NA
Company Promoters
- Mr. Raj P Narayanam
- Mr. Avinash Ramesh Godkhindi
Zaggle Prepaid Ocean Services IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
Company Address
Zaggle Prepaid Ocean Services Limited
301, III Floor, CSR Estate, Plot No.8,
Sector 1, HUDA Techno Enclave, Madhapur Main Road,
Hyderabad, Rangareddi – 500 081
Phone: +91 40 2311 9049
Email: [email protected]
Website: https://www.zaggle.in
Zaggle Prepaid Ocean Services IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Equirus Capital Private Limited
- Iifl Securities Ltd
- JM Financial Limited
Zaggle Prepaid Ocean Services IPO FAQs:
Q1. What is Zaggle Prepaid Ocean Services IPO?
Ans. Zaggle Prepaid Ocean Services IPO is a main-board IPO. They are going to raise ₹563 Crores via IPO. The issue is priced at ₹156 to ₹164 pr equity share. The IPO is to be listed on BSE & NSE.
Q2. When Zaggle Prepaid Ocean Services IPO will open?
Ans. The IPO is to open on September 14, 2023 for QIB, NII, and Retail Investors.
Q3. What is Zaggle Prepaid Ocean Services IPO Investors Portion?
Ans. The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
Q4. How to Apply the Zaggle Prepaid Ocean Services IPO?
Ans. You can apply for Zaggle Prepaid Ocean Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Zaggle Prepaid Ocean Services IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Zaggle Prepaid Ocean Services”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Zaggle Prepaid Ocean Services IPO through Upstox?
Ans. Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Zaggle Prepaid Ocean Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Zaggle Prepaid Ocean Services IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Zaggle Prepaid Ocean Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Zaggle Prepaid Ocean Services IPO Size?
Ans. Zaggle Prepaid Ocean Services IPO size is ₹563 crores.
Q9. What is Zaggle Prepaid Ocean Services IPO Price Band?
Ans. Zaggle Prepaid Ocean Services IPO Price Band is ₹156 to ₹164.
Q10. What is the Zaggle Prepaid Ocean Services IPO Allotment Date?
Ans. Zaggle Prepaid Ocean Services IPO allotment date is September 22, 2023.
Q11. What is the Zaggle Prepaid Ocean Services IPO Listing Date?
Ans. Zaggle Prepaid Ocean Services IPO listing date is September 27, 2023. The IPO is to list on BSE and NSE.
