Hold onto your hats, investors! Zaggle Prepaid Ocean Services IPO is here. As the company announced going public, we are here to give you all the details about the Initial Public Offering (IPO) of Zaggle Prepaid Ocean Services IPO. The company works with organizations in the fields of banking, fintech, healthcare, FMCG, autos, infrastructure, industrial production, etc. to provide fintech and SAAS (software as a service) products.
In this article, you will get information about the IPO, such as Price, lot size, GMP( Grey Market Price ), opening and closing Date of IPO, subscription rate, allotment Date and lots more.📈
From the opening date to the IPO price, lot size, how to apply for IPO, Live GMP and beyond, Committed to keeping you informed every step of the way.
Stay tuned as we exploreZaggle Prepaid Ocean Services’s history, market analysis, and future growth possibilities. It’s an IPO that promises huge opportunities, and we’re here to make sure you’re ready to take advantage of them.📊💰
Join us on this journey as we unveil the details ofZaggle Prepaid Ocean Services IPO. 🌟💼”
Zaggle Prepaid Ocean Services IPO Details
Zaggle Prepaid Ocean Services IPO, opening from September 14 to September 18, 2023. Priced between ₹156 to ₹164 per share. IPO offers investors an attractive opportunity, with a face value of ₹1 which means no chances of stock split in future. The minimum lot size for retail investors is 90 shares (₹14,760), and the total issue size is ₹563.38 Crores. Zaggle Prepaid Ocean Services will list its IPO on September 27, 2023, on both the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
📢 Zaggle Prepaid Ocean Services IPO – Mark Your Calendar! 📅
Prepare yourself for a significant financial opportunity as the application for the IPO is about to open. Here are key details:
🗓️ IPO Date: The subscription window for Zaggle Prepaid Ocean Services IPO opens on September 14, 2023, and closes on September 18, 2023.
📊 Price Band: The company has set the price per share in the range of ₹156 to ₹164, making it affordable for investors across all price ranges.
📜 Face Value: Each share has a face value of ₹1.
💼 Lot Size: The minimum retail investor lot size for this IPO is 90 shares (₹14,760), allowing small retail investors to participate in this IPO.
📈 Total Issue Size: Zaggle Prepaid Ocean Services IPO has a total issue size aggregating up to ₹563.38 Crores.
🌱 Fresh Issue: The fresh issue aggregates up to ₹392.00 Crores.
Check the table for more details…
| IPO Date Opening Date | September 14, 2023 |
| IPO Date Closing Date | September 18, 2023 |
| IPO allotment Date | September 22, 2023 |
| Initiations of refund (if not allotted) | September 25, 2023 |
| Credits of shares to demat (if allotted) | September 26, 2023 |
| Listing Date | September 27, 2023 |
| Face Value | ₹1 per share |
| Price | ₹156 to ₹164 per share |
| Lot Size (Min. retail) | 90 Shares (₹14,760) |
| Total Issue Size | (aggregating up to ₹563.38 Crores) |
| Fresh Issue | (aggregating up to ₹392.00 Crores) |
| Offer for Sale | 10,449,816 shares of ₹1 (aggregating up to ₹171.38 Crores) |
| Listing At | NSE and BSE |
| Shareholding pre-issue | 98,194,319 |
About Zaggle Prepaid Ocean Services IPO
Zaggle Prepaid Ocean Services Limited is a 12-year-old fintech and SAAS (software as a service) company. It became India’s leading player in spend management with a differentiated value proposition and diversified user base. Zaggle provides a prepaid card to its customers. It has issued more than 45 million prepaid cards since its incorporation. It partners with major top banks to grab the attention and trust of customers so that the customer can take the zaggle prepaid credit card without any issue. In 2015, Zaggle launched the Zaggle app and starts focusing on Loyalty and Cashback.
The company won the best FinTech Corporate Innovation Program Award at The Economic Times BFSI Innovation Tribe 2020. Tata Steel, Persistent Systems, Inox, Pitney Bowes, Wockhardt, Mazda, Philips Carbon Black (PCBL), Hiranandani Group, Greenply Industries, and Cotiviti are only some examples of the company’s list of clients.
Zaggle Prepaid Ocean Services Info
| Company Information | Company Details |
|---|---|
| Company Name | Zaggle Prepaid Ocean Services Limited |
| Ticker Symbol (NSE) | To be updated |
| Ticker Symbol (BSE) | To be updated |
| Industry | Fintech and SAAS |
| Founded | 2011 |
| Headquarters | 301, III Floor, CSR Estate, Plot No.8, Sector 1, HUDA Techno Enclave, Madhapur Main Road, Hyderabad, Rangareddi – 500 081 |
| Website | https://www.zaggle.in/ |
| Promoters | Mr. Raj P Narayanam and Mr. Avinash Ramesh Godkhindi |
| Products/Services | Prepaid Cards, software as a service |
| Market Presence | India |
| Ownership Structure | To be a Publicly traded company |
| Financial Highlights (2022-2023) | Net Worth: ₹48.75 in crore |
| Profit After Tax: ₹22.90 in crore | |
| Assets: ₹234.76 in crore | |
| Key Customers | – |
| Competitors | – |
| Regulatory Environment | Compliant with SEBI regulations |
Zaggle Prepaid Ocean Services GMP (Grey Market Premium)
| GMP Rate | 20.12% |
| GMP in INR | 33 |
Zaggle Prepaid Ocean Services IPO allotment link
Zaggle Prepaid Ocean Services IPO Lot Size
The minimum lot size for the retail investor of Zaggle Prepaid Ocean Services are required to purchase a minimum 90 shares (₹14,760).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,760 |
| Retail (Max) | 13 | 1170 | ₹191,880 |
| S-HNI (Min) | 14 | 1,260 | ₹206,640 |
| S-HNI (Max) | 67 | 6,030 | ₹988,920 |
| B-HNI (Min) | 68 | 6,120 | ₹1,003,680 |
Zaggle Prepaid Ocean Services Reservation
| Anchor Investor Shares Offered | 15,458,515 (45.00%) |
| QIB Shares Offered | 10,305,677 (30.00%) |
| NII (HNI) Shares Offered | 5,152,838 (15.00%) |
| Retail Shares Offered | 3,435,225 (10.00%) |
| Total Shares Offered | 34,352,255 (100%) |
Zaggle Prepaid Ocean Services Financial Information (Consolidated)
| Period Ended | 31 Mar 2023 |
| Assets | 234.76 |
| Revenue | 554.58 |
| Profit After Tax | 22.90 |
| Net Worth | 48.75 |
| Reserves and Surplus | 39.36 |
| Total Borrowing | 121.07 |
Zaggle Prepaid Ocean Services Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| P/E (x) | 66.67 |
| Market Cap (₹ Cr.) | 2002 |
| ROE | 46.98% |
| Debt/Equity | 2.48 |
| EPS (Rs) | 2.46 |
| RoNW | 46.98% |
FAQ
1. What is Zaggle Prepaid Ocean Services IPO?
Ans. Zaggle Prepaid Ocean Services is a main-board IPO. The face value of ₹1 aggregates up to ₹563.38 Crores. The minimum issue price band for the retail investor is ₹156 and the maximum price band for the retail investor is ₹164 per share. The minimum order quantity is 90 Shares (₹14,760). The Zaggle Prepaid Ocean Services IPO opens on September 14, 2023, and closes on September 18, 2023. kfintech Limited is the registrar for the IPO. The company has proposed to list the shares on both BSE and NSE.
2. When is the Zaggle Prepaid Ocean Services IPO scheduled to take place?
Ans. The IPO date for Zaggle Prepaid Ocean Services IPO is scheduled for September 14, 2023.
3. What is the IPO price of Zaggle Prepaid Ocean Services shares?
Ans. The IPO price is the price at which Zaggle Prepaid Ocean Services shares will be initially offered to the public. The IPO price for Zaggle Prepaid Ocean Services is set at between ₹156 to ₹164 per share.
4. What is the Grey Market Premium (GMP) for Zaggle Prepaid Ocean Services IPO
Ans. The Grey Market Premium (GMP) reflects the premium at which shares of Zaggle Prepaid Ocean Services are trading in the unofficial, secondary market before the official listing. Currently, the GMP for Zaggle Prepaid Ocean Services IPO is ₹33 (20.12%).
5. Where can I find a review and analysis of Zaggle Prepaid Ocean Services IPO prospectus?
Ans. You can find a comprehensive review and analysis of Zaggle Prepaid Ocean Services IPO prospectus on the official website of SEBI.
6. How can I apply for Zaggle Prepaid Ocean Services IPO shares?
Ans. To apply for Zaggle Prepaid Ocean Services IPO shares, you can follow the instructions provided in the prospectus or contact your broker. You can apply online through your broker’s platform or submit a physical application form.
7. What are the key details about Zaggle Prepaid Ocean Services business and industry?
Ans. Zaggle Prepaid Ocean Services is committed to providing fintech products and services.
8. What are the risk factors associated with investing in Zaggle Prepaid Ocean Services IPO?
Ans. Investing in an IPO carries certain risks, including market, business, and regulatory risks. Zaggle Prepaid Ocean Services IPO prospectus provides a detailed list of risk factors that potential investors should review carefully.
9. What is the size of Zaggle Prepaid Ocean Services IPO offering?
Ans. The size of Zaggle Prepaid Ocean Services IPO offering refers to the total value of shares made available to the public. The offering size for Zaggle Prepaid Ocean Services IPO is ₹563.38 Crore.
10. When is the opening date & closing date of the IPO for Zaggle Prepaid Ocean Services?
Ans: The opening date for Zaggle Prepaid Ocean Services IPO is September 14, 2023, and the closing date is September 18, 2023.
11. What is the minimum lot size and order quantity for Zaggle Prepaid Ocean Services IPO?
Ans: The minimum lot size for Zaggle Prepaid Ocean Services IPO is ₹14,760, and the minimum order quantity required for participation is 90 shares.
12. Who is the registrar for Zaggle Prepaid Ocean Services IPO?
Ans: The registrar for Zaggle Prepaid Ocean Services IPO is kfintech.
Conclusion
In summary, Zaggle Prepaid Ocean Services IPO is an exciting opportunity for the investor to gain profit on a listing day with the expectations of 20% or more return. We have discussed about the company and details of the Zaggle Prepaid Ocean Services with live Zaggle Prepaid Ocean Services IPO GMP prices, allotment date, and more. Keep an eye on market dynamics, do your own research before applying to the IPO, and stay tuned for updates.
Disclaimer :
- IPO Grey Market Premium (Zaggle Prepaid Ocean Services IPO GMP): The mention of Zaggle Prepaid Ocean Services IPO Grey Market Premium (GMP) is approximate, not accurate, and may change over time.
- No Buying or Selling of IPO Forms: Please be aware that we do not facilitate the buying and selling of IPO forms within the IPO Grey Market.