Loading...
Guest User
Welcome! Please login.
| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹563.38 Cr |
| Fresh Issue | ₹392.00 Cr |
| Offer for Sale | ₹171.38 Cr |
| Face Value | ₹1 Per Equity Share |
| Price Band | ₹156.00-164.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543985 |
| NSE Code | ZAGGLE |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | ICICI Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 90 shares and in multiples thereof
Incorporated in 2011, Zaggle Prepaid Ocean Services Limited provides financial technology (fintech) products and services to manage corporate business expenses through automated and innovative workflows.
The company offers fintech and SaaS products and services to corporates working in the fields of banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile industries. The SaaS platform is designed for: (i) business spend management (including expense management and vendor management); (ii) rewards and incentives management for employees and channel partners; and (iii) gift card management for merchants, which we refer to as customer engagement management system (CEMS).
Zaggle's product portfolio includes:
Zaggle Prepaid Ocean Services' clientele includes companies like TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP Sanjiv Goenka Group), Hiranandani Group, Cotiviti, Greenply Industries, and so on.
As of fiscal 2023, the company has over 250 employees, 7 offices across India, more than 1750 customers, and over 1.7 million end users.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expenditure towards Customer acquisition and retention | 300.00 |
| 2 | Expenditure towards development of technology and products | 40.00 |
| 3 | Repayment or prepayment of certain borrowings, in full or part, availed by our Company; and | 17.08 |
| 4 | General corporate purposes | 5.10 |
| Period Ended | 31 Mar 2023 |
|---|---|
| Assets | 234.76 |
| Total Income | 554.58 |
| Profit After Tax | 22.90 |
| NET Worth | 48.75 |
| Reserves and Surplus | 39.36 |
| Total Borrowing | 121.07 |
| Amount in ₹ Crore | |
| KPI | |
|---|---|
| ROE | 46.98% |
| Debt / Equity | 2.48% |
| RoNW | 46.98% |
| PAT Margin | 4.14% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.46 | |
| P/E (x) | 66.67 | 87.23 |
| Promoter Holding | 57.91% | 44.07% |
| Market Cap | ₹2002.00 Cr. | |
