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IPO Status: Listed [14th Sep 2023 to 18th Sep 2023]
Rated 3/5 by Team InvestorGain
Zaggle Prepaid Ocean Services Limited is launching a IPO at NSE and BSE platform. Fresh issue worth of Rs 490 Cr and Offer for sale of 10,526,316 shares. The subscription period for this IPO Sept 14 to Sept 18. The face value each at Rs 1 per share and the issue price band for this mainboard IPO ranging from Rs 156 to Rs 164 per shere along with the minimum lot size of this IPO to 90 sheres or its multiples.
Stay tuned for more information on Zaggle Prepaid Ocean Services Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 14th Sep 2023 |
| IPO Issue Closing Date: | 18th Sep 2023 |
| IPO Issue Price: | ₹156.00-164.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹563.38 Cr |
| Offer for Sale: | ₹171.38 Cr |
| Fresh Issue: | ₹392.00 Cr |
| Face Value: | ₹1 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 57.91% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 543985 |
| NSE Code: | ZAGGLE |
Get important updates regarding Zaggle Prepaid Ocean ServicesIPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 22nd Sep 2023 |
| Refunds Initiation* | 25th Sep 2023 |
| Credit of Shares to Demat* | 26th Sep 2023 |
| IPO Listing Date* | 22nd Sep 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹156.00-164.00 |
| Market Lot: | 90 Shares |
| 1 Lot Amount: | ₹14760 |
| Min Small HNI Lots(2-10 Lakh): | 1260 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 6120 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 22-09-2023 | 164.00 | 11 | 800/11200 | ₹175 (6.71%) | 22-Sep-2023 9:28 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Zaggle Prepaid Ocean Services Limited was established in June 2011. The Company is industry agnostic and its network of enterprise customers (“Customers”) includes banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure and automotive, among others, where it has relationships with brands such as TATA Steel, Persistent Systems, Vitech, Inox, Pitney Botheys, Wockhardt, MAZDA, PCBL (RP – Sanjiv Goenka Group), Hiranandani Group, Cotiviti and Greenply Industries.
The Company is at the intersection of SaaS and Fintech ecosystems and its SaaS platform is designed to (i) manage business spend (including spend management and vendor management), (ii) manage employee and channel partner rewards and incentives, and (iii) manage merchant gift cards, referred to as Customer Engagement Management System (“CEMS”). Their core product portfolio includes:
They offer an ecosystem-based approach to SaaS and low-cost fintech for customer acquisition and retention in the business-to-business (“B2B”) segment. Their approach focuses on cross-selling, up-selling and offering their products and services in partnership with other players in the operational ecosystems. Through their agreements with partner banks and fintechs, their clients can offer a range of SaaS and fintech solutions to their employees, channel partners, and customers.
Their offerings have features such as a configurable platform for each customer that enables partner onboarding and automated workflows to track expenses and reconciliations, which has helped build consistent customer loyalty.
| Incorporation | Sector | IPO Issue Size | Website |
| 2011 | Financial Services | ₹563.38 Cr | https://www.zaggle.in/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 10,305,677 (54.55%) | 5,152,838 (27.27%) | 3,435,225 (18.18%) | 18,893,740 | |
| 1 | 14th Sep 2023 19:04 | 0.00x | 0.11x | 0.92x | 0.20x |
| 2 | 15th Sep 2023 19:04 | 0.00x | 0.30x | 1.99x | 0.44x |
| 3 | 18th Sep 2023 19:04 | 16.94x | 9.16x | 6.15x | 12.86x |
Past performance and financial results of Zaggle Prepaid Ocean Services.
| 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 |
Last Updated on 26-Sep-2023 06:02:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Zaggle Prepaid Ocean Services IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Zaggle Prepaid Ocean Services IPO with Zerodha.
Alternate approch to apply in Zaggle Prepaid Ocean Services IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Zaggle Prepaid Ocean Services IPO Review and Important Updates
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To subscribe or apply in Zaggle Prepaid Ocean Services IPO, you can use the following methods:
| Zaggle Prepaid Ocean Services IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Zaggle Prepaid Ocean Services IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Zaggle Prepaid Ocean Services IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Zaggle Prepaid Ocean Services IPO. Most of the Syndicate Banks provide access to apply in Zaggle Prepaid Ocean Services IPO via ASBA process. You must have your net banking access, DP ID information to apply in Zaggle Prepaid Ocean Services IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Zaggle Prepaid Ocean Services IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Zaggle Prepaid Ocean Services IPO Review and Important Updates
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Applying in Zaggle Prepaid Ocean Services IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Zaggle Prepaid Ocean Services IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Zaggle Prepaid Ocean Services IPO, please refer article >> Link
Zaggle Prepaid Ocean Services IPO Review and Important Updates
Steps to download the online application form for Zaggle Prepaid Ocean Services IPO
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Zaggle Prepaid Ocean Services IPO is going to be list on 22-09-2023. NSE Code for Zaggle Prepaid Ocean Services is ZAGGLE. BSE Code for Zaggle Prepaid Ocean Services is 543985.
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Zaggle Prepaid Ocean Services IPO Allotment Date is 22-09-2023.
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