Zaggle Prepaid Ocean Services Ltd
Price Range
₹156 - ₹164
Min. Quantity
90
Closes on
18 September 2023
Min. investment
₹14,760/1,170 Shares
Zaggle Prepaid Ocean Services Ltd IPO Timeline
Zaggle Prepaid Ocean Services Limited was incorporated as Zaggle Prepaid Ocean Services Private Limited' at Hyderabad as a Private Limited Company dated June 2, 2011. Subsequently, Company was converted into a Public Limited on August 22, 2022 and the name was changed to Zaggle Prepaid Ocean Services Limited' vide fresh Certificate of Incorporation on September 13, 2022.
| Event | Date |
|---|---|
| Zaggle Prepaid Ocean Services Ltd IPO Opening Date | 14 September 2023 |
| Zaggle Prepaid Ocean Services Ltd IPO Closing Date | 18 September 2023 |
| Basis of Allotment | 22 September 2023 |
| Initiation of Refunds | 25 September 2023 |
| Credit of Shares to Demat | 26 September 2023 |
| Zaggle Prepaid Ocean Services Ltd IPO Listing Date | 22 September 2023 |
Zaggle Prepaid Ocean Services Ltd IPO Details
| Zaggle Prepaid Ocean Services Ltd IPO Date | 14 September 2023 to 18 September 2023 |
| Zaggle Prepaid Ocean Services Ltd IPO Face Value | ₹1 per share |
| Zaggle Prepaid Ocean Services Ltd IPO Price | ₹156 to ₹164 per share |
| Zaggle Prepaid Ocean Services Ltd IPO Lot Size | 90 |
| Issue Size | Shares of ₹1 (aggregating up to ₹563.38 Cr) |
| Fresh Issue | Shares of ₹1 (aggregating up to ₹392 Cr) |
| Offer for Sale | Shares of ₹1 (aggregating up to ₹171.38 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 1,04,32,256 of the Net Offer |
| Retail Shares Offered | Not less than 35,57,802 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 53,36,703 of the Net Offer |
| Company Promoters | Raj P Narayanam, Avinash Ramesh Godkhindi |
Zaggle Prepaid Ocean Services Ltd IPO Lot Size
The Zaggle Prepaid Ocean Services Ltd IPO lot size is 90 shares. A retail-individual investor can apply for up to 13 lots (1,170 shares or ₹1,91,880).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 90 | ₹14,760 |
| Maximum | 13 | 1,170 | ₹1,91,880 |
- Strengths
- Risks
- Opportunities
- Differentiated SaaS-based fintech platform, offering a combination of payment instruments, mobile application and API integrations;
- In-house developed technology and strong network effect;
- Business model with diverse sources of revenue and low customer acquisition and retention costs;
- Diversified customer relationships across sectors along with preferred banking and merchant partnerships; and
- Seasoned management team with deep domain expertise supported by a professional workforce.
Company Financials
Zaggle Prepaid Ocean Services Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 696.14 | 786.87 | 44.02 |
| 03-2023 | 234.76 | 554.58 | 22.90 |
| 03-2022 | 92.65 | 371.66 | 41.92 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Expenditure towards customer acquisition and retention
- Expenditure towards development of technology & products
- Repayment/pre-payment of certain borrowings, in full or part availed by the company
- General corporate purposes
Zaggle Prepaid Ocean Services Ltd IPO Promoter Holding
| Pre Issue Share Holding | 48.56% |
| Post Issue Share Holding | 37.8% |
Zaggle Prepaid Ocean Services Ltd IPO Subscription Status (Bidding Detail)
The Zaggle Prepaid Ocean Services Ltd IPO is subscribed 12.57 times on 18 September 2023 05:00:00 PM. The public issue subscribed 5.94 times in the retail category, 16.73 times in the QIB category, and 8.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 16.73 | 8.85 | 5.94 | - | 12.57 |
Zaggle Prepaid Ocean Services Ltd IPO Prospectus
Zaggle Prepaid Ocean Services Ltd IPO Listing Date
| Listing Date | 22 September 2023 |
| BSE Script | 543985 |
| NSE Symbol | ZAGGLE |
| Listing In | BSE, NSE |
| ISIN | INE07K301024 |
| IPO Price | ₹164 |
| Face Value | ₹1 |
Company Contact Information
301 III Floor CSR Estate PlotNo.8 Sector 1 HUDA Techno Enc.,Hyderabad-500081
Phone: 91-40-23119049
Email: haripriya.singh@zaggle.in
Website: www.zaggle.in
Zaggle Prepaid Ocean Services Ltd IPO Registrar
Zaggle Prepaid Ocean Services Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- Equirus Capital Pvt Ltd
- IIFL Securities Ltd
- JM Financial Ltd
FAQ
What is the issue size of Zaggle Prepaid Ocean Services Ltd IPO?
I have pre-applied for Zaggle Prepaid Ocean Services Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.