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Home All IPOs Zaggle Prepaid Ocean Services Ltd. IPO
Zaggle Prepaid Ocean Services Ltd. IPO
NSE & BSE Bookbuilding IPO Fresh Capital-cum-Offer for Sale Closed Live Chart
GMP +₹0 +0% Est. Listing ₹164
Issue Price
₹164
Face ₹1
GMP
+₹0
+0% premium
Est. Listing
₹164
GMP based
Lot Size
90
shares / lot
Min Amount
₹14,760
1 lot · 90 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
14 Sep 2023
Thu Completed
Done
Close Date
18 Sep 2023
Mon Completed
Done
Allotment
22 Sep 2023
Fri Completed
Done
Refund
25 Sep 2023
Mon Completed
Done
Demat Credit
26 Sep 2023
Tue Completed
Done
Listing Date
22 Sep 2023
Fri Completed
UPI Deadline: 18 Sep 2023
Issue Details
Pricing & Size
Issue Price
₹164 Face ₹1
Lot Size
90 shares
Min Investment
₹14,760
Total Issue Size
3,43,52,255 shares (aggregating up to ₹563.38 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital-cum-Offer for Sale
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
2,57,64,192 (75.00%)
NII / HNI
51,52,838 (15.00%)
Retail
34,35,225 (10.00%)
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
-
Post-Issue Shareholding
12,20,96,758 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 90 ₹14,760
HNI / NII 14 1,260 ₹2,06,640
bHNI / bNII 68 6,120 ₹10,03,680
Objects of Issue
4 objectives
1
Expenditure towards Customer acquisition and retention.
2
Expenditure towards the development of technology and products.
3
Repayment/ pre-payment of certain borrowings, in full or part, availed by the company.
4
General corporate purposes.
Lead Managers & Market Maker
Book Running Lead Managers
ICICI Securities Ltd.
Equirus Capital Pvt.Ltd.
IIFL Capital Services Ltd.
JM Financial Ltd.
IPO Timeline
Open
14 Sep
✓ Done
Close
18 Sep
✓ Done
Allotment
22 Sep
✓ Done
Listing
22 Sep
✓ Done
Registrar Details
Kfin Technologies Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
04067162222, 04079611000
Email
zaggle.ipo@kfintech.com
Company Contact
Email
haripriya.singh@zaggle.in
Phone
+91 40 2311 9049
Address
301, III Floor, CSR Estate, Plot No.8, Sector 1, HUDA Techno Enclave, Madhapur Main Road, Hyderabad, Rangareddi - 500 081 Hyderabad, Telangana
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹164
Est. Listing
₹164
Lot Size
90 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Zaggle Prepaid Ocean Services Ltd. LIVE
INR ·
vs Issue
Open
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Mkt Cap
P/E
52W H
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| Price
Market Reference
IPO Issue Price
₹164
GMP
+₹0 (+0%)
GMP Est. Listing
₹164
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 2,57,64,192 (75.00%) ₹42,253.28 Cr
NII / HNI (Total) 51,52,838 (15.00%) ₹8,450.65 Cr
Retail Investors 34,35,225 (10.00%) ₹5,633.77 Cr
Total ** 3,43,52,255 (100.00%) ₹563,376.98 Cr
* Based on ₹164.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
2,57,64,192 (75.00%)
NII
51,52,838 (15.00%)
Retail
34,35,225 (10.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Crore
Metric31 Mar 2023
Revenue554.58
PAT22.90
EBITDA
Net Worth48.75
Total Assets234.76
Reserves39.36
Borrowings121.07
Key Financial Ratios
46.98%
ROE
Return on Equity
46.98%
RONW
Return on Net Worth
2.48
D/E Ratio
Debt to Equity
2.46
Pre EPS
EPS Pre-Issue
66.67
Pre P/E
P/E Pre-Issue
87.23
Post P/E
P/E Post-Issue
About Zaggle Prepaid Ocean Services Ltd.

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:

  1. Propel: a corporate SaaS platform for channel rewards and incentives, employee rewards and recognition
  2. Save: a SaaS-based platform and a mobile application that offers expense management solutions for business spend management facilitating digitized employee reimbursements and tax benefits.
  3. CEMS: a customer engagement management system that enables merchants to comprehensively manage their customer experiences including rewarding merchants through gift card and loyalty benefits.
  4. Zaggle Payroll Card: a prepaid payroll card that allows customers to pay contractors, consultants, seasonal and temporary employees, and unbanked wage workers as an alternative to direct deposits to bank accounts or cash payments.
  5. Zoyer: an integrated data-driven, SaaS-based business spend management platform with embedded automated finance capabilities in core invoice-to-pay workflows.

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.

Frequently Asked Questions
What is the issue price of Zaggle Prepaid Ocean Services Ltd. IPO?
The issue price of Zaggle Prepaid Ocean Services Ltd. IPO is ₹164 per share, face value ₹1.
What is the lot size?
Minimum lot size is 90 shares, requiring ₹14,760.
What are the IPO dates?
Opens 14 Sep 2023, closes 18 Sep 2023.
When is the listing date?
Tentative listing: 22 Sep 2023 on NSE & BSE.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹164 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Zaggle Prepaid Ocean Services Ltd. IPO · Expected 22 Sep 2023

Check on Registrar
Post-IPO Timeline
Allotment Date
22 Sep 2023
Refund Initiation
25 Sep 2023
Demat Credit
26 Sep 2023
Listing Date
22 Sep 2023
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹164
Face ₹1
Lot Size
90
shares / lot
Min Amount
₹14,760
1 lot
Est. Listing
₹164
GMP +₹0
Key Dates
Open
14 Sep Done
Close
18 Sep Done
Listing
22 Sep Done
Registrar
Kfin Technologies Ltd.
A
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