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Zaggle Prepaid Ocean Services Ltd.

Zaggle Prepaid Ocean Services Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹164
₹164
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹164
Based on GMP
Min. Investment
₹14,760
1 lot × 90 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
14 Sep 2023
Close Date
18 Sep 2023
Allotment
22 Sep 2023
Listing Date
22 Sep 2023
Exchange
NSE & BSE
Price Band
₹164
Listing Price
See chart
Allotment Status
Price Band
₹164
Per share
Face Value
₹1 per share
 
Lot Size
90 Shares
per lot
Issue Size
3,43,52,255 shares (aggregating up to ₹563.38 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,760
1 lot
Post-IPO Holding
12,20,96,758 shares
Promoters
P/E (Pre)
66.67x
 
P/E (Post)
87.23x
 
EPS (Pre)
₹2.46
 
UPI Deadline
2023-09-18
Mandate
Anchor AllotmentWed, 13 Sep 2023
Basis of AllotmentFri, 22 Sep 2023
Refund InitiationMon, 25 Sep 2023
Demat CreditTue, 26 Sep 2023
Listing DayFri, 22 Sep 2023
UPI Mandate Deadline2023-09-18
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares2,39,02,439 shares (aggregating up to ₹392.00 Cr)
Offer for Sale1,04,49,816 shares of ₹1 (aggregating up to ₹171.38 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Zaggle Prepaid Ocean Services Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 18 Sep 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
34,352,255
100% ₹563.38
IPO Shares Offered
Zaggle Prepaid Ocean Services Ltd. IPO total issue size: ₹563.38 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 34,352,255 ₹563.38
100.00%
* Based on upper price band ₹164 per share
Lot Size & Investment
Lot Size
90
Shares per Lot
Issue Price
₹164.00
Upper Band
Min Investment
₹14,760
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2180₹29,520
Retail (Max — 13 Lots)131,170₹191,880
S-HNI (Min — 14 Lots)141,260₹206,640
B-HNI (Min — 68 Lots)686,120₹1,003,680
* Issue Price ₹164 × Lot Size 90 shares
IPO Schedule
Anchor
13 Sep 2023
✓ Done
IPO Open
14 Sep 2023
✓ Done
IPO Close
18 Sep 2023
✓ Done
Allotment
22 Sep 2023
✓ Done
Refunds
25 Sep 2023
✓ Done
Demat Credit
26 Sep 2023
✓ Done
Listing Day
22 Sep 2023
✓ Done
Zaggle Prepaid Ocean Services Ltd. — Live Price LIVE
₹164.00
INR · BSE
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Issue ₹164.00 Live Price
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:Propel: a corporate SaaS platform for channel rewards and incentives, employee rewards and recognitionSave: a SaaS-based platform and a mobile application that offers expense management solutions for business spend management facilitating digitized employee reimbursements and tax benefits.CEMS: a customer engagement management system that enables merchants to comprehensively manage their customer experiences including rewarding merchants through gift card and loyalty benefits.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.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.
Objects of the Issue
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.
Zaggle Prepaid Ocean Services Ltd. Financials (Amount in Crore)
Revenue from Operations
N/A
FY 2022-23
N/A
FY 2023-24
₹554.6
31 Mar 2023
Profit After Tax (PAT)
N/A
FY 2022-23
N/A
FY 2023-24
₹22.9
31 Mar 2023
Particulars31 Mar 2023FY 2023-24FY 2022-23
Revenue from Operations 554.58 N/A N/A
EBITDA N/A N/A N/A
Profit After Tax (PAT) 22.90 N/A N/A
Net Worth 48.75 N/A N/A
Total Assets 234.76 N/A N/A
Reserves & Surplus 39.36 N/A N/A
Borrowings 121.07 N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoE
46.98%
RoNW
46.98%
Debt/Equity
2.48
Issue Structure & Shareholding
Total Shares Offered3,43,52,255 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter HoldingN/A
Post-Issue Promoter Holding12,20,96,758 shares
P/BV RatioN/A
RoE46.98%
RoCEN/A
Debt / Equity2.48
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
ICICI Securities Ltd.
Equirus Capital Pvt.Ltd.
IIFL Capital Services Ltd.
JM Financial Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Zaggle Prepaid Ocean Services Ltd. IPO subscribed?

Zaggle Prepaid Ocean Services Ltd. IPO is subscribed 1.00 times by Sep 18, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Zaggle Prepaid Ocean Services Ltd. IPO retail subscription status?

The Zaggle Prepaid Ocean Services Ltd. IPO retail category is subscribed 1.00 times as of 18 Sep 2023. The retail portion is oversubscribed.

How to subscribe Zaggle Prepaid Ocean Services Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 14 Sep 2023 and closes 18 Sep 2023. Min investment: ₹14,760 (1 lot = 90 shares). UPI mandate: 2023-09-18.

How many times Zaggle Prepaid Ocean Services Ltd. IPO subscribed?

The Zaggle Prepaid Ocean Services Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Zaggle Prepaid Ocean Services Ltd. IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 22 Sep 2023. Refunds: on 25 Sep 2023.

When Zaggle Prepaid Ocean Services Ltd. IPO will be listed?

The Zaggle Prepaid Ocean Services Ltd. IPO listing date is 22 Sep 2023, Friday. Listed on: NSE & BSE. Issue price: ₹164. Estimated listing: ₹164. GMP: NIL.

When Zaggle Prepaid Ocean Services Ltd. IPO close?

The Zaggle Prepaid Ocean Services Ltd. IPO closes on 18 Sep 2023, Monday. UPI mandate: 2023-09-18. Allotment: 22 Sep 2023. Listing: 22 Sep 2023.