The financial solutions company Zaggle Prepaid Ocean Services IPO will be hit the market 14 September 2023 and closes on 18 September 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹563.38 crore through IPO. The company will issue fresh shares of ₹392.00 crores through this IPO and will issue shares through offer for sale of ₹171.38 crores.
The company has reserved 75% for QIB, 15% for NII and 10% for Retail Investor in this IPO.
Zaggle builds world-class financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows. The company operate in the business-to-business-to-customer (“B2B2C”) segment and are among a small number of uniquely positioned players with a diversified offering of fintech products and services. You can check Zaggle Prepaid Ocean Services IPO GMP here.
The company largest number of issued prepaid cards in India, a diversified portfolio of SaaS, including tax and payroll software, and a wide touchpoint reach. The company has over 250 employees, 7 offices across India, more than 1750 customers, and over 1.7 million end users.
The company combine our unified SaaS-based platform with a comprehensive product stack that digitizes business and employee spend management and rewards for businesses, along with our offering of payment instruments, such as the Zaggle Payroll Card, Kuber Gift Card, and Zinger Multi-wallet Card. you can check Zaggle Prepaid IPO allotment status here.
The company core product portfolio include:
- Propel: a corporate SaaS platform for channel rewards and incentives, employee rewards and recognition
- 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.
- 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
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The company network of corporate customers (“Customers”) covers the banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure and automobile industries, among others, relationships with brands such as TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP – Sanjiv Goenka Group), Hiranandani group, Cotiviti and Greenply Industries. You can check Zaggle Prepaid Ocean Services IPO subscription status here.
Object Of the Issue :
- Expenditure towards Customer acquisition and retention.
- Expenditure towards development of technology and products.
- Repayment or prepayment of certain borrowings, in full or part, availed by our Company.
- General corporate purposes.
Company Strengths :
- 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
- Seasoned management team with deep domain expertise supported by a professional workforce
Zaggle Prepaid Ocean Services IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹22.90 Cr ₹164 Per Shares 2.46 -2.86x 46.98 % 46.98 % N/A % 2.48 ₹5.29 ₹234.76 Cr ₹2002.38 Cr 57.91 % – % |
| Team Review : | ✔ Apply For Long Term |
Zaggle Prepaid Ocean Services IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 14 September 2023 |
| IPO Close : | 18 September 2023 |
| Face Value : | ₹1 Equity Share |
| Price Band : | ₹156 – ₹164 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹563.38 Cr {34,352,255 Shares} |
| Fresh Issue : | ₹392.00 Cr {23,902,439 Shares} |
| Offer For Sale : | ₹171.38 Cr {10,449,816 Shares} |
Zaggle Prepaid Ocean Services IPO Market Lot :
Zaggle Prepaid Ocean Services IPO Minimum Market lot is 1 Lot with 90 shares with ₹14,760 Application amount. The retail investors can apply up to 13 lots with 1170 Shares or ₹191,880 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 90 | ₹14,760 |
| Retail Maximum : | 13 | 1170 | ₹191,880 |
| S-HNI Minimum : | 14 | 1260 | ₹206,640 |
| S-HNI Maximum : | 67 | 6030 | ₹988,920 |
| B- HNI Minimum : | 68 | 6120 | ₹1,003,680 |
Zaggle Prepaid Ocean Services IPO Shares Offer :
A Total of 34,352,255 shares are to be bid for the public issue by Zaggle Prepaid Ocean Services IPO with 23,902,439 for Fresh issue and 10,449,816 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | 23,902,439 | ₹392.00 Cr |
| Offer For Sale : | 10,449,816 | ₹171.38 Cr |
| Total : | 34,352,255 | ₹563.38 Cr |
Zaggle Prepaid Ocean Services IPO Reservation :
Zaggle Prepaid Ocean Services IPO Total Reservation of 34,352,255 shares are to be bid for the public issue by Zaggle Prepaid Ocean Services IPO with 25,764,191 for QIB and 5,152,838 for NII 3,435,225 For RII.
| Category | Reservation | Shares | Amount |
| QIB : | 75% | 25,764,191 | ₹422.53 Cr |
| NII : | 15% | 5,152,838 | ₹84.51 Cr |
| RII : | 10% | 3,435,225 | ₹56.34 Cr |
| Total : | 100% | 34,352,255 | ₹563.38 Cr |
Zaggle Prepaid Ocean Services IPO EPS & RoNW :
The Zaggle Prepaid Ocean Services company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹2.48 | 46.98 % | ₹5.29 |
| 2022 | ₹4.57 | -1,178.22 % | ₹-0.39 |
| 2021 | ₹2.11 | -42.44 % | ₹-4.94 |
Zaggle Prepaid Ocean Services IPO Peer Comparison PE :
The Zaggle Prepaid Ocean Services, According to RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | N/A | – |
Zaggle Prepaid Ocean Services IPO Dates :
Zaggle Prepaid Ocean Services IPO Date is 14 September 2023 and closes on 18 September 2023. The allotment will be finalized on 22 September2023 and the IPO may list on 27 September2023.
| Anchor Date : | 13 September2023 |
| Open Date : | 14 September2023 |
| Close Date : | 18 September2023 |
| Allotment Date : | 22 September2023 |
| Refund Date : | 25 September2023 |
| Share Credit Date : | 26 September2023 |
| Listing Date : | 27 September2023 |
Zaggle Prepaid Ocean Services IPO Form :
There are two ways to apply in Zaggle Prepaid Ocean Services IPO. You can apply for Zaggle Prepaid Ocean Services IPO through ASBA available in your bank account. You have to go to your online bank login and select Zaggle Prepaid Ocean Services IPO in the Invest section and apply through your bank account. Another option is you can apply for Zaggle Prepaid Ocean Services IPO through IPO form download through NSE and BSE. See the Zaggle Prepaid Ocean Services IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Zaggle Prepaid Ocean Services Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹554.57 | ₹522.94 | ₹22.90 |
| 2022 | ₹371.66 | ₹320.49 | ₹41.92 |
| 2021 | ₹240.29 | ₹220.09 | ₹19.33 |
Company Promoters :
■ Raj P Narayanam, Avinash Ramesh Godkhindi
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Zaggle Prepaid Ocean Services IPO Lead Managers :
■ ICICI Securities Limited
■ Equirus Capital Private Limited
■ IIFL Securities Limited
■ JM Financial Limited
Zaggle Prepaid Ocean Services IPO Registrar :
KFin Technologies Limited
Selenium, Tower-B
Plot 31 and 32, Financial District
Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032
Telangana, India
Telephone: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Note: Check Zaggle Prepaid Ocean Services IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Zaggle Prepaid Ocean Services Limited
301, III Floor, CSR Estate
Plot No.8, Sector 1, HUDA Techno Enclave
Madhapur Main Road, Hyderabad
Rangareddi 500 081
Telangana, India
Telephone: +91 40 2311 9049
E-mail: [email protected]
Website: www.zaggle.in
Zaggle Prepaid Ocean Services IPO FAQs :
What is Zaggle Prepaid Ocean Services IPO?
Zaggle Prepaid Ocean Services IPO is Mainboard IPO. They are going to raise ₹563.38 Crores via IPO. The issue is priced at ₹156-₹164 per equity share. The IPO is to be listed on NSE, BSE.
When Zaggle Prepaid Ocean Services IPO will open?
The IPO is to open on 14 Sep – 18 Sep for QIB, NII & RII.
What is Zaggle Prepaid Ocean Services IPO Size?
Zaggle Prepaid Ocean Services IPO size is ₹563.38 Crores.
What is the Fresh issue size of Zaggle Prepaid Ocean Services IPO?
The Fresh issue size of Zaggle Prepaid Ocean Services IPO ₹392.00 Cr.
What is the Offer For Sale size of Zaggle Prepaid Ocean Services IPO?
The Offer For Sale size of Zaggle Prepaid Ocean Services IPO ₹171.38 Cr.
What is Zaggle Prepaid Ocean Services IPO Price Band?
Zaggle Prepaid Ocean Services IPO Price Band is ₹156-₹164 Per share.
What is Zaggle Prepaid Ocean Services IPO Minimum and Maximum Lot Size?
The minimum 90 Shares with ₹14,760 amount while the maximum 1170 shares with ₹191,880.
What is Zaggle Prepaid Ocean Services IPO Investors Portion?
The investors’ portion for QIB 75%, NII 15%, RII 10%.
What is Zaggle Prepaid Ocean Services IPO Allotment Date?
Zaggle Prepaid Ocean Services IPO allotment date is 22 September 2023.
What is Zaggle Prepaid Ocean Services IPO Listing Date?
Zaggle Prepaid Ocean Services IPO listing date is 27 September 2023. The IPO to list on NSE, BSE.
How to Apply the Zaggle Prepaid Ocean Services IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Zaggle Prepaid Ocean Services IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Zaggle Prepaid Ocean Services IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Zaggle Prepaid Ocean Services IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Zaggle Prepaid Ocean Services IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Zaggle Prepaid Ocean Services IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Zaggle Prepaid Ocean Services IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Zaggle Prepaid Ocean Services IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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