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Zaggle Prepaid Ocean Services Ltd

IT - Software

Offer Period :

14th to 18th Sep 2023

Established in 2011, Zaggle Prepaid Ocean Services offers fintech and SaaS solutions for corporate expense management, rewards, and payroll. With 7 offices across India, 250+ employees, Read more... and a clientele including TATA Steel and Hiranandani Group, the company serves 1750+ clients and 1.7 million users as of fiscal 2023.Read less

Zaggle Prepaid Ocean Services Ltd IPO Details

IPO Date 14th to 18th Sep 2023 Minimum Investment ₹14760 / 1 Lots
Listing Date 2023-09-22 Maximum Investment ₹191880 / 13 Lots
Face Value ₹1 per share Total Issue Size ₹563.38 Crores
Price ₹164 to ₹164 per share Fresh Issue ₹392 Crores
Lot Size 1 Lots (90 Shares) Offer For Sale ₹ 171.38
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 14th to 18th Sep 2023
Listing Date 2023-09-22
Face Value ₹1 per share
Price ₹164 to ₹164 per share
Lot Size 1 Lots (90 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14760 / 1 Lots
Maximum Investment ₹191880 / 13 Lots
Total Issue Size ₹563.38 Crores
Fresh Issue ₹392 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

14th Sep

IPO Starts

18th Sep

IPO Ends

22nd Sep

Allotment Date

25th Sep

Initiation of Refund

26th Sep

Credit of Shares to Demat Account

22nd Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 57.91 0
Public Group 42.09 0

Zaggle Prepaid Ocean Services Ltd IPO Reservation

QIB Shares Offered 10305676(30%)
NII (HNI) Shares Offered 5152838(15%)
Retail Shares Offered 3435226(10%)
Anchor Investor Shares Offered 15458515(45%)
Total Shares Offered 34352256
Total Shares With Anchor Investor 34352256

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Zaggle Prepaid Ocean Services Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id zaggle.ipo@kfintech.com
Our Website www.kfintech.com

Zaggle Prepaid Ocean Services Ltd IPO Lead Manager

1. ICICI Securities Ltd

2. Equirus Capital Pvt Ltd

3. IIFL Securities Ltd

4. JM Financial Ltd

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Zaggle Prepaid Ocean Services Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Zaggle Prepaid Ocean Services Ltd

1. Differentiated SaaS-based fintech platform, offering a combination of payment instruments, mobile application and API integrations;

2. In-house developed technology and strong network effect;

3. Business model with diverse sources of revenue and low customer acquisition and retention costs;

4. Diversified customer relationships across sectors along with preferred banking and merchant partnerships; and

5. Seasoned management team with deep domain expertise supported by a professional workforce.

Risks Involved

1. The company recent revenue growth rates may not be indicative of its future financial performance. The company has limited operating history at its current scale. Failure to effectively manage the company growth could materially and adversely affect the success of its business and/or impact the company margins.

2. Laws and regulation governing its business and operations may continue to change and evolve and the introduction of new laws and regulation applicable to the company business may adversely affect its financial condition, results of operations and profitability.

3. The company may be unable to retain existing Customers, attract new Customers, convert Customers using its beta or trial versions into paying Customers, or expand usage of the company products within or across Customer organizations.

4. The company is dependent on third-party payment networks to operate its prepaid card business.

5. A substantial portion of its revenue is generated by Program Fees through the company arrangements with its banking partners. The businesses of its banking partners are regulated by the RBI and any change in the RBI's policies, decisions and regulatory framework could adversely affect its business, cash flows, results of operations and financial condition.

6. The company recognise revenue over the term of the contracts with its Customers. Consequently, downturns in sales may not be immediately reflected in its operating results until one or more quarters following the actual decrease in sales.

7. The Company does not have any listed industry peers in India or abroad.

8. Failure to effectively develop and expand the company direct sales capabilities could affect its ability to expand usage of the company products within its Customer base and achieve broader market acceptance of its products.

9. The company success depends on the company ability to develop and maintain successful relationships with channel partners.

10. The company may be unable to successfully integrate its products with software applications that are developed by others, including the company partners, thereby adversely affecting the adoption and usage of its products.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023
Total Assets 696.14 234.76
Total Liabilities 696.14 234.76
Total Expenses 727.09 524.56
Total Revenue 
786.87 556.2
Profit After Tax 44.02 22.9
EBITDA 81.86 49.21
Adjusted EBITDA 0 0

Zaggle Prepaid Ocean Services Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-09-22 543985 ZAGGLE
INE07K301024
₹164 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹164 ₹164
Open ₹162 ₹164
Low ₹155.6 ₹155.3
High ₹176 ₹176
Low ₹155.6 ₹155.3

Frequently Asked Questions

What is Zaggle Prepaid Ocean Services Ltd IPO?

Answer Field

Zaggle Prepaid Ocean Services Ltd IPO is a Mainboard IPO of 3,43,52,256 equity shares of a face value of ₹1 aggregating up to ₹563.38 Crores. The issue is priced at ₹164 to ₹164 per share. The minimum order quantity is 90 Shares. The IPO opens on September 14, 2023, and closes on September 18, 2023. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Zaggle Prepaid Ocean Services Ltd IPO will open?

Answer Field

The Zaggle Prepaid Ocean Services Ltd IPO opens on September 14, 2023 and closes on September 18, 2023.

What is the lot size of Zaggle Prepaid Ocean Services Ltd?

Answer Field

Zaggle Prepaid Ocean Services Ltd lot size is 90 shares, and the minimum amount required is ₹14,760.

How to apply for Zaggle Prepaid Ocean Services Ltd IPO?

Answer Field

You can apply in Zaggle Prepaid Ocean Services Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Zaggle Prepaid Ocean Services Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Zaggle Prepaid Ocean Services Ltd IPO will be done on September 22, 2023, and the allotted shares will be credited to your demat account by September 26, 2023.

When is Zaggle Prepaid Ocean Services Ltd IPO listing date?

Answer Field

The Zaggle Prepaid Ocean Services Ltd listing date is September 22, 2023.

Who is the registrar of Zaggle Prepaid Ocean Services Ltd IPO?

Answer Field

The registrar of Zaggle Prepaid Ocean Services Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ICICI Securities Ltd,Equirus Capital Pvt Ltd,IIFL Securities Ltd,JM Financial Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Zaggle Prepaid Ocean Services Ltd IPO?

Answer Field

The fresh issue size is ₹392 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Zaggle Prepaid Ocean Services Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 90 shares and ₹14,760 amount.

How can I approve the UPI mandate request for Zaggle Prepaid Ocean Services Ltd IPO?

Answer Field

To apply for Zaggle Prepaid Ocean Services Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Zaggle Prepaid Ocean Services Ltd?

Answer Field

The price of each Zaggle Prepaid Ocean Services Ltd share will be ranging in between ₹164 to ₹164 per share.

What is the cut-off time for the UPI mandate for Zaggle Prepaid Ocean Services Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 18, 2023.

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