Zaggle IPO is Live

Discover key details about Zaggle Prepaid Ocean Services Limited IPO - the opening and closing dates, price band, lot size, and more.

About Zaggle IPO

Since 2011, Zaggle Prepaid Ocean Services has offered innovative fintech & SaaS solutions for expense, rewards, and engagement management in various industries.

IPO Details

IPO Date: 14th Sep - 18th Sep 2023 Total Issue Size: Rs. 563.38 Crore Price Band: Rs. 156-164 per share Lot Size: 90 Shares in each lot Allotment Date: 22nd September 2023 Listing Date: 27th September 2023 Minimum Investment: Rs, 14,760

Strengths of the IPO

· Unique SaaS-based fintech platform with payment options, apps, APIs · In-house tech, robust network base · Efficient revenue model, low acquisition, and retention costs

Risks Involved

· Limited operating history may impact future performance. · Subscription-based model poses customer retention risk. · Reliance on third-party providers is a potential vulnerability.

· Customer acquisition and retention expenses · Technology and product development · Repayment/prepayment of borrowings · General corporate purposes

IPO Objective