{"id":4994,"date":"2023-09-11T11:08:02","date_gmt":"2023-09-11T05:38:02","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=4994"},"modified":"2023-09-13T16:32:45","modified_gmt":"2023-09-13T11:02:45","slug":"zaggle-prepaid-ocean-services-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/zaggle-prepaid-ocean-services-ipo-details\/","title":{"rendered":"Zaggle Prepaid Ocean Services IPO Details (Zaggle Prepaid Ocean Services Limited IPO Details)"},"content":{"rendered":"\n<p><strong>Zaggle Prepaid Ocean Services<\/strong> <strong>IPO Price: <\/strong>\u20b9156 to \u20b9164 per share<strong><br>IPO Date Range:<\/strong> Sep 14, 2023 - Sep 18, 2023<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:35%\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/09\/Zaggle-Prepaid-Ocean-Services-Logo.png\" alt=\"Zaggle Prepaid Ocean Services IPO\" class=\"wp-image-4995\" style=\"width:244px;height:173px\" width=\"244\" height=\"173\"\/><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:65%\">\n<p>Founded in 2011, Zaggle Prepaid Ocean Services Limited has carved a niche in the fintech sector by offering innovative products and services to manage corporate business expenses. Their automated and state-of-the-art workflows have garnered attention in various sectors, including banking, finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile industries.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Diverse Product Portfolio: Zaggle Prepaid Ocean Services IPO<\/h2>\n\n\n\n<p>&nbsp;Zaggle's offerings are not just limited to one or two products. They have a range of fintech and SaaS products designed for different purposes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Propel:<\/strong>&nbsp;A corporate SaaS platform tailored for channel rewards, incentives, and employee recognition.<\/li>\n\n\n\n<li><strong>Save:<\/strong>&nbsp;A unique platform complemented by a mobile application focusing on business spend management. It digitalizes employee reimbursements and offers tax benefits.<\/li>\n\n\n\n<li><strong>CEMS:<\/strong>&nbsp;The Customer Engagement Management System is a platform that allows merchants to enhance their customer experiences. This includes rewarding merchants through gift cards and loyalty benefits.<\/li>\n\n\n\n<li><strong>Zaggle Payroll Card:<\/strong>&nbsp;An innovative prepaid payroll card solution. It's designed for customers to pay various employees, contractors, consultants, seasonal workers, or unbanked-wage workers. It offers an alternative to traditional payment methods.<\/li>\n\n\n\n<li><strong>Zoyer:<\/strong>&nbsp;A data-driven, SaaS-based business spend management platform. It's embedded with automated finance capabilities, especially in core invoice-to-pay workflows.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Clientele and Presence: Zaggle Prepaid Ocean Services IPO<\/h2>\n\n\n\n<p>Zaggle's impressive client list includes renowned names like TATA Steel, Persistent Systems, Inox, and many more. As of 2023, they have a strong presence with over 250 employees, and 7 offices across India, catering to more than 1750 customers, and serving over 1.7 million end users.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-background has-medium-font-size\" style=\"background:linear-gradient(115deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);font-style:normal;font-weight:700\">Bidding Starts In<\/h2>\n\n\n\n<div class=\"wp-block-uagb-countdown uagb-block-3d225132\"><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-days\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-days\">-<\/div><div class=\"wp-block-uagb-countdown__label\">DAYS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-hours\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-hours\">-<\/div><div class=\"wp-block-uagb-countdown__label\">HOURS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-minutes\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-minutes\">-<\/div><div class=\"wp-block-uagb-countdown__label\">MINUTES<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-seconds\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-seconds\">-<\/div><div class=\"wp-block-uagb-countdown__label\">SECONDS<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-marketing-button uagb-marketing-btn__align-center uagb-marketing-btn__align-text-center uagb-marketing-btn__icon-after uagb-block-5217ab29 wp-block-button\"><a href=\"https:\/\/lakshmishree.com\/ipo\/\" class=\"uagb-marketing-btn__link wp-block-button__link\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"uagb-marketing-btn__title\">APPLY NOW<\/span><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><path d=\"M384 320c-17.67 0-32 14.33-32 32v96H64V160h96c17.67 0 32-14.32 32-32s-14.33-32-32-32L64 96c-35.35 0-64 28.65-64 64V448c0 35.34 28.65 64 64 64h288c35.35 0 64-28.66 64-64v-96C416 334.3 401.7 320 384 320zM488 0H352c-12.94 0-24.62 7.797-29.56 19.75c-4.969 11.97-2.219 25.72 6.938 34.88L370.8 96L169.4 297.4c-12.5 12.5-12.5 32.75 0 45.25C175.6 348.9 183.8 352 192 352s16.38-3.125 22.62-9.375L416 141.3l41.38 41.38c9.156 9.141 22.88 11.84 34.88 6.938C504.2 184.6 512 172.9 512 160V24C512 10.74 501.3 0 488 0z\"><\/path><\/svg><p class=\"uagb-marketing-btn__prefix\">Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Zaggle Prepaid Ocean Services IPO Specifics:<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Date<\/td><td>September 14, 2023 to September 18, 2023<\/td><\/tr><tr><td>Listing Date<\/td><td>Thursday, September 28, 2023<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b91 per share<\/td><\/tr><tr><td>Price<\/td><td>\u20b9156 to \u20b9164 per share<\/td><\/tr><tr><td>Lot Size<\/td><td>90 Shares<\/td><\/tr><tr><td>Total Issue Size<\/td><td>34,352,255 shares<br>(aggregating up to \u20b9563.38 Cr)<\/td><\/tr><tr><td>Fresh Issue<\/td><td>[.] shares<br>(aggregating up to \u20b9392.00 Cr)<\/td><\/tr><tr><td>Offer for Sale<\/td><td>10,449,816 shares of \u20b91<br>(aggregating up to \u20b9[.] Cr)<\/td><\/tr><tr><td>Issue Type<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr><tr><td>Share holding pre issue<\/td><td>98,194,319<\/td><\/tr><tr><td>Shareholding post issue<\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Zaggle Prepaid Ocean Services IPO Lot Size<\/h2>\n\n\n\n<p>The minimum lot size to apply in this Zaggle Prepaid Ocean Services IPO consists of 90 shares, requiring an investment of \u20b914,760.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Application<\/th><th>Lots<\/th><th>Shares<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Retail (Min)<\/td><td>1<\/td><td>90<\/td><td>\u20b914,760<\/td><\/tr><tr><td>Retail (Max)<\/td><td>13<\/td><td>1,170<\/td><td>\u20b9191,880<\/td><\/tr><tr><td>S-HNI (Min)<\/td><td>14<\/td><td>1,260<\/td><td>\u20b9206,640<\/td><\/tr><tr><td>S-HNI (Max)<\/td><td>67<\/td><td>6,030<\/td><td>\u20b9988,920<\/td><\/tr><tr><td>B-HNI (Min)<\/td><td>68<\/td><td>6,120<\/td><td>\u20b91,003,680<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Zaggle Prepaid Ocean Services IPO Reservation:<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Anchor Investor Shares Offered<\/td><td><\/td><\/tr><tr><td>QIB Shares Offered<\/td><td>Not less than 75.00% of the Net offer<\/td><\/tr><tr><td>NII (HNI) Shares Offered<\/td><td>Not more than 15.00% of the Offer<\/td><\/tr><tr><td>Retail Shares Offered<\/td><td>Not more than 10.00% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Zaggle Prepaid Ocean Services IPO Timetable (Important Dates):<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Open Date<\/td><td>Thursday, September 14, 2023<\/td><\/tr><tr><td>IPO Close Date<\/td><td>Monday, September 18, 2023<\/td><\/tr><tr><td>Basis of Allotment<\/td><td>Friday, September 22, 2023<\/td><\/tr><tr><td>Initiation of Refunds<\/td><td>Monday, September 25, 2023<\/td><\/tr><tr><td>Credit of Shares to Demat<\/td><td>Tuesday, September 26, 2023<\/td><\/tr><tr><td>Listing Date<\/td><td>Wednesday, September 27, 2023<\/td><\/tr><tr><td>Cut-off time for UPI mandate confirmation<\/td><td>5 PM on September 18, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-uagb-advanced-heading uagb-block-b994fb1e\"><h2 class=\"uagb-heading-text\">Don't Miss Out!<\/h2><div class=\"uagb-separator\"><\/div><p class=\"uagb-desc-text\">Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 is-style-fill\"><a class=\"wp-block-button__link has-vivid-red-background-color has-background has-text-align-center wp-element-button\" href=\"https:\/\/lakshmishree.com\/ipo\/\" target=\"_blank\" rel=\"noreferrer noopener\">APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Zaggle Prepaid Ocean Services IPO Financial Information<\/h2>\n\n\n\n<p>As of March 31, 2023, the company's assets stood at \u20b9234.76 crores, with a revenue of \u20b9554.58 crores. The profit after tax for the same period was \u20b922.90 crores. Here, you can get the complete data of the past three years:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Period Ended<\/th><th>31 Mar 2023<\/th><\/tr><\/thead><tbody><tr><td>Assets<\/td><td>234.76<\/td><\/tr><tr><td>Revenue<\/td><td>554.58<\/td><\/tr><tr><td>Profit After Tax<\/td><td>22.90<\/td><\/tr><tr><td>Net Worth<\/td><td>48.75<\/td><\/tr><tr><td>Reserves and Surplus<\/td><td>39.36<\/td><\/tr><tr><td>Total Borrowing<\/td><td>121.07<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><small>Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Key Performance Indicator - Zaggle Prepaid Ocean Services Limited IPO<\/h2>\n\n\n\n<p>The market capitalization of Zaggle Prepaid Ocean Services Limited IPO stands at Rs 2002 Crore, with a P\/E ratio of 66.67.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>KPI<\/th><th>Values<\/th><\/tr><\/thead><tbody><tr><td>P\/E (x)<\/td><td>66.67<\/td><\/tr><tr><td>Market Cap (\u20b9 Cr.)<\/td><td>2002<\/td><\/tr><tr><td>ROE<\/td><td>46.98%<\/td><\/tr><tr><td>ROCE<\/td><td><\/td><\/tr><tr><td>Debt\/Equity<\/td><td>2.48<\/td><\/tr><tr><td>EPS (Rs)<\/td><td>2.46<\/td><\/tr><tr><td>RoNW<\/td><td>46.98%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Objects of the Issue:<\/strong><\/h2>\n\n\n\n<p>Zaggle Prepaid Ocean Services Limited IPO plans to utilize the net proceeds from the IPO for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Enhancing customer acquisition and retention.<\/li>\n\n\n\n<li>Investing in the development of technology and products.<\/li>\n\n\n\n<li>Repaying or pre-paying certain borrowings, either fully or partially.<\/li>\n\n\n\n<li>Addressing general corporate needs.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prospectus Links:<\/strong><\/h2>\n\n\n\n<p><strong>Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. <a href=\"https:\/\/www.icicisecurities.com\/Upload\/ArticleAttachments\/Zaggle%20Prepaid%20Ocean%20Services%20Limited%20-%20Draft%20Red%20Herring%20Prospectus.pdf\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.icicisecurities.com\/Upload\/ArticleAttachments\/Zaggle%20Prepaid%20Ocean%20Services%20Limited%20-%20Draft%20Red%20Herring%20Prospectus.pdf\" rel=\"noreferrer noopener\">Zaggle Prepaid Ocean Services IPO DRHP<\/a> and <a href=\"https:\/\/cdn.zaggle.in\/images\/web\/zaggle\/pdf\/investor-relations\/RHP\/zaggle-investing-rhp.pdf\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/cdn.zaggle.in\/images\/web\/zaggle\/pdf\/investor-relations\/RHP\/zaggle-investing-rhp.pdf\" rel=\"noreferrer noopener\">Zaggle Prepaid Ocean Services IPO RHP<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Frequently Asked Questions<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-e0c8c4f4\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1693390748634\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390791940\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Why do companies go public with an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390691805\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is the price range for the \"Zaggle Prepaid Ocean Services\" IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The price range for the \"Zaggle Prepaid Ocean Services\" IPO is \u20b9156 to \u20b9164 per share.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390728061\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">When will the \"Zaggle Prepaid Ocean Services\" IPO be listed on the stock exchange?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The \"Zaggle Prepaid Ocean Services\" IPO is expected to be listed on Wednesday, September 27, 2023.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390318021\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How to apply for an IPO with Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>To apply for an IPO with Lakshmishree:<br \/>Go to www.lakshmishree.com\/ipo<br \/>Select the desired IPO and fill in the required details.<br \/>Confirm your application and make the payment.<br \/>Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390631857\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Zaggle Prepaid Ocean Services IPO Price: \u20b9156 to \u20b9164 per shareIPO Date Range: Sep 14, 2023 - Sep 18, 2023 Founded in 2011, Zaggle Prepaid Ocean Services Limited has carved a niche in the fintech sector by offering innovative products and services to manage corporate business expenses. Their automated and state-of-the-art workflows have garnered attention [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"class_list":["post-4994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/4994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=4994"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/4994\/revisions"}],"predecessor-version":[{"id":5018,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/4994\/revisions\/5018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/5004"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=4994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=4994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=4994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}