Zaggle Prepaid Ocean Services IPO Price: ₹156 to ₹164 per share
IPO 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 in various sectors, including banking, finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile industries.
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:
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.
| IPO Date | September 14, 2023 to September 18, 2023 |
| Listing Date | Thursday, September 28, 2023 |
| Face Value | ₹1 per share |
| Price | ₹156 to ₹164 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 34,352,255 shares (aggregating up to ₹563.38 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹392.00 Cr) |
| Offer for Sale | 10,449,816 shares of ₹1 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 98,194,319 |
| Shareholding post issue |
The minimum lot size to apply in this Zaggle Prepaid Ocean Services IPO consists of 90 shares, requiring an investment of ₹14,760.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,760 |
| Retail (Max) | 13 | 1,170 | ₹191,880 |
| S-HNI (Min) | 14 | 1,260 | ₹206,640 |
| S-HNI (Max) | 67 | 6,030 | ₹988,920 |
| B-HNI (Min) | 68 | 6,120 | ₹1,003,680 |
| Anchor Investor Shares Offered | |
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
| IPO Open Date | Thursday, September 14, 2023 |
| IPO Close Date | Monday, September 18, 2023 |
| Basis of Allotment | Friday, September 22, 2023 |
| Initiation of Refunds | Monday, September 25, 2023 |
| Credit of Shares to Demat | Tuesday, September 26, 2023 |
| Listing Date | Wednesday, September 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2023 |
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As of March 31, 2023, the company's assets stood at ₹234.76 crores, with a revenue of ₹554.58 crores. The profit after tax for the same period was ₹22.90 crores. Here, you can get the complete data of the past three years:
| Period Ended | 31 Mar 2023 |
|---|---|
| Assets | 234.76 |
| Revenue | 554.58 |
| Profit After Tax | 22.90 |
| Net Worth | 48.75 |
| Reserves and Surplus | 39.36 |
| Total Borrowing | 121.07 |
The market capitalization of Zaggle Prepaid Ocean Services Limited IPO stands at Rs 2002 Crore, with a P/E ratio of 66.67.
| KPI | Values |
|---|---|
| P/E (x) | 66.67 |
| Market Cap (₹ Cr.) | 2002 |
| ROE | 46.98% |
| ROCE | |
| Debt/Equity | 2.48 |
| EPS (Rs) | 2.46 |
| RoNW | 46.98% |
Zaggle Prepaid Ocean Services Limited IPO plans to utilize the net proceeds from the IPO for:
Prospectus: Official documents that provide detailed information about the IPO and the company. Zaggle Prepaid Ocean Services IPO DRHP and Zaggle Prepaid Ocean Services IPO RHP.
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.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the "Zaggle Prepaid Ocean Services" IPO is ₹156 to ₹164 per share.
The "Zaggle Prepaid Ocean Services" IPO is expected to be listed on Wednesday, September 27, 2023.
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