Zaggle Prepaid Ocean Services Limited IPO

Mainboard

Cables - Electricals

Listed On: Sep 22, 2023 at ₹ 164.0(NSE)

₹ 14760 /90 Shares

Check Allotment

Price Summary

Last Closing

435.80 (165.73%)

52 Week High

493.25

52 Week Low

155.30

Last Update

19-Sep-2024 3:30 PM

Zaggle Prepaid Ocean Services Limited IPO Details

14 Sep, 2023

Open Date

18 Sep, 2023

Close Date

21 Sep, 2023

Allotment Date

22 Sep, 2023

Listing Date

Issue Price

₹156-164 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

164.0(NSE)

Listing Date

2023-09-22

Market Lot

Retail : 90 Shares (₹14,760/-)
S-HNI : 1,260 Shares (₹2,06,640/-)
B-HNI : 6,120 Shares (₹10,03,680/-)

Lead Manager

ICICI Securities Limited
Equirus Capital Private Limited
Iifl Securities Ltd
Jm Financial Limited

Issue Size

Total ₹563.38 Cr :
#Fresh Issue : 23,902,439 shares(aggregating up to ₹392.00 Cr) +
#OFS : 10,449,816 shares of ₹1(aggregating up to ₹171.38 Cr)

Retail Portion

10% (Number of Retail Applications: 38,169 Approx),
(Number of S-HNI Applications : 1,363 Approx),
(Number of B-HNI Applications : 2,726 Approx)

Subscription

12.57 times

IPO Docs

DRHP RHP ANCHOR

Zaggle Prepaid Ocean Services Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	10,305,677	5,152,838 3,435,225 1,717,613	3,435,225	18,893,740
Day 1 - 14-09-23 05:00 PM	0.00 x	0.11 0.08 x 0.18 x	0.88 x	0.19 x
Day 2 - 15-09-23 05:00 PM	0.00 x	0.29 0.20 x 0.45 x	1.91 x	0.43 x
Day 3 - 18-09-23 05:00 PM	16.73 x	8.85 10.00 x 6.53 x	5.94 x	12.57 x

Total No. of Applications: 2,25,490 (Approx)

Zaggle Prepaid Ocean Services Limited Valuations

Earnings Per Share (EPS)

₹2.46/-

P/E Ratio

66.67

RoNW

46.98%

Net Asset Value (NAV) - As on 30.06.23

₹5.29

Zaggle Prepaid Ocean Services Limited Company Financials All values are in ₹ Cr.

	31-Mar-23
Assets	234.76
Revenue	554.58
Profit After Tax	22.90

About The Company

Zaggle Prepaid Ocean Services Limited provides financial technology (fintech) products and services to manage corporate business expenses through automated and innovative workflows.

The company offers fintech and SaaS products and services to corporates working in the fields of banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile industries. The SaaS platform is designed for: (i) business spend management (including expense management and vendor management); (ii) rewards and incentives management for employees and channel partners; and (iii) gift card management for merchants, which we refer to as customer engagement management system (CEMS).

Zaggle's product portfolio includes:
1. Propel: a corporate SaaS platform for channel rewards and incentives, employee rewards and recognition
2. 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.
3. CEMS: a customer engagement management system that enables merchants to comprehensively manage their customer experiences including rewarding merchants through gift card and loyalty benefits.
4. 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.
5. Zoyer: an integrated data-driven, SaaS-based business spend management platform with embedded automated finance capabilities in core invoice-to-pay workflows.

Zaggle Prepaid Ocean Services' clientele includes companies like TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP Sanjiv Goenka Group), Hiranandani Group, Cotiviti, Greenply Industries, and so on.

As of fiscal 2023, the company has over 250 employees, 7 offices across India, more than 1750 customers, and over 1.7 million end users.

Zaggle Prepaid Ocean Services Limited - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

Mr. Raj P Narayanam
Mr. Avinash Ramesh Godkhindi

Zaggle Prepaid Ocean Services Limited IPO - Issue Objectives

Expenditure towards Customer acquisition and retention.
Expenditure towards the development of technology and products.
Repayment/ pre-payment of certain borrowings, in full or part, availed by the company.
General corporate purposes.

Zaggle Prepaid Ocean Services Limited IPO - Anchor Investors

Zaggle Prepaid Ocean Services mobilises Rs 253 crore from anchor investors ahead of IPO.

Morgan Stanley Asia (Singapore), Matthews Asia Funds, Neuberger Berman Emerging Markets Equity Fund, Eastspring Investments India Fund, Astorne Capital VCC - Arven, Copthall Mauritius Investment, Societe Generale, and Goldman Sachs (Singapore), and Natixis International Funds were among the marquee investors that participated in the anchor book as part of qualified institutional buyers (QIB).

Other investors such as Kotak Equity Opportunities Fund, ICICI Prudential, LIC Mutual Fund, Abakkus Diversified Alpha Fund, Turnaround Opportunities Fund, Elara India Opportunities Fund, Valuequest Scale Fund, Founders Collective Fund, and Ananta Capital Ventures Fund also invested in Zaggle via the anchor book.

Zaggle Prepaid Ocean Services Limited IPO - FAQs

Ans. Zaggle Prepaid Ocean Services Limited IPO is a Mainboard IPO. The issue is priced at ₹156-164 per equity share. The minimum order quantity is 90 Shares. The IPO opens on Sep 14, 2023, and closes on Sep 18, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Zaggle Prepaid Ocean Services Limited IPO opens on Sep 14, 2023 and closes on Sep 18, 2023.

Ans. The size of Zaggle Prepaid Ocean Services Limited IPO is Total ₹563.38 Cr : #Fresh Issue : 23,902,439 shares(aggregating up to ₹392.00 Cr) + #OFS : 10,449,816 shares of ₹1(aggregating up to ₹171.38 Cr).

Ans. The IPO price band is set between ₹156-164 per equity share.

Ans. To apply for Zaggle Prepaid Ocean Services Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Zaggle Prepaid Ocean Services Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Zaggle Prepaid Ocean Services Limited IPO is Sep 21, 2023.

Ans. The Zaggle Prepaid Ocean Services Limited IPO will be listed on Sep 22, 2023.

Ans. Follow the steps to check the allotment status for Zaggle Prepaid Ocean Services Limited IPO here.