Zaggle Prepaid Ocean Services Limited IPO
Zaggle Prepaid Ocean Services Limited IPO is listed on BSE and NSE, priced at ₹156–₹164 per share. The stock debuted at ₹164 with a flat listing performance. The IPO had a lot size of ₹90 shares and a minimum investment of ₹14,760.
Zaggle Prepaid Ocean Services Limited IPO
- IPO Dates
- Sep 14, 2023 – Sep 18, 2023
- Price band
- ₹156-164 per equity share
- Minimum Investment
- ₹14,760
- 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)
- Lot size
- 90
- Allotment Date
- Sep 21, 2023
- Listing
- Sep 22, 2023
- Listing At
- BSE, NSE
IPO timeline
-
Sep 14, 2023
Open Date
Completed
-
Sep 18, 2023
Close Date
Completed
-
Sep 21, 2023
Allotment Date
Completed
-
Sep 22, 2023
Listing Date
Completed
Price Summary
- Last closing
- 227.08 (38.46%)
- 52 week high
- 469.80
- 52 week low
- 186.05
- Last update
Zaggle Prepaid Ocean Services Limited IPO Essentials
Zaggle Prepaid Ocean Services Limited IPO Details
Zaggle Prepaid Ocean Services Limited IPO is priced at ₹156-164 per share with a total issue size of 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). The IPO has a lot size of 90 shares and is listed on BSE and NSE.
- Issue price
- ₹156-164 per equity share
- Lot size
- 90 shares
- Face value
- ₹1 Per Equity Share
- 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) - Listing at
- BSE, NSE
- List price
- 164.0(NSE)
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
ICICI Securities Limited, Equirus Capital Private Limited, Iifl Securities Ltd, Jm Financial Limited
Zaggle Prepaid Ocean Services Limited IPO Analytics
Zaggle Prepaid Ocean Services Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Zaggle Prepaid Ocean Services Limited IPO Subscription Status
Zaggle Prepaid Ocean Services Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
0.11x
0.08x
0.18x
|
0.88 x | 0.19 x |
|
Day 2
15-09-23 05:00 PM
|
0.00 x |
0.29x
0.20x
0.45x
|
1.91 x | 0.43 x |
|
Day 3
18-09-23 05:00 PM
|
16.73 x |
8.85x
10.00x
6.53x
|
5.94 x | 12.57 x |
Zaggle Prepaid Ocean Services Limited Valuations
Earnings
- EPS (Post IPO)
- ₹2.46/-
- P/E Ratio
- 66.67
Returns
- RoNW
- 46.98%
Zaggle Prepaid Ocean Services Limited Financials( In Crs.)
| 31-Mar-23 | |
|---|---|
| Assets | 234.76 |
| Revenue | 554.58 |
| Profit After Tax | 22.90 |
Zaggle Prepaid Ocean Services Limited Company & Offer Insights
About Zaggle Prepaid Ocean Services Limited
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)
Mr. Raj P Narayanam, Mr. Avinash Ramesh Godkhindi are the company's promoters of Zaggle Prepaid Ocean Services Limited.
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.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Zaggle Prepaid Ocean Services Limited IPO is a book-built IPO worth ₹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). The price band is ₹156–₹164 per share. The IPO opens on Sep 14, 2023 and closes on Sep 18, 2023. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The price band of Zaggle Prepaid Ocean Services Limited IPO is ₹156 to ₹164 per share.
The lot size of Zaggle Prepaid Ocean Services Limited IPO is 90 shares.
The minimum investment for Zaggle Prepaid Ocean Services Limited IPO is approximately ₹14,760 based on the upper price band .
Zaggle Prepaid Ocean Services Limited IPO opens on Sep 14, 2023 and closes on Sep 18, 2023.
The allotment date of Zaggle Prepaid Ocean Services Limited IPO is Sep 21, 2023.
Zaggle Prepaid Ocean Services Limited IPO is expected to be listed on Sep 22, 2023, on BSE and NSE .
Zaggle Prepaid Ocean Services Limited IPO listed on Sep 22, 2023. It was issued at ₹164.0(NSE) and is currently around ₹227.08 as on 14-May-2026 3:30 PM, which is approximately 38.5% versus issue price. The 52-week high is ₹469.80.
Based on listing and post-listing performance, Zaggle Prepaid Ocean Services Limited IPO delivered around 38.5% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Zaggle Prepaid Ocean Services Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Zaggle Prepaid Ocean Services Limited IPO valuation snapshot: P/E 66.67, EPS ₹2.46/-, P/B N/A, RoNW 46.98%, and market cap N/A.
To apply for Zaggle Prepaid Ocean Services Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Zaggle Prepaid Ocean Services Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Zaggle Prepaid Ocean Services Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Zaggle Prepaid Ocean Services Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Zaggle Prepaid Ocean Services Limited IPO allotment status on IPO Ji for quick and easy access.