Zaggle Prepaid Ocean Services Limited IPO is set to launch on 14 September, 2023. The company initiated its business operations in the year 2011. The company provides fintech products to corporations for managing their entire expense structure by automated workflow. It works into segments like technology, finance, FMCG, manufacturing, healthcare, infrastructure etc. The product portfolio of the company is divided into 5 parts. They are Save, Propel, CEMS, Zoyer and Zaggle Payroll cards. Each of them have different functions. The Save is used for expense management purposes whereas Propel is used for channelling rewards and incentives, rewards and recognition of employees etc. The CEMS product is the customer engagement management system and enables corporates to analyse and manage their customer experiences. Zoyer is an invoice to pay workflow based products and Zaggle Payroll card is an alternative to direct bank account deposit to labourers, employees, contractors etc.
Zaggle Prepaid Ocean Services Limited IPO DETAILS
Zaggle Prepaid Ocean Services Limited IPO is set to launch on 14 September, 2023. The subscription timeline extends till 18 September, 2023. The size for the IPO is 563.38 Crore Rs. Shares issued through fresh issue mode are worth 392 Crore Rs. Shares issued through offer for sale mode are worth Rs 171.38 Crore. The lot size is 90 shares and the price is 156 to 164 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Re.1 and this is a Book Built issue. The registrar for the company is KFin Technologies Limited.
IPO OPENING DATE | 14 September, 2023 |
CLOSING DATE FOR IPO | 18 September, 2023 |
ISSUE TYPE | Book Built Issue |
Face Value per share | 1 Re. per share |
IPO price band | 156 Rs. to 164 Rs. per share |
LOT SIZE | 90 shares |
MINIMUM ORDER QUANTITY | 90 shares |
ISSUE SIZE | 563.38 Crore Rs. |
OFFER FOR SALE | 171.38 Crore Rs. |
FRESH ISSUE | 392 Crore Rs. |
LISTING AT | NSE, BSE |
LISTING DATE | 27 September, 2023 |
IPO OPENING DATE | 14 September, 2023 |
CLOSING DATE FOR IPO | 18 September, 2023 |
IPO ALLOTMENT DATE | 22 September, 2023 |
REFUNDS | 25 September, 2023 |
DEMAT A/C CREDITED ON | 26 September, 2023 |
IPO LISTING DATE | 27 September, 2023 |
Zaggle Prepaid Ocean Services Limited IPO begins for subscription from 14 September 2023. The IPO subscription would continue till 18 September, 2023. The allotment status for the shareholders who applied would come on 22 September, 2023. The refunds for the ones who did not get allotment would be initiated on 25 September, 2023. The DEMAT accounts of shareholders would be credited on 26 September, 2023. The listing of the company would be completed on 27 September, 2023.
The lead managers are :
The minimum lot size for the company is decided at 90 shares. This holding accounts to 14760 Rs.. The maximum lot size is decided at 1170 shares. This amounts to 191880 Rs.. Hence the company’s final holdings would be set as :
Shares | Amount | |
Minimum | 90 shares | 14760 Rs. |
Maximum | 1170 shares | 191880 Rs. |
Particularly (in Crore Rs.) | 2022-23 | ||
ASSETS | 234 | ||
Revenue | 554 | ||
PAT | 22 |
Zaggle Prepaid Ocean Services Limited had an asset base of 234 Crore Rs in 2023 and the revenue for the same year was 554 Crore Rs. The profit earned by the firm in 2023 was 22 Crore Rs.
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
Now, applying for an IPO online is possible with most of the Discount and online brokers.
Effwa Infra & Research Limited IPO is set to launch on 5 July, 2024. The…
Ambey Laboratories Limited IPO is set to launch on 4 July, 2024. The company initiated…
Bansal Wire Industries Limited IPO is set to launch on 3 July, 2024. The company…
Emcure Pharmaceuticals Limited IPO is set to launch on 3 July, 2024. The company initiated…
Nephro Care India Limited IPO is set to launch on 28 June, 2024. The company…
Diensten Tech Limited IPO is set to launch on 26 June, 2024. The company initiated…
This website uses cookies.