Zaggle Prepaid Ocean Services IPO Date, Price, Review
Zaggle Prepaid Ocean Services IPO: Know everything about Zaggle Prepaid Ocean Services IPO. Zaggle Prepaid Ocean Services Limited IPO Date, Zaggle Prepaid Ocean Services IPO Review and analysis. We will discus about Zaggle Prepaid Ocean Services IPO Benefits & Risks. Also, all information related to Zaggle Prepaid Ocean Services IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Zaggle Prepaid Ocean Services IPO
Zaggle Prepaid Ocean Services Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 563.38 crore through IPO (Initial public offering).
Zaggle Prepaid Ocean Services IPO will open on 14 September 2023 and close on 18 September 2023. The price band of the Zaggle Prepaid Ocean Services IPO is ₹156 to ₹164. Zaggle Prepaid Ocean Services IPO size is 563.38 Crores. The offer includes 391 Crores under fresh issue and 171.38 Crores under offer for sale. Zaggle Prepaid Ocean Services IPO QIB quota is 75%, NII quota is 15% and RII quota is 10%. Zaggle Prepaid Ocean Services IPO listing date is 27 September 2023. You can learn about Zaggle Prepaid Ocean Services IPO GMP (Grey Market Premium) below.
The Zaggle Prepaid Ocean Services has given average financial performance. The company made a profit of ₹22.90 crores in the financial year 2023 (March 2023). The IPO of Zaggle Prepaid Ocean Services will be listed on NSE and BSE. Zaggle Prepaid Ocean Services IPO face value is ₹1 per equity share.
We will talk about Zaggle Prepaid Ocean Services' financials, benefits, and risks of investing in the company.
About Zaggle Prepaid Ocean Services Limited
Zaggle Prepaid Ocean Services Limited was Founded in the year 2011. Zaggle is a leading player in spend management with a differentiated value proposition and diversified user base. Zaggle has created a market niche in India by offering a combined solution for spend management through prepaid cards and employee management (through SaaS).
Zaggle Prepaid Ocean Services Limited operates in the business-to-business-to-customer (“B2B2C”) segment and is among a small number of uniquely positioned players with a diversified offering of fintech products and services, having the largest number of issued prepaid cards in India, a diversified portfolio of SaaS, including tax and payroll software, and a wide touchpoint reach.
The company is placed at the intersection of the SaaS and fintech ecosystems, and our SaaS platform is designed for (i) business spend management (including expense management); (ii) rewards and incentives management for employees and channel partners; and (iii) customer engagement management system. We cater to large enterprises (“corporates”), small and medium-sized businesses (“SMBs”) and start-ups across India.
Zaggle Prepaid Ocean Services IPO Date and Price Band Details
| IPO Open: | 14 September 2023 |
| IPO Close: | 18 September 2023 |
| Listing Date: | 27 September 2023 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹563.38 crores |
| Fresh Issue: | Approx ₹392 crores |
| Offer For Sale: | Approx ₹171.38 crores |
| Price Band: | ₹156 to ₹164 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 75% |
| Retail Portion: | 10% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Zaggle Prepaid Ocean Services IPO Lot Size Details
| Application | Lot | Share | Amount |
| Retail (Min) | 01 | 90 | 14,760 |
| Retail (Max) | 13 | 1170 | 191,880 |
| S-HNI (Min) | 14 | 1,260 | 206,640 |
| S-HNI (Max) | 66 | 6,030 | 988,920 |
| B-HNI (Min) | 67 | 6,120 | 1003,680 |
Zaggle Prepaid Ocean Services IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 14 September 2023 |
| IPO Closing Date: | 18 September 2023 |
| Basis of Allotment: | 22 September 2023 |
| Refund Date: | 25 September 2023 |
| Credit to Demat Account: | 26 September 2023 |
| Listing Date: | 27 September 2023 |
Zaggle Prepaid Ocean Services Performance Indicator
| Ratio | Values |
| PE Ratio | 66.67 |
| ROCE | - |
| ROE | 46.98% |
| Market Cap | -Cr. |
| RoNW | 46.98% |
| EPS | ₹2.46 |
Zaggle Prepaid Ocean Services Ltd Financials
Zaggle Prepaid Ocean Services Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2021 | ₹- | ₹- | ₹- |
| 2022 | ₹- | ₹- | ₹- |
| 2023 | ₹234.76 | ₹554.58 | ₹22.90 |
Zaggle Prepaid Ocean Services IPO Review
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| Kotak Securities | Not Rated yet |
| Motilal Oswal | Not Rated yet |
| Sharekhan | Not Rated yet |
Zaggle Prepaid Ocean Services IPO Allotment Status
Zaggle Prepaid Ocean Services IPO allotment status will be available from 22 September 2023. You can check Zaggle Prepaid Ocean Services IPO allotment status on our website.
Zaggle Prepaid Ocean Services Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Contact Details of Zaggle Prepaid Ocean Services
Unit no. 602 and 603, 6th Floor,
Hyde Park, Opposite Ansa Industrial Estate,
Saki Vihar Road, Andheri East, Mumbai, 400 072, Maharashtra
Telephone: +91 22 4879 4879
E-mail: haripriya.singh@zaggle.in
Website:www.zaggle.in
Zaggle Prepaid Ocean Services Lead Managers
- IIFL Securities Ltd
- ICICI Securities Limited
- Equirus Capital Private Limited
- Jm Financial Limited
Zaggle Prepaid Ocean Services IPO Registrars
Selenium, Tower-B Plot 31 and 32,
Financial District Nanakramguda,
Serilingampally Hyderabad, Telangana
Telephone: +91 40 6716 2222
Email: zaggle.ipo@kfintech.com
Website:www.kfintech.com
Conclusion
There are some good and some bad things in the company. Looking at the financial position of the company, the track record has been average. In the financial year 2023, the company had a profit of Rs 22.90 crore. Our suggestion will be updated when the Zaggle Prepaid Ocean Services Limited IPO starts. Zaggle Prepaid Ocean Services Limited IPO financial details and other information are given above.
Zaggle Prepaid Ocean Services IPO FAQs
Also Read
How to Apply the Zaggle pewpaid Ocean Services Ltd IPO with Zerodha?
- Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
- If you are a Desktop user then Log in to the Console on Zerodha Website. Go to Portfolio and Click on IPO.
- You will see the IPO name "Aeroflex Industries Ltd".
- Then, Click on Bid Button.
- Then, Enter your UPI ID.
- Then, Fill in the Quantity and Price. (we recommend, that you should choose the cutoff price.)
- Then Submit the IPO Application Form.
- Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
We hope you like this article about Zaggle Prepaid Ocean Services IPO. If you have a query about Zaggle Prepaid Ocean Services IPO, Please leave a comment. Here you can also stay updated about the IPO Allotment Status and upcoming IPO. Also, you can track IPO performance. You can use our tools Stock Average Calculator, Profit and Loss Calculator, and SIP Calculator for free. Thanks for Visiting. Happy Investing.
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