Zaggle Prepaid Ocean Services IPO- On September 14, 2023, the Zaggle Prepaid Ocean Services Limited, a provider of digital expense management solutions, released their IPO for Rs 490 billion. Many investors have expressed interest in and applied for the Zaggle Prepaid Ocean Services IPO.
Zaggle Prepaid Ocean Services IPO
As everyone is aware, different companies undertake initial public offerings (IPOs), which are then listed on the stock exchanges (BSE & NSE). You should be aware that starting on September 14, 2023, retail investors will be able to invest in the Initial Public Offer (IPO) for 430 Crore that Zaggle Prepaid Ocean Services Limited Company has established.
Zaggle Prepaid Ocean Services IPO Allotment Date
| Company Name | Zaggle Prepaid Ocean Services |
| Zaggle Prepaid Ocean Services IPO Launch Date | 14 September 2023 |
| About Company | Finance and Expense Solutions |
| Total Issue Size | ₹430 Crore |
| Zaggle Prepaid IPO Start Date | 14 September 2023 |
| Last Date | 18th September 2023 |
| Minimum Investment | ₹14760/- |
| Price Band | ₹156 to ₹164 |
| Shares in Each Lot | 90 Shares |
| Zaggle Prepaid IPO Subscription Status | 12 Times |
| Zaggle Prepaid IPO Allotment Status | 22nd September 2023 |
| Basis of Allotment | 22 September 2023 |
| Refund Initiation | 25 September 2023 |
| Credit of Shares | 26 September 2023 |
| Zaggle Prepaid IPO GMP Today | ₹12 Per Share |
| Type of Article | Trending |
Zaggle Prepaid Ocean Services IPO Listing Date
| Event | Zaggle Prepaid Ocean Services IPO Listing Date |
| IPO Launch Date | 14 September 2023 |
| Bidding Start Date | 14 September 2023 |
| Last Date to Bid | 18 September 2023 |
| Zaggle Prepaid IPO Allotment Date | 22 September 2023 |
| Initiation of Refunds | 25 September 2023 |
| Share Credit | 26 September 2023 |
| Zaggle Prepaid IPO Listing Date | 26 September 2023 |
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Zaggle Prepaid Ocean Services 2023
The Zaggle Prepaid Ocean Services IPO’s last bid deadline was September 18, 2023, and the promoters have already received more than 12 times as many subscriptions.
Each Lot Share & Allotment Basis
| Shares in Each Lot | 90 Shares |
| Zaggle Prepaid IPO Subscription Status | 12 Times |
| Zaggle Prepaid IPO Allotment Status | 22nd September 2023 |
| Basis of Allotment | 22 September 2023 |
Refund Initiation & Credit Shares Date
| Refund Initiation | 25 September 2023 |
| Credit of Shares | 26 September 2023 |
| Zaggle Prepaid IPO GMP Today | ₹12 Per Share |
Starts & Last Date
| Total Issue Size | ₹430 Crore |
| Zaggle Prepaid IPO Start Date | 14 September 2023 |
| Last Date | 18th September 2023 |
Lot Size & Total Size
| IPO Date | September 14, 2023 to September 18, 2023 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | ₹156 to ₹164 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 34,352,255 shares (aggregating up to ₹563.38 Cr) |
| Fresh Issue | 23,902,439 shares (aggregating up to ₹392.00 Cr) |
Offer Per Sale & Issues
| Offer for Sale | 10,449,816 shares of ₹1 (aggregating up to ₹171.38 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 98,194,319 |
| Share holding post issue | 122,096,758 |
Basis of Allotment & Refunds Initiation
| 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 And Cut-off time
| Listing Date | Wednesday, September 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2023 |
Investor Shares Offered Percentage
| Anchor Investor Shares Offered | 15,458,515 (45.00%) |
| QIB Shares Offered | 10,305,677 (30.00%) |
| NII (HNI) Shares Offered | 5,152,838 (15.00%) |
| Retail Shares Offered | 3,435,225 (10.00%) |
| Total Shares Offered | 34,352,255 (100%) |
Lots And Share Amount
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,760 |
| Retail (Max) | 13 | 1170 | ₹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 |
Highest Bid Date & Anchor Portion Size
| Bid Date | September 13, 2023 |
| Shares Offered | 15,458,515 |
| Anchor Portion Size (In Cr.) | 253.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 7, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 2, 2024 |
Share Holding Pre Major Issue
| Share Holding Pre Issue | 57.91% |
| Share Holding Post Issue |
Revenue, Profit & All Financial Conditions
| 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 |
KPI Values {Key Indicator}
| KPI | Values |
|---|---|
| P/E (x) | 66.67 |
| Post P/E (x) | 87.23 |
| Market Cap (₹ Cr.) | 2002 |
| ROE | 46.98% |
| Debt/Equity | 2.48 |
| EPS (Rs) | 2.46 |
| RoNW | 46.98% |
Category Subscription Times
| Category | Subscription (times) |
|---|---|
| QIB | 16.94 |
| NII | 9.16 |
| bNII (bids above ₹10L) | |
| sNII (bids below ₹10L) | 6.76 |
| Retail | 6.15 |
| Total | 12.86 |
Kfintech.com Prepaid IPO Allotment Date
- I’m writing to let you know that the Zaggle Prepaid IPO Allotment Date is September 22, 2023.
- That’s this when you’ll all find out whether or not you’ve received shares.
- Kfintech is the company’s official registrant, and you may check the status of the Zaggle Prepaid IPO allotments at kfintech.com.
Finance Experts Claim
- Retail users have enrolled 12 times as many times, according to the Zaggle Prepaid IPO Subscription Status.
- Finance Experts claim that this company, which deals with SMEs.
- The Startups, & other established businesses to give finance solutions, has a very large customer base.
All Investors Anticipating Allocation Or Not
- All investors are currently anticipating the Zaggle Prepaid Ocean Services IPO Allotment Date in order to find out if they have received an allocation or not.
IPO Allotment Credited & Demat Account
- This message is to let you know that the IPO Allotment will take place on September 22, 2023, and shares will thereafter be credited to your Demat Account.
- Your money will be returned to your bank account if you do not receive the allotment.
Zaggle Prepaid IPO Subscription Status
- For information on the Zaggle Prepaid IPO Subscription Status, see the points below.
- The Zaggle Prepaid IPO has received 6.73 subscriptions from all retail investors.
- 16.94 times as many qualified institutions as there were issues have subscribed.
IPO Now Time Total Subscribed
- The IPO has been subscribed to 10.36 times by non-institutional buyers.
- 12 Times the Issue Size is the overall Zaggle Prepaid IPO Subscription Status.
Category Wise Subscription Times
| Category | Zaggle Prepaid IPO Subscription Status |
| Retail Investors | 6.73 Times |
| Qualified Institutional Buyers | 16.94 Times |
| Non Institutional Buyers | 10.36 Times |
| Overall | 12 Times |
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Zaggle Prepaid IPO GMP Today
- Check out the points below for information about the Zaggle Prepaid IPO GMP today.
- The IPO’s Grey Market Premium at debut was zero, which was not promising.
Increased GMP Update
- The Finance Experts increased GMP to 5 as soon as the subscription began.
- Now that the Zaggle Prepaid IPO GMP Today is 12, the value of each share has increased to 176 per share.
- Because the IPO is oversubscribed by more than 12 times, we anticipate a hike in the GMP.
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Zaggle Prepaid Shares & Offers
The IPO of Zaggle Prepaid Ocean Services is a book built issue worth Rs 563.38 crores. It consists of a fresh issue of 2.39 crore shares amounting to Rs 392.00 crores and an offer for sale of 1.04 crore shares amounting to Rs 171.38 crores.
IPO Commenced Scheduled
Bidding for the Zaggle Prepaid Ocean Services IPO commenced on September 14, 2023, and concluded on September 18, 2023. The allotment for the IPO is anticipated to be finalized on Friday, September 22, 2023. The listing of the Zaggle Prepaid Ocean Services IPO is scheduled for Wednesday, September 27, 2023, on both BSE and NSE.
Zaggle Prepaid Minimum Amount
The price range for the Zaggle Prepaid Ocean Services IPO is ₹156 to ₹164 per share. Retail investors are required to invest a minimum amount of ₹14,760, which corresponds to a lot size of 90 shares. The minimum investment for sNII is 14 lots (1,260 shares), totaling ₹206,640. Similarly, the minimum investment for bNII is 68 lots (6,120 shares), amounting to ₹1,003,680.
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Growing Demand
- Zaggle’s focus on providing seamless and efficient prepaid card services has positioned it as a key player in the industry.
- As more businesses and individuals look for convenient and secure payment options.
- The Zaggle’s IPO presents an exciting opportunity for investors to get in on the ground floor of a promising venture.
Zaggle Prepaid Ocean Services IPO Allotment Status @ kfintech.com
- Check the Zaggle Prepaid Ocean Services IPO Allotment Status at kfintech.com by following all the guidelines provided below.
- Go ahead and open the K-Fintech Portal.
- Click on IPO Allotment Status after selecting Investor Services.
Check Via PAN Card & Application Number
- Choose the Zaggle Prepaid IPO to continue.
- Click on submit after entering your PAN card number or application number.
- On this page, look at the Allotment Status.
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Checking Today Share Status
- To check the status of the Zaggle Prepaid Ocean Services IPO allocation, visit bseindia.com and enter some basic information such your PAN card number and application number.
- Because this company will do well on the stock market, all investors should be pleased.
- Zaggle Prepaid IPO GMP Today is Rs 12 per share, according to analysts.
How to Check Zaggle Prepaid IPO Allotment Status?
- Follow the steps below to check the status of your Zaggle Prepaid IPO allotment at bseindia.com.
- Launch the BSE India website, then wait for the home page to appear.
- To continue, select the IPO Allotment Status Link.
IPO Allotment Status By Enter your PAN Card Info.
- Enter your PAN card number and choose Zaggle Prepaid Ocean IPO.
- Wait for the following page after clicking Submit.
- On this page, you can view the Zaggle Prepaid IPO Allotment Status.
Demand for digital payment solutions
The company’s IPO is expected to attract a wide range of investors looking to capitalize on the growing demand for digital payment solutions.
Conclusion
Zaggle Prepaid Ocean Services IPO is generating a lot of buzz in the investment community. With its innovative approach to prepaid card solutions and its strong track record, Zaggle is poised for success in the market.
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