Zaggle Prepaid Ocean Services Limited IPO Detail
Zaggle Prepaid Ocean Services IPO is a book built issue of Rs 563.38 crores. The issue is a combination of fresh issue of 2.39 crore shares aggregating to Rs 392.00 crores and offer for sale of 1.04 crore shares aggregating to Rs 171.38 crores.
Zaggle Prepaid Ocean Services IPO bidding opened for subscription on September 14, 2023 and will close on September 18, 2023. The allotment for the Zaggle Prepaid Ocean Services IPO is expected to be finalized on Friday, September 22, 2023. Zaggle Prepaid Ocean Services IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, September 27, 2023.
Zaggle Prepaid Ocean Services IPO price band is set at ₹156 to ₹164 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹14,760. The minimum lot size investment for sNII is 14 lots (1,260 shares), amounting to ₹206,640, and for bNII, it is 68 lots (6,120 shares), amounting to ₹1,003,680.
Company Promoters
Mr. Raj P Narayanam and Mr. Avinash Ramesh GodkhindiIPO Details
| IPO Opening Date | Sep 14, 2023 |
| IPO Closing Date | Sep 18, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹156 - 164 per equity share |
| Market Lot | 90 Shares |
| Min Order Quantity | 90 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹563.38 Cr |
| Fresh Issue | ₹392.00 Cr |
| Offer for Sale | ₹171.38 Cr |
| Retail Portion | 10% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.30x | 1.99x | 0.44x |
| Day 2 | 16.94x | - | - | 9.16x | 6.15x | 12.86x |
IPO Tentative Timetable
The Zaggle Prepaid Ocean Services Limited IPO open date is Sep 14, 2023, and the close date is Sep 18, 2023. The issue may list on Sep 27, 2023.
| IPO Open Date | Sep 14, 2023 |
| IPO Close Date | Sep 18, 2023 |
| Basis of Allotment Date | Sep 22, 2023 |
| Initiation of Refunds | Sep 25, 2023 |
| Credit of Shares to Demat Account | Sep 26, 2023 |
| IPO Listing Date | Sep 27, 2023 |
IPO Lot Size
The Zaggle Prepaid Ocean Services Limited IPO market lot size is 90 shares. A retail-individual investor can apply for up to 13 lots (1170 shares or ₹191880).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 90 | ₹14760 |
| Maximum | 13 | 1170 | ₹191880 |
IPO Promoter Holding
| Pre Issue Share Holding | 57.91% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-23 | 234.76 | 554.58 | 22.90 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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 Registrar:
KFin Technologies Limited
Zaggle Prepaid Ocean Services Limited IPO Lead Manager(s):
ICICI Securities Limited Equirus Capital Private Limited Iifl Securities Ltd Jm Financial Limited
Company Contact Information:
Zaggle Prepaid Ocean Services Limited
301, III Floor, CSR Estate, Plot No.8,
Sector 1, HUDA Techno Enclave, Madhapur Main Road,
Hyderabad, Rangareddi - 500 081
