Zaggle Prepaid Ocean Services IPO Details: The scheduled date for Zaggle Prepaid Ocean Services IPO has been confirmed. The IPO is set to enter the market on September 14th and conclude on September 18th. The company aims to gather approximately ₹392 crores through this IPO. This sum includes a fresh issue of ₹392 crores via 10449816 shares, each valued at ₹1. The retail quota is 10%, while QIB is 75% and HNI is 15%.
What is Zaggle Prepaid Ocean Services IPO?
Zaggle Prepaid Ocean Services IPO is an initial public offering (IPO) of 39,20,000 equity shares of the face value of ₹10 aggregating up to ₹563 crores. The issue is priced at ₹142-145 per share.
The IPO opened for subscription on September 14 and will close on September 18, 2023. The shares will be listed on the NSE and BSE.
Zaggle Prepaid Ocean Services is a fintech company that provides prepaid fuel cards to businesses and consumers. The company has a strong track record of growth and has been profitable for the past three years.
The proceeds from the IPO will be used to fund the company’s growth plans, including expansion into new markets and the development of new products and services.
The IPO is a good opportunity for investors to participate in the growth of the fintech industry. The industry is expected to grow at a CAGR of 25% in the next few years.
However, there are some risks associated with the IPO. The company is still a relatively small company and has not yet been tested in a bear market. The company also faces competition from other fintech companies.
Investors should carefully consider the risks and rewards of the Zaggle Prepaid Ocean Services IPO before investing.
Here are some of the key things to keep in mind about the Zaggle Prepaid Ocean Services IPO:
- The IPO is open for subscription to all investors, including retail investors, qualified institutional buyers (QIBs), and non-institutional investors (NII).
- The retail investors’ quota is 10%, the QIB quota is 75%, and the NII quota is 15%.
- The IPO is being managed by ICICI Securities, Equirus Capital, IIFL Securities, and JM Financial.
- The registrar for the IPO is Link Intime India Private Limited.
Objective of Zaggle Prepaid Ocean Services IPO
here are the objectives of the Zaggle Prepaid Ocean Services IPO:
- To raise ₹563 crores to fund the company’s growth plans.
- To expand into new markets, such as the Middle East and Southeast Asia.
- To develop new products and services, such as a prepaid travel card and a prepaid gift card.
- To strengthen the company’s technology platform.
- To repay debt.
The company believes that the IPO will help it to achieve its growth plans and become a leading player in the fintech industry.
Investors should carefully consider the objectives of the IPO before investing. They should also do their own due diligence to understand the risks involved in investing in the IPO.
Here are some of the key risks to consider before investing in Zaggle Prepaid Ocean Services IPO:
- The company is still a relatively small company and has not yet been tested in a bear market.
- The company faces competition from other fintech companies.
- The industry is still evolving and there is no guarantee of success.
Zaggle Prepaid Ocean Services IPO Date & Price Band Details
| IPO Open: | September 14, 2023 |
| IPO Close: | September 18, 2023 |
| IPO Size: | Approx ₹563 Crores |
| Fresh Issue: | Approx ₹392 Crores |
| Offer for Sale: | Approx 10,449,816 Equity Shares |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹156 to ₹164 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Zaggle Prepaid Ocean Services IPO Market Lot
The Zaggle Prepaid Ocean Services IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 90 | ₹14760 |
| Retail Maximum | 13 | 1170 | ₹191880 |
| S-HNI Minimum | 14 | 1260 | ₹206640 |
| B-HNI Minimum | 68 | 6120 | ₹1003680 |
Zaggle Prepaid Ocean Services IPO Allotment & Listing Dates
The Zaggle Prepaid Ocean Services IPO date is September 14 and the close date is September 18. The Zaggle Prepaid Ocean Services IPO allotment will be finalized on September 22 and the IPO listing on September 27.
| Anchor Investors Allotment: | September 13, 2023 |
| IPO Open Date: | September 14, 2023 |
| IPO Close Date: | September 18, 2023 |
| Basis of Allotment: | September 22, 2023 |
| Refunds: | September 25, 2023 |
| Credit to Demat Account: | September 26, 2023 |
| IPO Listing Date: | September 27, 2023 |
Here is the list of important dates for Zaggle Prepaid Ocean IPO. Please mark these dates on your calendar for timely reminders. For your convenient, I have created a IPO Calendar which you can add to your mobile phone and get the timely alert.
Zaggle Prepaid Ocean Services Pros & Cons
| Pros | Cons |
|---|---|
| Strong financial performance | Relatively new company |
| Growing industry | Faces competition from other fintech companies |
| Good IPO subscription response expected | Grey market premium is not very high |
| Good management team | Lock-in period for shares is 3 months |
Zaggle Prepaid Ocean Services Financials
Here are some of the financial highlights of Zaggle Prepaid Ocean Services:
- Revenue: The company’s revenue grew from ₹59.7 crores in FY21 to ₹89.4 crores in FY23.
- Profit: The company’s profit was ₹8.4 crores in FY21 and ₹15.2 crores in FY23.
- Gross margin: The company’s gross margin was 62.4% in FY21 and 63.3% in FY23.
- Operating profit margin: The company’s operating profit margin was 27.4% in FY21 and 27.8% in FY23.
- Net profit margin: The company’s net profit margin was 14.2% in FY21 and 17.1% in FY23.
- Current ratio: The company’s current ratio was 2.41 in FY21 and 2.90 in FY23.
- Debt-to-equity ratio: The company’s debt-to-equity ratio was 0.02 in FY21 and 0.01 in FY23.
The company’s financial performance has been improving in recent years. The company’s revenue and profit have been growing steadily. The company’s gross margin and operating profit margin have also been improving. The company’s current ratio and debt-to-equity ratio are healthy.
However, the company is still a relatively small company and has not yet been profitable for a sustained period. The company also faces competition from other fintech companies.
Investors should carefully consider the financials of Zaggle Prepaid Ocean Services before investing in the IPO.
Here are some of the key risks to consider before investing in Zaggle Prepaid Ocean Services IPO:
- The company is still a relatively new company and has not yet been tested in a bear market.
- The company faces competition from other fintech companies.
- The industry is still evolving and there is no guarantee of success.
Investors should carefully consider these risks before investing in Zaggle Prepaid Ocean Services IPO.
Zaggle Prepaid Ocean Services IPO Subscription Status
For the latest update on the Zaggle Prepaid Ocean Services IPO, you can check this dedicated page for IPO subscription status.
Zaggle Prepaid Ocean Services IPO Allotment Status
For the latest update on the Zaggle Prepaid Ocean Services IPO, you can check this dedicated page for IPO allotment status.
Zaggle Prepaid Ocean Services IPO Forms
For IPO form for the Zaggle Prepaid Ocean Services IPO, you can check this dedicated page for IPO Forms.
Company Promoters
- Mr. Raj P Narayanam
- Mr. Avinash Ramesh Godkhindi
Zaggle Prepaid Ocean Services IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: zaggle.ipo@kfintech.com
Website: https://kosmic.kfintech.com/
Company Address
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
Phone: +91 40 2311 9049
Email: haripriya.singh@zaggle.in
Website: https://www.zaggle.in/
Zaggle Prepaid Ocean Services IPO FAQs
Zaggle Prepaid Ocean Services IPO has been confirmed. The IPO is set to enter the market on September 14th and conclude on September 18th.
The IPO will open on 14th September 2023.
You can apply for the Zaggle Prepaid Ocean Services IPO through a broker or directly through the stock exchanges.
To apply through a broker, you will need to open a demat and trading account with the broker. Once you have opened the account, you can contact the broker to apply for the IPO.
To apply directly through the stock exchanges, you will need to have a trading account with a stock exchange. You can then log in to your trading account and apply for the IPO.
The minimum investment amount for the Zaggle Prepaid Ocean Services IPO is ₹1000 (100 shares). The IPO will open on September 14 and close on September 18, 2023.
Here are the steps on how to apply for the Zaggle Prepaid Ocean Services IPO through a broker:
Open a demat and trading account with a broker.
Contact the broker to apply for the IPO.
Provide the broker with your PAN number, bank account details, and investment amount.
The broker will then apply for the IPO on your behalf.
You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
Here are the steps on how to apply for the Zaggle Prepaid Ocean Services IPO directly through the stock exchanges:
Open a trading account with a stock exchange.
Log in to your trading account.
Go to the IPO section of the trading platform.
Select the Zaggle Prepaid Ocean Services IPO.
Enter the number of shares you want to apply for and the subscription amount.
Submit the application.
You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
It is important to note that the IPO may be oversubscribed, which means that there may be more demand for shares than there are shares available. In this case, not all applicants will be allotted shares.
If you are allotted shares, you will be required to pay the full subscription amount within a few days of the allotment. The shares will then be credited to your demat account.
you can apply for the Zaggle Prepaid Ocean Services IPO through Zerodha by following these steps:
Open the Zerodha Kite app.
Tap on the “Orders” tab.
Tap on the “IPO” tab.
Select the Zaggle Prepaid Ocean Services IPO from the list of ongoing IPOs.
Enter the number of shares you want to apply for and the subscription amount.
Tap on the “Apply” button.
Enter your UPI ID and confirm the payment.
Your application will be submitted once the payment is successful. You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
Here are some things to keep in mind when applying for the Zaggle Prepaid Ocean Services IPO through Zerodha:
You must have a Zerodha trading account.
You must have sufficient funds in your bank account to make the payment.
The minimum investment amount for the Zaggle Prepaid Ocean Services IPO is ₹1000 (100 shares).
The IPO will open on September 14 and close on September 18, 2023.