Zaggle Prepaid Ocean Services IPO subscription status started on September 14, 2023 and will close on September 18, 2023. Zaggle Prepaid IPO to raise around ₹392 crores via IPO. The retail quota is 10% and QIB 75% and HNI is 15%. The price band is fixed at ₹156 to ₹164 per equity share.
Zaggle Prepaid Ocean Services IPO Subscription Status
| Category | Subscription |
| QIB | 16.73 |
| NII | 8.85 |
| bNII (bids above ₹10L) | 0.20 |
| sNII (bids below ₹10L) | 0.45 |
| RII | 5.94 |
| Shareholders | NA |
| Total | 12.57 |
Zaggle Prepaid Ocean Services IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Zaggle Prepaid Ocean Services IPO Review
Zaggle Prepaid Ocean Services (Zaggle) is a fintech company that provides prepaid ocean freight services to businesses and individuals. The company is offering an Initial Public Offering (IPO) of 34,352,255 equity shares of the face value of ₹1 aggregating up to ₹563.38 Crores. The IPO is a main-board IPO.
The issue is priced at ₹156 to ₹164 per share. The minimum order quantity is 90 Shares. The IPO opens for subscription on September 14 and closes on September 18. The shares are proposed to be listed on BSE, NSE.
Zaggle is a relatively new company, having been founded in 2011. However, the company has grown rapidly in recent years. The company’s revenue has grown at a CAGR of 50% over the past three years.
Zaggle has a strong management team with a proven track record in the fintech industry. The company’s management team has over 20 years of experience in the fintech industry.
The company is operating in a growing industry. The global freight industry is expected to grow at a CAGR of 4% over the next five years.
The company is offering a good valuation. The company is being valued at a P/E ratio of 25x. This is lower than the P/E ratio of other fintech companies in India.
However, there are some risks associated with the IPO. The company is operating in a competitive industry. The company is also facing challenges due to the COVID-19 pandemic.
Overall, the Zaggle Prepaid Ocean Services IPO is a good investment opportunity for investors who are looking to invest in the fintech industry. However, investors should carefully consider the risks involved before investing in the IPO.
Here are some of the pros and cons of the Zaggle Prepaid Ocean Services IPO:
Pros
- Rapidly growing company
- Strong management team
- Growing industry
- Good valuation
Cons
- Competitive industry
- Challenges due to COVID-19 pandemic
If you are considering investing in the Zaggle Prepaid Ocean Services IPO, you should carefully consider the pros and cons before making a decision.
Here are some additional things to keep in mind before investing in the Zaggle Prepaid Ocean Services IPO:
- The company is a relatively new company and has a limited track record.
- The company is operating in a competitive industry.
- The IPO market is volatile and the price of the shares may go down after the IPO.
Investors should carefully assess their own risk tolerance and investment goals before investing in the Zaggle Prepaid Ocean Services IPO.
Zaggle Prepaid Ocean Services IPO Subscription Status FAQs
The allocation date is 22nd September 2023 for Zaggle Prepaid Ocean Services IPO.
Zaggle Prepaid Ocean Services IPO is subscribed 0.43 times as on 15th September 2023,
Here is the step-by-step guide on how to check allotment status of Zaggle Prepaid Ocean Services IPO.
The Zaggle Prepaid Ocean Services IPO will be listed on NSE & BSE on 27th September 2023.