Zaggle Prepaid Ocean Services Ltd IPO

Zaggle Prepaid Ocean Services Ltd IPO

IT - Software

mainboard

Bidding period

14 Sep 2023 - 18 Sep 2023

Bid price

₹164.00 - ₹164.00

Listing on

BSE, NSE

Listing date

22 Sep 2023

Lot size

90 shares

Issue size

₹563.38 crore


Minimum investment

₹14,760.00 / 1 lot

Maximum investment

₹1,91,880.00 / 13 lot

Bidding closed on 18 Sep 2023

EXPLORE IPOs
EXPLORE IPOs

Zaggle Prepaid Ocean Services Ltd IPO dates

IPO opening date

14 Sep 2023

IPO end date

18 Sep 2023

Allotment date

22 Sep 2023

Initiation of refunds

25 Sep 2023

Credit of shares to demat

26 Sep 2023

IPO listing date

22 Sep 2023

Zaggle Prepaid Ocean Services Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹696.14
Total liabilities ₹696.14
Total expenditure ₹727.09
Total revenue ₹786.87
Profit after tax ₹44.02
EBITDA ₹81.86
Adjusted EBITDA ₹0.00

Zaggle Prepaid Ocean Services Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 57.91 0.0
Public group 42.09 0.0

Zaggle Prepaid Ocean Services Ltd strengths and risks

Information currently unavailable

  • Differentiated SaaS-based fintech platform, offering a combination of payment instruments, mobile application and API integrations;

  • In-house developed technology and strong network effect;

  • Business model with diverse sources of revenue and low customer acquisition and retention costs;

  • Diversified customer relationships across sectors along with preferred banking and merchant partnerships; and

  • Seasoned management team with deep domain expertise supported by a professional workforce.

  • The company recent revenue growth rates may not be indicative of its future financial performance. The company has limited operating history at its current scale. Failure to effectively manage the company growth could materially and adversely affect the success of its business and/or impact the company margins.

  • Laws and regulation governing its business and operations may continue to change and evolve and the introduction of new laws and regulation applicable to the company business may adversely affect its financial condition, results of operations and profitability.

  • The company may be unable to retain existing Customers, attract new Customers, convert Customers using its beta or trial versions into paying Customers, or expand usage of the company products within or across Customer organizations.

  • The company is dependent on third-party payment networks to operate its prepaid card business.

  • A substantial portion of its revenue is generated by Program Fees through the company arrangements with its banking partners. The businesses of its banking partners are regulated by the RBI and any change in the RBI's policies, decisions and regulatory framework could adversely affect its business, cash flows, results of operations and financial condition.

  • The company recognise revenue over the term of the contracts with its Customers. Consequently, downturns in sales may not be immediately reflected in its operating results until one or more quarters following the actual decrease in sales.

  • The Company does not have any listed industry peers in India or abroad.

  • Failure to effectively develop and expand the company direct sales capabilities could affect its ability to expand usage of the company products within its Customer base and achieve broader market acceptance of its products.

  • The company success depends on the company ability to develop and maintain successful relationships with channel partners.

  • The company may be unable to successfully integrate its products with software applications that are developed by others, including the company partners, thereby adversely affecting the adoption and usage of its products.

How to check the allotment status of the Zaggle Prepaid Ocean Services Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Zaggle Prepaid Ocean Services Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Zaggle Prepaid Ocean Services Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

Read more Read less

Zaggle Prepaid Ocean Services Ltd IPO registrar

KFin Techologies Ltd

Phone number +91 40 6716 2222
E-mail ID zaggle.ipo@kfintech.com
Website www.kfintech.com

Zaggle Prepaid Ocean Services Ltd IPO reservation

QIB shares offered

1,03,05,676 (30.0%)

NII (HNI) shares offered

51,52,838 (15.0%)

Retail shares offered

34,35,226 (10.0%)

Anchor investor shares offered

1,54,58,515 (45.0%)

Total shares offered

3,43,52,256

Total shares with anchor investor

3,43,52,256

Zaggle Prepaid Ocean Services Ltd IPO lead manager

  • ICICI Securities Ltd
  • Equirus Capital Pvt Ltd
  • IIFL Securities Ltd
  • JM Financial Ltd

Explore other IPOs

Aditya Infotech Limited logo
Aditya Infotech Limited logo

Aditya Infotech Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Advance Agrolife Limited logo
Advance Agrolife Limited logo

Advance Agrolife Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Advanced SysTek Limited logo
Advanced SysTek Limited logo

Advanced SysTek Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Agilus Diagnostics Limited logo
Agilus Diagnostics Limited logo

Agilus Diagnostics Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Airox Technologies Limited logo
Airox Technologies Limited logo

Airox Technologies Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Ajay Poly Limited logo
Ajay Poly Limited logo

Ajay Poly Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
All Time Plastics Limited logo
All Time Plastics Limited logo

All Time Plastics Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Allchem Lifescience Limited logo
Allchem Lifescience Limited logo

Allchem Lifescience Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Amanta Healthcare Limited logo
Amanta Healthcare Limited logo

Amanta Healthcare Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Anand Rathi Share AND Stock Brokers Limited logo
Anand Rathi Share AND Stock Brokers Limited logo

Anand Rathi Share AND Stock Brokers Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Anlon Healthcare Limited logo
Anlon Healthcare Limited logo

Anlon Healthcare Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Anthem Biosciences Limited logo
Anthem Biosciences Limited logo

Anthem Biosciences Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
AOne Steels India Limited logo
AOne Steels India Limited logo

AOne Steels India Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Ardee Engineering Limited logo
Ardee Engineering Limited logo

Ardee Engineering Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Armee Infotech Limited logo
Armee Infotech Limited logo

Armee Infotech Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Asirvad Microfinance Limited logo
Asirvad Microfinance Limited logo

Asirvad Microfinance Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Atlanta Electricals Limited logo
Atlanta Electricals Limited logo

Atlanta Electricals Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Avanse Financial Services Limited logo
Avanse Financial Services Limited logo

Avanse Financial Services Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced
Aye Finance Limited logo
Aye Finance Limited logo

Aye Finance Limited IPO

Bidding period

To Be Announced

Bid price range

To Be Announced

How to apply for an IPO with Bajaj Broking?

adafafds
 
 
  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Zaggle Prepaid Ocean Services Ltd IPO?

The listing date for the Zaggle Prepaid Ocean Services Ltd IPO is 22 Sep 2023.

What is the issue size of Zaggle Prepaid Ocean Services Ltd IPO?

The issue size of the Zaggle Prepaid Ocean Services Ltd IPO is ₹563.38 cr.

What is the minimum lot size needed for Zaggle Prepaid Ocean Services Ltd IPO?

The minimum lot size for Zaggle Prepaid Ocean Services Ltd IPO is 90

When does the Zaggle Prepaid Ocean Services Ltd open and close?

Zaggle Prepaid Ocean Services Ltd IPO is open from 14 Sep 2023 to 18 Sep 2023.

How can I apply for the Zaggle Prepaid Ocean Services Ltd IPO?

To apply for the Zaggle Prepaid Ocean Services Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
SHOW MORE SHOW LESS

Disclaimer

*Disclaimer for Bajaj Finance Limited (‘BFL’):

Stock trading business is carried by Bajaj Financial Securities Limited ("BFSL"), a broker and Depository Participant registered with Securities Exchange Board of India and offers various products/services related to Securities market (Securities market products/services). BFL merely facilitates display of data shared by BFSL on its webpage/mobile application. Such data received from BFSL, or any of its service providers is on “as is” basis. BFL does not make any representation or warranty, express or implied, regarding accuracy, completeness of such data displayed herein.

When you opt to avail the Securities market products/services of BFSL by clicking on the BFSL weblink/mobile app, you will be redirected to BFSL's web page/mobile app for initiation and completion of the transaction. You are supposed to exercise independent diligence by reading all the related documents carefully before deciding to invest in Securities market Products/services.

BFL is a Non-Banking Financial Company carrying the business of acceptance of deposits and providing lending solutions to Retail and Corporate customers. BFL does not offer nor advice on Securities market products/services and shall not be liable or responsible for any of your investment decision."

**Disclaimer: For Bajaj Financial Securities Limited

Investments in securities market are subject to market risk, read all the related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit. All leveraged intraday positions will be squared off the same day. There is no restriction on withdrawal of unutilised margin amount. Trade Recommendations are research-calls provided under the SEBI Research Analyst guidelines.
Visit https://www.bajajbroking.in/disclaimer for complete disclaimer.

Securities market Products/services are made available only at the discretion of BFSL and subject to the individual contractual terms and conditions of the respective Securities market products/services. You shall be the sole owner of any decision to invest in any BFSL's Securities market products/services.

Securities market products/services may be withdrawn or amended at any time by BFSL without notice and your recourse in such case would be directly to reach out BFSL at connect@bajajfinserv.in or 1800 833 8888.

Powered by Bajaj Financial Securities Limited (Bajaj Broking)