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Open
14 Sep 2023
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Close
18 Sep 2023
3
Allotment
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Listing
Fri, Sep 22, 2023
Price Band
₹156 to ₹164
Issue Size
3,43,52,255 shares (agg. up to ₹563 Cr)
Lot Size
90 Shares
Listing Date
Fri, Sep 22, 2023
Latest GMP
₹11
Est. Gain
6.71%
✦ AI Insight
GMP Trend
22-09-2023₹11Est. ₹175+6.71%
21-09-2023₹11Est. ₹175+6.71%
20-09-2023₹14Est. ₹178+8.54%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 7.55x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 |
|---|---|
| Assets | 234.76 |
| Total Income | 554.58 |
| Profit After Tax | 22.90 |
| NET Worth | 48.75 |
| Reserves and Surplus | 39.36 |
| Total Borrowing | 121.07 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Netweb Technologies India Ltd. | Mainboard | ₹631.00 Cr | ₹500 | 59.67 | ₹910.40 | +82.08% | ₹4,304.20 (-1.61%) |
| Synoptics Technologies Ltd. | SME | ₹54.04 Cr | ₹237 | 25.32 | ₹226.10 | -4.60% | ₹72.20 (-5.00%) |
| Veefin Solutions Ltd. | SME | ₹46.73 Cr | ₹82 | 41.41 | ₹90.22 | +10.02% | ₹310.25 (-0.29%) |
| Sahana System Ltd. | SME | ₹32.74 Cr | ₹135 | 16.88 | ₹171.15 | +26.78% | ₹924.45 (+0.05%) |
| Sancode Technologies Ltd. | SME | ₹5.15 Cr | ₹47 | 10.71 | ₹60.80 | +29.36% | ₹376.35 (+1.99%) |
| Vertexplus Technologies Ltd. | SME | ₹14.20 Cr | ₹96 | 28.83 | ₹106.05 | +10.47% | ₹48.30 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expenditure towards Customer acquisition and retention | 300.00 |
| 2 | Expenditure towards development of technology and products | 40.00 |
| 3 | Repayment or prepayment of certain borrowings, in full or part, availed by our Company; and | 17.08 |
| 4 | General corporate purposes | 5.10 |
About Zaggle Prepaid Ocean IPO
Incorporated in 2011, Zaggle Prepaid Ocean Services Limited provides financial technology (fintech) products and services to manage corporate business expenses through automated and innovative workflows. The company offers fintech and SaaS products and services to corporates working in the fields of banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile industries. The SaaS platform is designed for: (i) business spend management (including expense management and vendor management); (ii) rewards and incentives management for employees and channel partners; and (iii) gift card management for merchants, which we refer to as customer engagement management system (CEMS). Zaggle's product portfolio includes: Propel: a corporate SaaS platform for channel rewards and incentives, employee rewards and recognition Save: a SaaS-based platform and a mobile application that offers expense management solutions for business spend management facilitating digitized employee reimbursements and tax benefits. CEMS: a customer engagement management system that enables merchants to comprehensively manage their customer experiences including rewarding merchants th
Contact Details
Zaggle Prepaid Ocean Services Ltd. Address301, III Floor, CSR Estate, Plot No.8Sector 1, HUDA Techno Enclave, Madhapur Main RoadRangareddiHyderabad, Telangana, 500081+91 40 2311 9049haripriya.singh@zaggle.inVisit Website