Zaggle Prepaid Ocean Services (MAIN BOARD)
September 14, 2023 – September 18, 2023
| Price | ₹156 - ₹164 |
| Premium | ₹13 |
|---|---|
| Lot size | 90 |
| Allotment | Sep 20, 2023 |
| Listing | Sep 22, 2023 |
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/
Last Updated as on 18-Sep-2023 18:39:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1,04,32,256 | 17,45,56,440 | 16.73 |
| HNIs | 53,36,703 | 4,72,10,040 | 8.85 |
| HNIs (10+L) | 35,57,802 | 3,55,91,670 | 10 |
| HNIs (2-10L) | 17,78,901 | 1,16,18,370 | 6.53 |
| Retail | 35,57,802 | 2,11,16,610 | 5.94 |
| Total | 1,93,26,761 | 24,28,83,090 | 12.57 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 90 | 14760 | 38169 |
| sHNI | 14 | 1260 | 206640 | 1363 |
| bHNI | 68 | 6120 | 1003680 | 2726 |
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 through gift card and loyalty benefits.
- Zaggle Payroll Card: a prepaid payroll card that allows customers to pay contractors, consultants, seasonal and temporary employees, and unbanked wage workers as an alternative to direct deposits to bank accounts or cash payments.
- Zoyer: an integrated data-driven, SaaS-based business spend management platform with embedded automated finance capabilities in core invoice-to-pay workflows.
Zaggle Prepaid Ocean Services' clientele includes companies like TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP Sanjiv Goenka Group), Hiranandani Group, Cotiviti, Greenply Industries, and so on.
As of fiscal 2023, the company has over 250 employees, 7 offices across India, more than 1750 customers, and over 1.7 million end users.
Zaggle Prepaid Ocean Services IPO Details
Zaggle Prepaid Ocean Services IPO is a Book Built Issue. The IPO total issue size is Rs [.]. The Zaggle Prepaid Ocean Services IPO price is [.] to [.] per share. The IPO will list on BSE, NSE.
| Issue Size | 563.38 Cr. |
| Fresh Issue | [.] shares (aggregating up to ₹392.00 Cr) |
| Offer for Sale | 10,449,816 shares of ₹1 (aggregating up to ₹[171.38] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 98,194,319 |
Zaggle Prepaid Ocean Services IPO Reservation
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
Company Financials
| Period | Mar 2023 |
| Assets | 234.76 |
| Revenue | 554.58 |
| Profit | 22.90 |
| Net Worth | 48.75 |
| Reserves | 39.36 |
| Borrowing | 121.07 |