Zaggle Prepaid Ocean Services IPO GMP Today

Zaggle Prepaid Ocean Services IPO GMP Today

The Zaggle Prepaid Ocean Services IPO commenced on September 14, 2023, and concluded on September 18, 2023. The allotment of shares took place on September 22, 2023, and the initiation of refunds began on September 25, 2023. The shares were credited to the demat accounts of investors on September 26, 2023. Finally, the listing of Zaggle Prepaid Ocean Services on the stock exchange occurred on September 27, 2023.

The Zaggle Prepaid Ocean Services IPO was priced at ₹156 to ₹164 per share, with a lot size of 90. The total issue size was ₹563.38 crores, comprising a fresh issue of 392.00 crores and an offer for sale of ₹171.38 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 75% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 10% of the shares.

Zaggle Prepaid Ocean Services IPO Basic Details

Company NameZaggle Prepaid Ocean Services Limited
Domain of CompanyFinancial Technology (Fintech)
Zaggle Prepaid Ocean Services IPO GMP Today₹36
Zaggle Prepaid Ocean Services IPO Listing Gain21.95%
Zaggle Prepaid Ocean Services IPO Open DateSeptember 14, 2023
Zaggle Prepaid Ocean Services IPO Close DateSeptember 18, 2023
Zaggle Prepaid Ocean Services IPO Allotment DateSeptember 22, 2023
Zaggle Prepaid Ocean Services IPO Listing DateSeptember 27, 2023
Face Value₹1 per share
Price₹156 to ₹164 per share
Lot Size90 Shares
Issue Size34,352,255 shares of ₹1
(aggregating up to ₹563.38 Cr)
Fresh Issue23,902,439 shares of ₹1
(aggregating up to ₹392.00 Cr)
Offer for Sale10,449,816 shares of ₹1
(aggregating up to ₹171.38 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Company PromotersRaj P Narayanam And
Avinash Ramesh Godkhindi

Zaggle Prepaid Ocean Services IPO GMP Today:

DateGMPListing GainKostakSubject to
14 September 2023₹3621.95%
13 September 2023₹2515.24%
12 September 2023₹2515.24%

Zaggle Prepaid Ocean Services IPO Details:

Founded in 2011, Zaggle Prepaid Ocean Services Limited specializes in financial technology (fintech) solutions designed to streamline corporate expense management through cutting-edge automation.

Our fintech and Software as a Service (SaaS) offerings cater to a wide range of industries, including banking, finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobiles. Our SaaS platform serves three primary functions:

  1. Business Spend Management: This encompasses expense management and vendor oversight.
  2. Rewards and Incentives Management: We provide solutions for recognizing and rewarding both employees and channel partners.
  3. Gift Card Management: Our system, known as the Customer Engagement Management System (CEMS), assists merchants in effectively managing customer engagement through gift cards and loyalty programs.

Zaggle boasts a diverse product portfolio:

  • Propel: A corporate SaaS platform for managing channel rewards, incentives, and employee recognition.
  • Save: A SaaS-based platform and mobile app that simplifies expense management, facilitating digitized employee reimbursements and tax benefits.
  • CEMS: Our Customer Engagement Management System empowers merchants to enhance customer experiences through gift cards and loyalty benefits.
  • Zaggle Payroll Card: This prepaid card offers a convenient alternative for paying contractors, consultants, seasonal employees, and unbanked workers, eliminating the need for bank deposits or cash payments.
  • Zoyer: An integrated, data-driven SaaS platform that streamlines business spend management, featuring automated finance capabilities within core invoice-to-pay workflows.

Our client roster includes esteemed companies such as TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP Sanjiv Goenka Group), Hiranandani Group, Cotiviti, Greenply Industries, and more.

As of the fiscal year 2023, Zaggle Prepaid Ocean Services employs over 250 professionals, maintains seven offices across India, serves more than 1,750 clients, and reaches over 1.7 million end users.

Zaggle Prepaid Ocean Services IPO More Details Click Here

Zaggle Prepaid Ocean Services IPO FAQs

When is Zaggle Prepaid Ocean Services IPO open?

Zaggle Prepaid Ocean Services IPO will open on 14 September 2023.

When is Zaggle Prepaid Ocean Services IPO Close?

Zaggle Prepaid Ocean Services IPO will be closed on 18 September 2023.

What is Zaggle Prepaid Ocean Services IPO GMP Today?

The Zaggle Prepaid Ocean Services IPO GMP aka Grey Market Premium is ₹36.

What is Zaggle Prepaid Ocean Services IPO Kostak Rates Today?

The Zaggle Prepaid Ocean Services IPO Kostak Rate is ₹000.

What is Zaggle Prepaid Ocean Services IPO Subject to Sauda Price Today?

The Zaggle Prepaid Ocean Services IPO subject to sauda rates is ₹000.

Zaggle Prepaid Ocean Services IPO Expected Returns?

The Zaggle Prepaid Ocean Services expected return is 21.95%.

How much will be the listing gain in Zaggle Prepaid Ocean Services IPO?

Zaggle Prepaid Ocean Services IPO will get listing gain of 21.95%. (Approx.)

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