Zaggle Prepaid Ocean Services Limited

Company Profile
Company Name Zaggle Prepaid Ocean Services Limited
Open Date 14-09-2023
Close Date 18-09-2023
Exchange BSE, NSE
Lot Size 90 Shares
Issue Price ₹156 to ₹164 per share
Issue Size 3,43,52,255 Equity Shares
Application Amount Min. Inv. - ₹ 14,760 (90 shares) Max. Inv. - ₹ 1,91,880 (1,170 shares)
Recommendation Neutral

Zaggle Prepaid Ocean Services Limited was incorporated in the year 2011 and has its registered office in Hyderabad. The Company is engaged in providing 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. As of 31st March 23, the Company has 273 employees on its payroll.

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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 6,208.00 9,265.30 23,475.90
Net Assets -4,555.10 -355.80 4,875.10
Total Borrowings 6,908.40 6,447.20 12,107.30
Total Revenue 24,029.30 37,166.40 55,457.50
Profit After Tax 1,933.00 4,192.10 2,290.10

Tentative Timeline

Opening Date 14/09/2023
Closing Date 18-09-2023
Basis of Allotment 22-09-2023
Initiation of Refunds 25-09-2023
Credit of Shares to Demat 26-09-2023
Listing Date 27-09-2023

Objects of the Issue

Expenditure for Customer acquisition and development of technology
Repayment/ pre-payment of certain borrowings.
General Corporate Purposes.

Contact Information

Registered Office 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

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

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

Shareholding Pattern

Pre Issue Share Holding (Promoters) 57.91%
Post Issue Share Holding (Promoters) 38.01%

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