Zaggle Prepaid Ocean Services Limited, founded in 2011, provides financial technology (fintech) tools and services to manage corporate business expenses through automated and innovative processes.
Fintech and SaaS products and services are provided to corporations in the banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile industries. The SaaS platform is intended for the following purposes: (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 comprises the following:
- Propel is a SaaS platform for channel rewards and incentives, as well as staff rewards and recognition.
- Save is a SaaS-based platform and mobile app that provides cost management solutions for company spend management, including digital employee reimbursements and tax benefits.
- CEMS: a customer engagement management system that enables retailers to manage their client experiences holistically, including rewarding merchants with gift cards and loyalty rewards.
- Zaggle Payroll Card: a prepaid payroll card that clients can use to pay contractors, consultants, seasonal and temporary employees, and unbanked wage workers instead of direct deposits into bank accounts or cash payments.s.
- Zoyer is a SaaS-based integrated data-driven business expenditure management software with incorporated automated financial capabilities in core invoice-to-pay workflows.
Zaggle Prepaid Ocean Services IPO Details
| IPO Date | September 14, 2023 to September 18, 2023 |
| Listing Date | [.] |
| Face Value | Rs 1 per share |
| Price | Rs 156 to Rs 164 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 34,352,255 shares (aggregating up to Rs 563.38 Cr) |
| Fresh Issue | 23,902,439 shares (aggregating up to Rs 392.00 Cr) |
| Offer for Sale | 10,449,816 shares of Rs 1 (aggregating up to Rs 171.38 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 98,194,319 |
| Share holding post issue | 122,096,758 |
Zaggle Prepaid Ocean Services IPO Timetable
| IPO Open Date | Thursday, September 14, 2023 |
| IPO Close Date | Monday, September 18, 2023 |
| Basis of Allotment | Friday, September 22, 2023 |
| Initiation of Refunds | Monday, September 25, 2023 |
| Credit of Shares to Demat | Tuesday, September 26, 2023 |
| Listing Date | Wednesday, September 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2023 |
Zaggle Prepaid Ocean Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | Rs 14,760 |
| Retail (Max) | 13 | 1170 | Rs 191,880 |
| S-HNI (Min) | 14 | 1,260 | Rs 206,640 |
| S-HNI (Max) | 67 | 6,030 | Rs 988,920 |
| B-HNI (Min) | 68 | 6,120 | Rs 1,003,680 |
