Zaggle Prepaid Ocean Services IPO opens tomorrow; GMP, price band, dates and other details to know
startups, and SMEs. Prepaid cards and Software as a Service (SaaS)-enabled staff management are how the fintech company accomplishes this. Zaggle's focus on automation and innovative workflows perfectly meshes with the changing needs of businesses as the fintech sector continues to change the financial environment.
For the fiscal year that ended on March 31, 2022, Zaggle reported total revenues of Rs. 371.66 crores. Its assets were worth ₹234.76 crores as of March 31, 2023, while its revenue was ₹554.58 crores.
The net worth increased to ₹48.75 crores due to the profit after taxes of ₹22.90 crores, which was supported by reserves and a surplus of ₹39.36 crores. However, it's worth noting that the company's financial journey includes periods of losses, as indicated by the profit after tax of ₹338.59 crores as of March 31, 2023, according to reports. The company does not have any listed industry peers in India or abroad.
Zaggle IPO floor price is 156 times the face value and the cap price is 164 times the face value. Here are the 10 key things to know about Zaggle IPO: Zaggle IPO date: Zaggle Prepaid Ocean Services IPO opens for subscription on Thursday, September 14, and closes on Monday, September 18. Zaggle IPO price band: The company has set the price band in the range between ₹156 to ₹164 per equity share of face value of ₹1 each.
Zaggle IPO lot size: Zaggle IPO lot size is 90 equity shares and in multiples of 90 equity shares thereafter. Anchor Investors: The allocation to anchor investors for Zaggle IPO is scheduled to take place on Wednesday, September 13. Zaggle IPO details: Zaggle IPO is made up of fresh issue comprises of shares worth ₹392 crore and offer for sale (OFS) portion consists of 10,449,816 shares of
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