Zaggle Prepaid Ocean IPO review ,GMP, Price, Date, Allotment

 

Zaggle Prepaid Ocean ipo Review: Zaggle Prepaid Ocean  is coming up with its Initial Public Offering

Zaggle-Prepaid-Ocean-IPO.
Zaggle-Prepaid-Ocean-IPO.

Zaggle Prepaid Ocean IPO- About The Company

 

Zaggle Prepaid Ocean Services Limited provides financial technology (fintech) products and services to manage corporate business expenses through automated and innovative workflows.

The company is sector-agnostic, and its network of corporate customers covers the banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure and automobile industries, among others, where it has relationships with brands such as TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL, Hiranandani group, Cotiviti and Greenply 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) a gift card management for merchants, which it refers to as customer engagement management system (CEMS).

The company’s product portfolio includes:

  • 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.
  • 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.

For more visit- https://www.sebi.gov.in/

Object Of The Issue

 

  • Expenditure towards Customer acquisition and retention.
  • Expenditure towards development of technology and products.
  • Repayment of certain borrowings, in full or part, availed by the Company.
  • General corporate purposes.

 

Zaggle Prepaid Ocean ipo- Financial

 

  FY 2021 FY 2022 FY 2023
Revenue 239.97 371.26 553.46
Expenses 223.0 320.49 522.94
Net income 19.33 41.92 22.90
Margin (%) 8.06 11.29 4.14

Figures in INR crore 

 

Zaggle Prepaid Ocean Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 2.11 4.57 2.46
PE ratio
RONW (%) (42.44) (1,178.22) 46.98
NAV (0.39) 5.29
ROE (%) (42.44) (1,178.22) 46.98
EBITDA (%) 11.51 16.12 8.69
Debt/Equity (1.52) (18.12) 2.42

 

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Zaggle Prepaid Ocean Services IPO – Details

Zaggle IPO Dates 14 – 18 Sep 2023
Zaggle IPO Price 156 – 164 per share
Fresh issue INR 392 crore
Offer For Sale 10,449,816 shares
INR 163.02 – 171.38 crore
Total IPO size INR 555.02 – 563.38 crore
Minimum bid (lot size) 90 shares
INR 14,760
Face Value  INR 1 per share
Retail Allocation 10%
Listing On BSE, NSE

 

Zaggle Prepaid Ocean IPO Dates

 

Zaggle Prepaid Ocean IPO Opening Date 14 September 2023
Zaggle Prepaid Ocean IPO Closing Date 18 September 2023
Finalization of Basis of Allotment 22 September 2023
Initiation of refunds 25 September 2023
Transfer of shares to demat accounts 26 September 2023
Zaggle Prepaid Ocean IPO Listing Date 27 September 2023

 

Zaggle Prepaid Ocean ipo – strengths 

 

  • A differentiated SaaS-based fintech platform offering a combination of payment methods, mobile applications, and API integrations

 

  • In-house developed technology and strong network effects. A business model with diverse revenue streams and low customer acquisition and retention costs.

 

  •  Diverse customer relationships across industries and preferred bank-dealer partnerships. 

 

  • and An experienced management team with extensive industry expertise is supported by dedicated employees.

 

Zaggle Prepaid Ocean ipo – weakness 

 

  • Dependent on third-party payment networks The company is dependent on third-party payment networks to operate its prepaid card business

 

  • Recognise revenue over the term of the contracts with customers The company’s revenue comes over the term of the contracts with customers. Consequently, downturns in sales may not be immediately reflected in the operating results until one or more quarters following the actual decrease in sales

 

Zaggle Prepaid Ocean IPO GMP Today

 

Date Ipo gmp  Kostak Subject to Sauda
20

Zaggle Prepaid Ocean IPO Allotment Status

Zaggle Prepaid Ocean IPO allotment will be available on the KFin Tech website.

Click on this link to get allotment status.

 

Zaggle Prepaid Ocean Services Contact Details

ZAGGLE PREPAID OCEAN SERVICES LIMITED
Unit no. 602 and 603, 6th Floor,
Hyde Park, Opposite Ansa Industrial Estate,
Saki Vihar Road, Andheri East, Mumbai, 400 072, Maharashtra
Phone: +91 22 4879 4879
Email: haripriya.singh@zaggle.in
Website: www.zaggle.in

 

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