Zaggle Prepaid Ocean Services Limited IPO (Zaggle Prepaid Ocean Services IPO)

Zaggle Prepaid Ocean Services IPO

About Company –

Founded in 2011, Zaggle Prepaid Ocean Services Limited specializes in delivering financial technology (fintech) solutions and services designed to streamline corporate business expenses through automated and innovative workflows.

The company extends its fintech and SaaS products and services to a diverse array of corporate clients spanning the banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile sectors. Its SaaS platform encompasses:

1. Propel: A corporate SaaS platform designed for managing channel rewards and incentives, along with employee rewards and recognition.
2. Save: A SaaS-based platform, including a mobile application, that facilitates expense management solutions for business spend management. This platform simplifies digital employee reimbursements and offers tax benefits.
3. CEMS (Customer Engagement Management System): This system empowers merchants to comprehensively manage customer experiences, including rewarding them through gift cards and loyalty benefits.
4. Zaggle Payroll Card: A prepaid payroll card enabling customers to pay contractors, consultants, seasonal and temporary employees, as well as unbanked wage workers. This serves as an alternative to direct deposits to bank accounts or cash payments.
5. Zoyer: An integrated data-driven, SaaS-based business spend management platform featuring automated finance capabilities integrated into core invoice-to-pay workflows.

Zaggle Prepaid Ocean Services boasts an impressive client roster that includes notable companies such as TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP Sanjiv Goenka Group), Hiranandani Group, Cotiviti, Greenply Industries, and numerous others.

As of fiscal year 2023, the company has a workforce of over 250 employees, maintains seven offices throughout India, serves more than 1750 customers, and caters to over 1.7 million end users.

Zaggle Prepaid Ocean Services IPO Objective –

1. Allocation for customer acquisition and retention expenses.
2. Investment in technology and product development.
3. Repayment or prepayment, either in full or in part, of specific borrowings obtained by the company.
4. Addressing general corporate needs.

Zaggle Prepaid Ocean IPO Details

Open and Close Dates of Zaggle Prepaid Ocean IPO

The subscription for the IPO will be open from September 14th and will close on September 18th.

Zaggle Prepaid Ocean IPO share price

The price band for the Zaggle Prepaid Ocean IPO has been set at ₹156 to ₹164 per share.

Zaggle Prepaid Ocean IPO Issue Type, Face Value, IPO Price, Market Lot, Listing, Total Issue Size

Zaggle Prepaid Ocean IPO Promoter Holding

The promoters of the company are Mr. Raj P Narayanam and Mr. Avinash Ramesh Godkhindi.

Zaggle Prepaid Ocean Services’ Financial Information (Reiterated)

Zaggle Prepaid Ocean IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: zaggle.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Zaggle Prepaid Ocean IPO Lead Managers

1. ICICI Securities Limited
2. Equirus Capital Private Limited
3. Iifl Securities Ltd
4. Jm Financial Limited

Company Contact Information

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
Email: haripriya.singh@zaggle.in
Website: https://www.zaggle.in/

Zaggle Prepaid Ocean IPO Prospectus

Zaggle Prepaid Ocean Services IPO DRHP

Zaggle Prepaid Ocean Services IPO RHP

How to apply for the Zaggle Prepaid Ocean IPO?

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