Published : September 13, 2023
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:
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.
The subscription for the IPO will be open from September 14th and will close on September 18th.
|IPO Open Date||Thursday, September 14, 2023|
|IPO Close Date||Monday, September 18, 2023|
The price band for the Zaggle Prepaid Ocean IPO has been set at ₹156 to ₹164 per share.
|IPO Price||₹156 to ₹164 per share|
|Issue Type||Book Built Issue IPO|
|Face Value||₹1 per share|
|Market Lot||90 Shares|
|Listing At||BSE, NSE|
|Total Issue Size||(aggregating up to ₹563.38 Cr)|
The promoters of the company are Mr. Raj P Narayanam and Mr. Avinash Ramesh Godkhindi.
|Pre Issue Share Holding||57.91%|
|Post Issue Share Holding|
|Period Ended||31 Mar 2023|
|Profit After Tax||22.90|
|Reserves and Surplus||39.36|
Kfin Technologies Limited
Phone: 04067162222, 04079611000
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
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