“Zaggle Prepaid Ocean Services Limited IPO: Your Path to Opportunity”

Overview:

• Founded in 2011, Zaggle Prepaid Ocean Services Limited specializes in fintech and SaaS solutions.
• Their services target a wide range of industries, including banking, technology, healthcare, manufacturing, FMCG, infrastructure, and automobiles.
• The company’s SaaS platform covers business expense management, vendor management, employee and channel partner incentives management, and merchant gift card management (CEMS).

Zaggle’s product portfolio includes:

• Propel: A corporate SaaS platform for channel rewards, incentives, and employee recognition.
• Save: A SaaS-based platform and mobile app for digitized expense management and employee reimbursements.
• CEMS: A customer engagement management system for comprehensive merchant customer experiences, including gift cards and loyalty rewards.
• Zaggle Payroll Card: A prepaid card for paying contractors, consultants, seasonal/temporary employees, and unbanked wage workers.
• Zoyer: An integrated, data-driven SaaS platform for business spend management with automated finance capabilities in core invoice-to-pay workflows.

Zaggle Prepaid Ocean Services serves clients including TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP Sanjiv Goenka Group), Hiranandani Group, Cotiviti, Greenply Industries, and others.

As of fiscal 2023, the company boasts:

• Over 250 employees
• 7 offices throughout India
• More than 1,750 customers
• Over 1.7 million end users.

Company Financials:

Period Ended	31 Mar 2023
Assets	234.76
Revenue	554.58
Profit After Tax	22.90
Net Worth	48.75
Reserves and Surplus	39.36
Total Borrowing	121.07

Objects of the Issue:

The company plans to use the net proceeds from the issue for the following purposes:

• Investment in customer acquisition and retention.
• Development of technology and products.
• Repayment or pre-payment of certain borrowings, either fully or partially.
• General corporate purposes.

Zaggle Prepaid Ocean Services IPO Review (May apply)

The company, with its wide range of fintech products and services, holds a distinctive position in the market. While the IPO seems to have a high price tag, the company is capitalizing on its unique business model. Savvy investors might consider investing for potential medium to long-term gains.

Zaggle Prepaid Ocean Services IPO Subscription Status (Bidding Detail)

• The Zaggle Prepaid Ocean Services IPO is subscribed 0.20 times as of Sep 14, 2023, at 7:02 PM.
• The retail category recorded a subscription of 0.92 times.
• The QIB category had no subscriptions.
• The NII category witnessed a subscription of 0.11 times.

Check Day by Day Subscription Details (Live Status)

Zaggle Prepaid Ocean Services IPO GMP:

• Zaggle Prepaid Ocean Services IPO last GMP is ₹33, last updated on Sep 14th, 2023, at 09:00 PM.
• With a price band of ₹164.00, the estimated listing price for Zaggle Prepaid Ocean Services IPO is ₹197 (capital price + today’s GMP).

• The expected percentage gain/loss per share is 20.12%.
• For retail investors, the subject-to-sauda price is ₹2300.
• Small HNI investors’ subject-to-sauda price is ₹32200.

check day by day GMP Details(Live Status)

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