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Zaggle Prepaid Ocean Services Limited IPO

Zaggle Prepaid Ocean Services Limited IPO was engaged in Established in 2011, their business operates in a sector where they engage with both businesses (their customers) and employees. They stand out as one of the few companies with a wide range of fintech products and services, and they hold one of the largest numbers of prepaid cards issued in India. Their position lies at the crossroads of two important ecosystems: Software as a Service (SaaS) and fintech. Their SaaS platform serves two main purposes: (i) helping businesses manage their spending, which includes handling expenses and overseeing vendors, and (ii) managing rewards and incentives for both employees and channel partners.

Company Promoters:

·  Raj P Narayanam
·  Avinash Ramesh Godkhindi

Objects of this Issue:

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

Financial Information of the Company:

	Amount in Million (Rs.)
	As on 31 Mar 2023	As on 31 Mar 2022	As on 31 Mar 2021
Total Assets	2,347.59	926.53	620.80
Total Liabilities	1,860.08	962.11	1,076.31
Net Profit	229.01	419.21	193.30

Zaggle Prepaid Ocean Services Limited IPO Schedule

1.     Bid or Offer Opens on: 14 September 2023
2.     Bid or Offer Closes on: 18 September 2023
3.     Finalization of BoA: 22 September 2023
4.     Initiation of Refunds: 25 September 2023
5.     Credit of share to Demat account: 26 September 2023
6.     Listing Date: 27 September 2023

Zaggle Prepaid Ocean Services Limited IPO Lot Size

Market lot size of the ZAGGLE PREPAID OCEAN SERVICES LIMITED IPO is 1 share. Minimum and Maximum order quantity is as follows:

Company Contact Details:

Zaggle Prepaid Ocean Services Limited IPO

301, III Floor, CSR Estate, Plot

No.8, Sector 1, HUDA Techno

Enclave, Madhapur Main

Road, Hyderabad, Rangareddi

500 081, Telangana, India

Phone: +91 40 23119049

Email: haripriya.singh@zaggle.in

Website: www.zaggle.in

Zaggle Prepaid Ocean Services Limited IPO Registrar Details:

KFin Technologies Limited

Selenium, Tower-B

Plot No. 31 & 32, Financial District

Nanakramguda, Serilingampally

Hyderabad, Rangareddi 500 032

Telangana, India

Phone: +91 40 6716 2222

Email:  samhihotels.ipo@kfintech.com

Website:  www.kfintech.com