Zaggle Prepaid Ocean Services Ltd. IPO

Zaggle Prepaid Ocean Services, founded in 2011, is a prominent Indian fintech company. They specialize in prepaid cards, SaaS solutions for spend management, and customer engagement systems. With a wide customer base across various industries, they're a key player in India's fintech sector, focusing on cross-selling and ecosystem-based strategies for growth and customer retention.

RHP
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DRHP
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Open Date

2023-09-14

Close Date

2023-09-18

IPO Details

Check out the issue details for Zaggle Prepaid Ocean Services Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 164

Price Band

₹ 156 - 164

Issue Size

563.38 Cr.

Issue Type

Book Built

Open

2023-09-14

Close

2023-09-18

Listingprice

₹ 164

ListingGain

0.00%

Listing Date

2023-09-22

CMP

₹ 291.9

Current Return

77.99%

Company Financials

You can get the following financial statements of Zaggle Prepaid Ocean Services Ltd. as of now.

Subscription Details

The details about the Zaggle Prepaid Ocean Services IPO is as:

  • The issue size of the IPO is 563.38 Cr.
  • The price band for Zaggle Prepaid Ocean Services IPO is Rs 156 to Rs 164.
  • The shares of Zaggle Prepaid Ocean Services IPO will list on 22nd September 2023.
  • The latest tentative GMP of Zaggle Prepaid Ocean Services IPO is Rs 15.
  • The shares of Zaggle Prepaid Ocean Services IPO is subscribed 12.86 Times as of 18 September 2023.

 

Zaggle Prepaid Ocean Services IPO Valuation

The approx valuation of Zaggle Prepaid Ocean Services IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 164
Existing Shares (Qty) 9.81 Cr
Fresh Issue 392 Cr
Market Cap 2000.84 Cr
EPS (FY23) Rs 2.48
PE Ratio 66.12x

 

Zaggle Prepaid Ocean Services IPO Issue Size

Zaggle Prepaid Ocean Services IPO issue size is 563.38 Cr. 

Issue Amount
Fresh Issue 392 Cr
Offer For Sale 171.38 Cr

  

Zaggle Prepaid Ocean Services IPO Market Lot

An Individual can apply for a minimum 1 lot of 90 shares and a maximum of 13 lots of 1170 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 90 Rs 14,760
 Maximum 13 1170 Rs 1,91,880

 

Zaggle Prepaid Ocean Services IPO share offer

The shares of Zaggle Prepaid Ocean Services IPO is subscribed 12.86 Times as of 18 September 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscribed
Qualified Institutional Minimum 75% 16.94 Times
Non-Institutional Maximum 15% 9.16 Times
Retail Individual Maximum 10% 6.15 Times
Total   12.86 Times

 

Allotment Details

Find below the dates for Zaggle Prepaid Ocean Services IPO:

Schedule Date
Basis of Allotment 22 September 2023
Refunds 25 September 2023
Credit to Demat Account 26 September 2023
IPO Listing Date 27 September 2023

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 68.33 239.97 371.26 553.46
Total Expenditure 57.08 212.34 311.32 505.32
Operating Profit 11.25 27.63 59.94 48.14
Other Income 0.03 0.33 0.41 1.12
Interest 4.63 7.71 7.07 11.42
Depreciation 1.88 2.05 2.1 6.2
Exceptional Items 0 0 0 0
Profit Before Tax 4.77 18.2 51.18 31.64
Provision for Tax 1.05 -1.13 9.26 8.73
Net Profit 3.72 19.33 41.92 22.9
Adjusted EPS (Rs.) 0.04 0.21 0.46 0.25

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 0.18 0.18 0.18 9.22
Total Reserves -65.14 -45.73 -3.74 39.53
Borrowings 63.4 37.69 48.33 51.33
Other N/C liabilities -5.44 -6.93 3.37 14.7
Current liabilities 46.45 66.18 42.06 117.67
Total Liabilities 39.45 51.39 90.19 232.45
Assets
Net Block 8.39 7.32 11.92 28.91
Capital WIP 0 0 0 0
Intangible WIP 0 0 1.5 10.87
Investments 0 0 0 0.49
Loans & Advances 4.44 7.88 15.23 16.35
Other N/C Assets 0 0 0 0
Current Assets 26.63 36.19 61.55 175.84
Total Assets 39.45 51.39 90.19 232.45
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023
Other Income 1.46 0.67 4.47
Profit Before Tax 2.99 9.92 20.9
Tax 0.94 2.34 5.68
Profit After Tax 2.06 7.59 15.22
Adjusted EPS (Rs) 0.22 0.62 1.25

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 44.07 0
Sep 2023 44.07 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 4.77 18.2 51.18 31.64
Adjustment 6.34 10.09 10.3 29.72
Changes in Assets & Liabilities -29.58 -21.46 -35.41 -73.62
Tax Paid -1.95 -3.41 -5.99 -3.36
Operating Cash Flow -20.41 3.41 20.08 -15.62
Investing Cash Flow -3.74 -1.01 -9.87 -24.31
Financing Cash Flow 26.79 -5.68 -12.29 58.81
Net Cash Flow 2.64 -3.28 -2.08 18.88
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