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

Zaggle Prepaid Ocean Services Ltd. 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

₹ 532.3

Current Return

224.57%

Zaggle Prepaid Ocean Services Ltd. News

Zaggle Prepaid Ocean enters into agreement with Narayana Hrudayalaya19 Dec, 12:26PM Zaggle enters into agreement with HDFC Bank 9 Dec, 2:30PM Zaggle enters into agreement with Hitachi India 6 Dec, 4:32PM Zaggle Prepaid Ocean Services enters into agreement with Blink Commerce6 Dec, 11:08AM Zaggle inks agreement with Golden Jasraj Music Platforms for launch of prepaid card25 Nov, 10:42AM Zaggle Prepaid Ocean Services inks pact with Strada India21 Nov, 12:15PM Zaggle inks pact with Mumbai Metro One15 Nov, 12:45PM Zaggle Prepaid Ocean Services informs about press release13 Nov, 5:40PM Zaggle Prepaid Ocean - Quaterly Results13 Nov, 4:02PM Zaggle Prepaid Ocean - Quaterly Results13 Nov, 4:02PM Zaggle enters into agreement with Can Fin Homes9 Nov, 4:30PM Zaggle enters into agreement with Dr. Batra's Positive Health Clinic31 Oct, 6:27PM Zaggle enters into agreement with TBO TEK31 Oct, 9:41AM Zaggle inks pact with Founderlink Technologies, Supermarket Grocery Supplies25 Oct, 3:12PM Zaggle Prepaid Ocean Services informs about award of order25 Oct, 3:06PM Zaggle Prepaid Ocean Services inks pact with Pirelli Tyre (Suisse) SA25 Oct, 10:09AM Zaggle Prepaid Ocean Services enters into agreement with Equinox India9 Oct, 3:21PM Zaggle Prepaid Ocean Services informs about grant of options4 Oct, 5:21PM Zaggle Prepaid Ocean Services informs about outcome of board meeting26 Sep, 10:49AM Zaggle Prepaid Ocean Services gets nod to invest Rs 15.6 crore in Mobileware Technologies 26 Sep, 10:13AM

Company Financials

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

Exchange

NSE: ZAGGLE BSE: 543985

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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

 

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 Mar 2024
Net Sales 68.33 239.97 371.26 553.46 775.6
Total Expenditure 57.08 212.34 311.32 506.94 704.95
Operating Profit 11.25 27.63 59.94 46.52 70.65
Other Income 0.03 0.33 0.41 2.74 11.27
Interest 4.63 7.71 7.07 11.42 13.78
Depreciation 1.88 2.05 2.1 6.2 8.36
Exceptional Items 0 0 0 0 0
Profit Before Tax 4.77 18.2 51.18 31.64 59.78
Provision for Tax 1.05 -1.13 9.26 8.73 15.76
Net Profit 3.72 19.33 41.92 22.9 44.02
Adjusted EPS (Rs.) 0.04 0.21 0.46 0.25 0.36

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 0.18 0.18 0.18 9.22 12.25
Total Reserves -65.14 -45.73 -3.74 39.53 563.13
Borrowings 63.4 37.69 48.33 51.33 15.47
Other N/C liabilities -5.44 -6.93 3.37 15.78 8.49
Current liabilities 46.45 66.18 42.06 121.49 111.41
Total Liabilities 39.45 51.39 90.19 237.35 710.76
Assets
Net Block 8.39 7.32 11.92 28.91 22.6
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 1.5 10.87 49.86
Investments 0 0 0 0.49 25.98
Loans & Advances 4.44 7.88 15.23 17.43 9.29
Other N/C Assets 0 0 0 0 0
Current Assets 26.63 36.19 61.55 179.66 603.02
Total Assets 39.45 51.39 90.19 237.35 710.76
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 0.67 4.47 4.68 4.52 3.74
Profit Before Tax 9.92 20.9 25.96 22.76 25.79
Tax 2.34 5.68 6.8 6.04 7.23
Profit After Tax 7.59 15.22 19.16 16.72 18.56
Adjusted EPS (Rs) 0.62 1.25 1.56 1.37 1.51

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 43.88 0
Jun 2024 43.93 0
Mar 2024 43.93 0
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 Mar 2024
Profit from operations 4.77 18.2 51.18 31.64 59.78
Adjustment 6.34 10.09 10.3 29.72 26.38
Changes in Assets & Liabilities -29.58 -21.46 -35.41 -73.62 -159.72
Tax Paid -1.95 -3.41 -5.99 -3.36 -9.19
Operating Cash Flow -20.41 3.41 20.08 -15.62 -82.75
Investing Cash Flow -3.74 -1.01 -9.87 -18.15 -331.89
Financing Cash Flow 26.79 -5.68 -12.29 52.64 402.99
Net Cash Flow 2.64 -3.28 -2.08 18.88 -11.65
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