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.

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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

Listing price

₹ 164

Listing Gain

0.00%

Listing Date

2023-09-22

CMP

₹ 213.17

Current Return

29.98%

Zaggle Prepaid Ocean Services Ltd. News

Zaggle Prepaid Ocean Services inks pact with Punjab National Bank20 Jun 2026, 12:05PM Zaggle Prepaid Ocean Services surges on acquiring 100% CCPS stake in Rivpe Technology15 Jun 2026, 9:56AM Zaggle Prepaid Ocean Services acquires 100% CCPS stake in Rivpe Technology13 Jun 2026, 11:06AM Zaggle inks pact with Crompton Greaves Consumer Electricals11 Jun 2026, 12:44PM Zaggle Prepaid Ocean Services informs about execution of agreement 11 Jun 2026, 12:16PM Zaggle inks pact with Bikaji Foods International15 May 2026, 4:59PM Zaggle Prepaid Ocean - Quaterly Results14 May 2026, 12:00AM Zaggle amends customer service agreement with Honasa Consumer9 May 2026, 2:25PM Zaggle moves up on inking pact with The Supreme Industries7 May 2026, 9:27AM Zaggle inks pact with The Supreme Industries6 May 2026, 5:22PM Zaggle inks pact with Federal Bank17 Apr 2026, 2:09PM Zaggle inks pact with Generali Central Insurance Company 11 Apr 2026, 4:45PM Zaggle Prepaid Ocean Services informs about update on acquisition4 Apr 2026, 10:27AM Zaggle Prepaid Ocean Services informs about resignation of CFO and appointment of interim CFO 4 Apr 2026, 10:24AM Zaggle makes investment of Rs 49.99 crore in RTPL2 Apr 2026, 4:12PM Zaggle Prepaid Ocean Services surges on the bourses 2 Apr 2026, 10:12AM Zaggle Prepaid Ocean Services informs about investor release1 Apr 2026, 9:36AM Zaggle zooms on inking pact with Fanuc India1 Apr 2026, 9:26AM Zaggle inks pact with Fanuc India1 Apr 2026, 9:10AM Zaggle rises on inking pact with CNH Industrial (India)10 Mar 2026, 9:54AM

Company Financials

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

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 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 239.97 371.26 553.46 775.6 1302.65
Total Expenditure 212.34 311.32 506.94 704.95 1187.36
Operating Profit 27.63 59.94 46.52 70.65 115.29
Other Income 0.33 0.41 2.74 11.27 24.51
Interest 7.71 7.07 11.42 13.78 7.69
Depreciation 2.05 2.1 6.2 8.36 14.69
Exceptional Items 0 0 0 0 0
Profit Before Tax 18.2 51.18 31.64 59.78 117.42
Provision for Tax -1.13 9.26 8.73 15.76 29.94
Net Profit 19.33 41.92 22.9 44.02 87.48
Adjusted EPS (Rs.) 0.21 0.46 0.25 0.36 0.65

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 0.18 0.18 9.22 12.25 13.42
Total Reserves -45.73 -3.74 39.53 563.13 1234.19
Borrowings 37.69 48.33 51.33 15.47 0
Other N/C liabilities -6.93 3.37 15.78 7.64 9.31
Current liabilities 66.18 42.06 121.49 94.88 50.82
Total Liabilities 51.39 90.19 237.35 693.38 1307.74
Assets
Net Block 7.32 11.92 28.91 22.6 104.18
Capital WIP 0 0 0 0 0
Intangible WIP 0 1.5 10.87 49.86 22.02
Investments 0 0 0.49 25.98 81.58
Loans & Advances 7.88 15.23 17.43 8.43 47.24
Other N/C Assets 0 0 0 0 0
Current Assets 36.19 61.55 179.66 586.5 1052.73
Total Assets 51.39 90.19 237.35 693.38 1307.74
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Other Income 12.73 11.71 9.3 8.5 7.75
Profit Before Tax 42.11 34.56 44.46 48.22 50.69
Tax 10.15 8.68 11.22 12.25 12.92
Profit After Tax 31.96 25.88 33.24 35.97 37.77
Adjusted EPS (Rs) 2.38 1.93 2.48 2.68 2.81

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2026 44.15 0.55
Dec 2025 44.13 0.36
Sep 2025 44.2 0
Jun 2025 44.2 0
Mar 2025 44.21 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 18.2 51.18 31.64 59.78 117.42
Adjustment 10.09 10.3 29.72 26.38 7.41
Changes in Assets & Liabilities -21.46 -35.41 -73.62 -159.72 -77.59
Tax Paid -3.41 -5.99 -3.36 -9.19 -27.39
Operating Cash Flow 3.41 20.08 -15.62 -82.75 19.85
Investing Cash Flow -1.01 -9.87 -18.15 -331.89 -486.14
Financing Cash Flow -5.68 -12.29 52.64 402.99 496.34
Net Cash Flow -3.28 -2.08 18.88 -11.65 30.05
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