Zaggle Prepaid Ocean Services Limited Incorporated in 2011, The company provides financial technology (fintech) products and services to manage corporate business expenses through automated and innovative workflows.
The company offers fintech and SaaS products and services to corporates working in the fields of banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile industries. The SaaS platform is designed for: (i) business spend management (including expense management and vendor management); (ii) rewards and incentives management for employees and channel partners; and (iii) gift card management for merchants, which we refer to as customer engagement management system (CEMS).
Zaggle’s product portfolio includes:
Propel: a corporate SaaS platform for channel rewards and incentives, employee rewards and recognition
Save: a SaaS-based platform and a mobile application that offers expense management solutions for business spend management facilitating digitized employee reimbursements and tax benefits.
CEMS: a customer engagement management system that enables merchants to comprehensively manage their customer experiences including rewarding merchants through gift card and loyalty benefits.
Zaggle Payroll Card: a prepaid payroll card that allows customers to pay contractors, consultants, seasonal and temporary employees, and unbanked wage workers as an alternative to direct deposits to bank accounts or cash payments.
Zoyer: an integrated data-driven, SaaS-based business spend management platform with embedded automated finance capabilities in core invoice-to-pay workflows.
Zaggle Prepaid Ocean Services’ clientele includes companies like TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP Sanjiv Goenka Group), Hiranandani Group, Cotiviti, Greenply Industries, and so on.
As of fiscal 2023, the company has over 250 employees, 7 offices across India, more than 1750 customers, and over 1.7 million end users.
(source-https://www.chittorgarh.com/)
Zaggle Prepaid Ocean Services Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 14 Sep 2023 |
| IPO Close Date | 18 Sep 2023 |
| Allotment Date | 22 Sep 2023 |
| IPO Listing Date | 27 Sep 2023 |
Zaggle Prepaid Ocean Services Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 1 Per Equity Share |
| IPO Price | Rs. 156 to Rs. 164 Per Equity Share |
| Market Lot | 90 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 563 Crore. |
Zaggle Prepaid Ocean Services Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 90 | Rs. 14760 |
| Maximum | 13 | 1170 | Rs. 191880 |
| Small HNI (Minimum) | 14 | 1260 | Rs. 206640 |
| Big HNI (Minimum) | 68 | 6120 | Rs. 1003680 |
Zaggle Prepaid Ocean Services Limited IPO Details Allotment Status
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Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 234.76 | – | – |
| Total Revenue | 554.58 | – | – |
| Profit After Tax | 22.90 | – | – |
Objects of the Issue
- Expenditure towards Customer acquisition and retention.
- Expenditure towards the development of technology and products.
- Repayment/ pre-payment of certain borrowings, in full or part, availed by the company.
- General corporate purposes.
Company Promoters:
Mr. Raj P Narayanam and Mr. Avinash Ramesh Godkhindi are the promoters of the company.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Zaggle Prepaid Ocean Services Limited 301, III Floor, CSR Estate, Plot No.8, Sector 1, HUDA Techno Enclave, Madhapur Main Road, Hyderabad, Rangareddi – 500 081 Phone: +91 40 2311 9049 Email: haripriya.singh@zaggle.in Website: https://www.zaggle.in | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: zaggle.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
