Zaggle Prepaid Ocean Services IPO Details

Open Date

14 Sep 2023

18 Sep 2023


Rs. 563 Cr

Lot Size

IPO Size

Listing At


Listing  Date

Price Range

₹156 to ₹164

Close Date

Allotment Date

22 Sep 2023

27 Sep 2023

IPO Details

Zaggle Prepaid Ocean Services Limited, founded in 2011, offers financial technology (fintech) tools and services to manage corporate business expenses through automated and innovative processes. Fintech and SaaS products and services are provided to corporations in the banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile industries.

About the Company

The company intends to utilize the net proceeds from the issue towards the funding of the following objects: 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.


The book-running lead managers to the offer are: ICICI Securities Ltd  Equirus Capital Private Ltd  IIFL Securities Ltd  JM Financial Ltd

Book Runners

Disclaimer Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.