Zaggle Prepaid Ocean Services Limited
- IPO Date14 Sep, 2023 to 18 Sep, 2023
- Listing Date27 Sep, 2023
- Face Value₹1 per share
- Issue Price₹156 to ₹164 per share
- Lot Size90 Shares
- Minimum Investment₹14,760
- Listing AtBSE, NSE
- Total Issue Size3,43,52,255 Shares
(aggregating up to ₹563.38 Cr) - Fresh Issue2,39,02,439 Shares
(aggregating up to ₹392.00 Cr)
- Offer for Sale1,04,49,816 Shares
(aggregating up to ₹171.38 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue9,81,94,319
- Shareholding post issue12,20,96,758
IPO Dates
Closing Date
18 Sep, 2023
Initiation of Refunds
26 Sep, 2023
Listing Date
27 Sep, 2023
14 Sep, 2023
Opening Date
22 Sep, 2023
Basis of Allotment
26 Sep, 2023
Credit of Shares
Zaggle Prepaid Ocean Services Limited Lot Size
Investors can bid for a minimum of 90 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,760 |
| B-HNI (Min) | 68 | 6120 | ₹10,03,680 |
| S-HNI (Min) | 14 | 1260 | ₹2,06,640 |
| S-HNI (Max) | 67 | 6030 | ₹9,88,920 |
| Retail (Max) | 13 | 1170 | ₹1,91,880 |
Zaggle Prepaid Ocean Services Limited Promoter Holding
Mr. Raj P Narayanam and Mr. Avinash Ramesh Godkhindi are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 57.91% | - |
Zaggle Prepaid Ocean Services Limited COMPANY INFORMATION
Zaggle Prepaid Ocean Services IPO is a book built issue of Rs 563.38 crores. The issue is a combination of fresh issue of 2.39 crore shares aggregating to Rs 392.00 crores and offer for sale of 1.04 crore shares aggregating to Rs 171.38 crores.
Zaggle Prepaid Ocean Services IPO bidding started from September 14, 2023 and ended on September 18, 2023. The allotment for the Zaggle Prepaid Ocean Services IPO is expected to be finalized on Friday, September 22, 2023. Zaggle Prepaid Ocean Services IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, September 27, 2023.
Zaggle Prepaid Ocean Services IPO price band is set at ₹156 to ₹164 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹14,760. The minimum lot size investment for sNII is 14 lots (1,260 shares), amounting to ₹206,640, and for bNII, it is 68 lots (6,120 shares), amounting to ₹1,003,680.
ICICI Securities Limited, Equirus Capital Private Limited, Iifl Securities Ltd and Jm Financial Limited are the book running lead managers of the Zaggle Prepaid Ocean Services IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Zaggle Prepaid Ocean Services IPO RHP for detailed information
FAQs About Zaggle Prepaid Ocean Services Limited
Zaggle Prepaid Ocean Services Limited will open on 14 Sep, 2023 and close on 18 Sep, 2023. Investors must apply within this period to participate.
The Zaggle Prepaid Ocean Services Limited price band is set between ₹156.00 and ₹164.00 per share. The minimum lot size is 90, requiring an investment of at least ₹14760.00.
The Zaggle Prepaid Ocean Services Limited shares are expected to be listed on 27 Sep, 2023, subject to regulatory approvals and final allotment.
You can track your Zaggle Prepaid Ocean Services Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Zaggle Prepaid Ocean Services Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.