Zaggle Prepaid Ocean Services Limited IPO
Zaggle Prepaid Ocean Services Limited was a mainboard IPO in the IT Enabled Services sector, offered at ₹156–₹164 per share to raise ₹563 crore. The issue was subscribed 12.57× overall (QIBs 16.73×, NIIs 8.85×, retail 5.94×). It listed on 22 Sep 2023 at ₹164 and closed its first day at ₹158, a listing loss of -3.5% versus the ₹164 issue price. It now trades around ₹154 (-6.0% versus the issue price).
Frequently asked questions
- How many times was the Zaggle Prepaid Ocean Services Limited IPO subscribed?
- The Zaggle Prepaid Ocean Services Limited IPO was subscribed 12.57× overall — 16.73× in the QIB category, 8.85× among non-institutional investors, 5.94× in retail.
- What were the Zaggle Prepaid Ocean Services Limited IPO listing gains?
- Zaggle Prepaid Ocean Services Limited listed on 22 Sep 2023 at ₹164, closing its first day at ₹158 — a listing loss of -3.5% versus the ₹164 issue price.
- What were the retail allotment odds for the Zaggle Prepaid Ocean Services Limited IPO?
- Retail was subscribed 5.94×, so a single-lot application had roughly a 16.8% chance of allotment (about 1 in 6), and allotment was finalised on 18 Sep 2023.
- What was the price band and lot size of the Zaggle Prepaid Ocean Services Limited IPO?
- The price band was ₹156–₹164 per share, with a minimum lot of 90 shares (₹14,760 at the upper band).
- Who were the registrar and lead manager for the Zaggle Prepaid Ocean Services Limited IPO?
- Kfin Technologies Limited was the registrar, and ICICI Securities was the book-running lead manager.