Zaggle Prepaid Ocean Services IPO Allotment Status:- On September 14, 2023, digital spending solutions company Zaggle Prepaid Ocean Services Limited issued its initial public offering (IPO) for Rs 490 crore. Zaggle Prepaid Ocean Services’ IPO has attracted a lot of attention and many investors have applied. Retail consumers have subscribed 12 times as much, according to the status of their Zaggle prepaid IPO subscriptions. Finance experts claim that this company has a very large customer base and works with SMEs, startups and other well-established companies to offer financial solutions.
I am writing to inform you that the allotment date for Zaggle’s prepaid IPO is September 22, 2023, and that is when everyone will know whether they have received shares or not. You can check Zaggle Prepaid IPO allocation status on kfintech.com to see who has received an allocation. Fintech is the official registrant of the company. To check the IPO allotment status of Zaggle Prepaid Ocean Services, visit bseindia.com and provide basic information such as your PAN card number and application number. Since this company will do well in the stock market, all investors should be happy. Zaggle GMP’s prepaid IPO today costs Rs 12 per share, according to analysts.
Zaggle Prepaid Ocean Services IPO Award Status
As everyone knows, different companies carry out initial public offerings (IPO) which are subsequently listed on the stock exchanges (BSE and NSE). You should note that starting September 14, 2023, individual investors will be able to invest in the Rs 430 crore Initial Public Offering (IPO) that has been set up by Zaggle Prepaid Ocean Services Limited Company. Furthermore, the latest deadline for Zaggle Prepaid Ocean Services’ IPO was September 18, 2023, and promoters have already received more than 12 times more subscriptions.
The allotment date of Zaggle Prepaid Ocean Services’ IPO will reveal whether each investor has gotten an allocation or not, and everyone is eagerly awaiting it. The purpose of this communication is to inform you that the allotment of the IPO will take place on September 22, 2023 and thereafter the shares will be credited to your Demat account. If you do not receive the allowance, your money will be refunded to your bank account.
Zaggle Prepaid Ocean Services IPO Award Status Overview
Zaggle Prepaid IPO Subscription Status
- To know the status of your Zaggle Prepaid IPO subscription, check the points below.
- Zaggle’s prepaid IPO was 6.73 times subscribed by all retail investors.
- 16.94 times the size of the issue has been subscribed by Qualified Institutions.
- 10.36 times have been subscribed to the IPO by non-institutional buyers.
- Overall, the issue size is 12x based on Zaggle Prepaid IPO subscription status.
| Category | Zaggle Prepaid IPO Subscription Status |
| Retail investors | 6.73 times |
| Qualified Institutional Buyers | 16.94 times |
| Non-institutional buyers | 10.36 times |
| In general | 12 times |
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Zaggle Prepaid Ocean Services IPO Date
| Event | Zaggle Prepaid Ocean Services IPO Date |
| IPO launch date | September 14, 2023 |
| Offer start date | September 14, 2023 |
| Last date to bid | September 18, 2023 |
| Zaggle Prepaid IPO Award Date | September 22, 2023 |
| Start of refunds | September 25, 2023 |
| Share credit | September 26, 2023 |
| Zaggle Prepaid IPO Listing Date | September 26, 2023 |
Zaggle GMP Prepaid IPO Today
- Check out the points below to learn about Zaggle Prepaid GMP IPO today.
- The gray market premium of the IPO at its debut was zero, which was not promising.
- Financial experts increased the GMP to 5 as soon as the subscription began.
- Now that Zaggle’s prepaid GMP IPO today is 12, the value of each share has increased to 176 per share.
- Since the IPO is more than 12x oversubscribed, we anticipate an increase in GMP.
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Zaggle Prepaid Ocean Services IPO Award Status @ kfintech.com
- Check Zaggle Prepaid Ocean Services IPO allocation status on kfintech.com by following all the guidelines provided below.
- Go ahead and open the K-Fintech Portal.
- Click on IPO Allotment Status after selecting Investor Services.
- Choose Zaggle Prepaid IPO to continue.
- Click submit after entering your PAN card number or application number.
- On this page, check the status of the award.
Guide to Check Zaggle Prepaid IPO Allotment Status @ bseindia.com
- Follow the steps below to check the status of your Zaggle Prepaid IPO allotment on bseindia.com.
- Launch the BSE India website and then wait for the home page to appear.
- To continue, select the IPO Allotment Status link.
- Enter your PAN card number and choose Zaggle Prepaid Ocean IPO.
- Wait for the next page after clicking Submit.
- On this page, you can see the allocation status of Zaggle Prepaid IPO.
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Zaggle Prepaid Ocean Services IPO Review
The IPO consists of a fresh issue of shares worth Rs 392 crore and an offer for sale by the founders and some additional investors worth Rs 174 crore. After the offer, the promoters and promotion companies will retain approximately 42% of the paid-up shares. In addition, selling investors will simultaneously reduce their stake by just over 8%.
Additionally, the company intends to use the funds raised from the sale to cover Rs 40 crore in product and technology development expenses. They also want to prepay or settle a debt of Rs. 17.1 crore besides utilizing the remaining money for the basic needs of the company.
Conclusion
Investors and market participants are eagerly awaiting the IPO of Zaggle Prepaid Ocean Services. As the IPO process nears completion, investors are eager to know if they have been allotted shares in this highly anticipated offering. The IPO has generated significant interest due to the company’s strong financial performance and promising growth prospects. Investors are hoping to get their hands on a portion of the IPO stock, which would give them the opportunity to participate in the company’s future success. The announcement of the allotment status will provide clarity to investors and mark an important milestone in the IPO journey.
Zaggle Prepaid Ocean Services IPO Allocation Status FAQ
How do I know if I have been assigned my IPO?
In approximately 7 days, the IPO registrar finalizes and confirms the award of the bid to the selected bidders. The IPO allotment status can be checked through the registrar’s website. It can also be found on the NSE or BSE websites.
How do I verify my Global Surface IPO allocation?
If you have submitted an application for Global Surfaces Ltd IPO, there are two methods available to check your allotment status online. You can visit the BSE (Bombay Stock Exchange) website or access the website of the IPO registrar, Bigshare Services Private Limited, to check your allotment status.
Is IPO allocation based on luck?
As mentioned above, in the event of an oversubscribed IPO, the company will use a lottery system to distribute shares. Consequently, submitting multiple applications for different PAN numbers will increase your chances of success in the lottery.
Is the IPO first come, first serve?
No, IPO allocation is not done on a first-come, first-served basis. The allotment process totally depends on how the IPO got responses from the investors. If the IPO is undersubscribed, it is possible that the investor will be allocated all the lots he has requested.
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Source: vtt.edu.vn