Zaggle Prepaid Ocean IPO: All You Need To Know
Equity investors are gearing up for another public offer that is ready to hit the Indian markets this week the Zaggle Prepaid Ocean IPO (initial public offering).
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Equity investors are gearing up for another public offer that is ready to hit the Indian markets this week the Zaggle Prepaid Ocean IPO (initial public offering).
Zaggle Prepaid Ocean Services IPO will open for subscription on September 14, to raise Rs 563.38 crore.
Zaggle’s IPO comprises a fresh share issue of INR 392 Cr as well as an offer for sale (OFS) element of 10.5 Mn shares.
The finalisation of basis of allotment will be done on September 22, initiation of refunds will be on September 25 and the shares will be listed on exchanges on September 27.
The company received approval from markets regulator Sebi to launch an IPO in April. The company has received a final observation letter for its public offer. In Sebi's parlance, an observation letter is equivalent to an approval for the public issue.