Zaggle Prepaid Ocean Services IPO to open for subscription on September 14
Fintech firm Zaggle Prepaid Ocean Services' IPO opens on Thursday, with a revised fresh issue size of INR 392 crore. Know its detail here
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Fintech firm Zaggle Prepaid Ocean Services' IPO opens on Thursday, with a revised fresh issue size of INR 392 crore. Know its detail here
Zaggle IPO | The initial public offering comprises a fresh issue of shares worth Rs 392 crore by the company, and an offer-for-sale of 1,04,49,816 equity shares by eight selling shareholders including promoters Raj P Narayanam, and Avinash Ramesh Godkhindi.
Zaggle plans to raise around Rs 663 crore via initial public offering. We have taken the current issue price of Rs 164 per share as a base for calculation of total issue size.
The fundraise was conducted in two tranches, in consultation with the book running lead managers, allocating 59.75 lakh shares at a price of Rs 164 apiece
Ashish Kacholia, and Bengal Finance & Investment are the biggest investors, buying Rs 30 crore shares each in the Zaggle Prepaid Ocean Services ahead of IPO