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Zaggle Prepaid Ocean Services IPO | Retail investors have provided good support to the offer, but the response from high networth individuals (non-institutional investors) and qualified institutional buyers (QIB) was lukewarm.
“It is a leading player in spend management, with more than 50 million prepaid cards issued in partnership with banking partners and more than 2.27 million users served, as of March 31, 2023,” HDFC Securities said.
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.
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.