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).
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.