Zaggle Prepaid, a fintech Saas company, made its debut on the NSE and BSE at the IPO issue price of Rs 164 and Rs 162, respectively. The IPO received a good response from investors, being booked 12.57 times. However, analysts expressed caution due to the company s aggressive valuations. The IPO consisted of a fresh issue of equity shares worth Rs 392 crore and an offer for sale of shares by promoters and investors.
IPO Screener: Zaggle Prepaid IPO subscribed 19% on Day 1 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
IPO Screener: Zaggle Prepaid issue opens today - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Proceeds from the fresh issue would be utilised towards customer acquisition and retention, development of technology and products, payment of debt and for general corporate purposes.
The IPO comprises a fresh issue of equity shares up to Rs 392 crore and an offer for sale (OFS) component of up to 1.04 crore shares by promoters and a few external investors.