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.
Zaggle Prepaid Ocean Services IPO opens for subscription today, with a price band of ₹156 to ₹164 per share. The company plans to use the funds for various purposes including customer acquisition and product development. The IPO has received a subscription of 13% on day 1 so far.
Zaggle Prepaid Ocean Services IPO: The Rs 563.38-crore public issue comprises a fresh issue component of Rs 392 crore, and an offer-for-sale portion of 1.04 crore shares.