Zaggle

Fintech co shares hit 5% upper circuit after partnership with MasterCard

Shares of Zaggle Prepaid Ocean Services hit the upper circuit of 5 per cent at Rs 490.65 on the BSE

Here's why Zaggle Prepaid shares were locked in 5% upper circuit today

The Zaggle share price rose after the company announced that it has entered into an Supplier Framework Agreement with Strada India Private Limited

Zaggle Prepaid share up 5% on posting 145% rise in Q2 profit, rev up 64%

Zaggle's consolidated profit rose 145 per cent to Rs 18.56 crore as compared to Rs 7.59 crore a year ago

Zaggle Q2FY25 results: Net profit jumps to Rs 20 cr, revenue at Rs 302.5 cr

SaaS fintech platform Zaggle Prepaid Ocean Services on Wednesday posted a three-fold increase in consolidated net profit to Rs 20.3 crore for the September quarter. It had reported a net profit of Rs 7.62 crore in the year-ago period, the company said in a regulatory filing. The revenue from operations for the quarter under review was Rs 302.5 crore, 64.22 per cent higher than Rs 184.2 crore a year earlier, it said. "As part of our growth strategy, we are actively seeking strategic alliances and inorganic growth opportunities. We are strongly focusing on M&As with a combined strategy of small tuck-ins and larger investment opportunities, in the SaaS Fintech sector, including areas like NBFC, Payments, etc. "In line with our growth plans, we have taken approval from the board of directors for a fundraise of up to Rs 9,500 million (Rs 950 crore) subject to shareholders' approval," Raj P Narayanam, Founder and Executive Chairman, Zaggle Prepaid Ocean Services, said. The firm is ...

Zaggle Prepaid shares see 4% uptick on strategic Equinox India partnership

The uptick in the stock price followed the announcement that Zaggle Prepaid Ocean Services has entered into an agreement with Equinox India (formerly Indiabulls Real Estate)

Ashish Kacholia portfolio: Zaggle soars 14% on heavy volumes, hits new high

Ace investor Ashish Kacholia held 2.90 million equity shares or 2.37 per cent stake in Zaggle at the end of the June 2024 quarter, shareholding pattern data shows

Zaggle Prepaid surges 6% on inking deal with HDFC Ergo General Insurance Co

The Zaggle Prepaid Ocean Services share price rose after the company announced that it has inked a pact with HDFC Ergo General Insurance Company.

Zaggle Prepaid Q3 results: Profit rises 92.7% to Rs 19.5 cr, revenue up 35%

New credit card offerings and lower finance costs helped fintech player Zaggle Prepaid Ocean Services Ltd post a strong 35 per cent growth in revenue in the December quarter, a top company official said on Friday. The fintech player, which provides spend management products and solutions, also said that its recent Rs 200 crore deal with Torrent Gas Ltd offers significant volume and margin potential. Zaggle reported its all-time high quarterly revenue of Rs 199.5 crore for the October-December quarter of 2023-24, a growth of 35.1 per cent over Rs 147 crore in the year-ago period. "The record-breaking performance is a result of our product portfolio's strategic diversification and the successful launch of commercial credit card offerings," Zaggle executive chairman and founder Raj P Narayanam said. "With Torrent Gas Ltd joining as a client, we have entered the fleet loyalty card program, offering significant volume and margin potential," he said, adding that the company is tapping in

Sensex falls for 4th day, drops 221pts; Nifty nears 19,650; PSBs defy trend

Closing Bell on Friday, September 22: The Nifty PSU Bank jumped the most, rising 3.5 per cent

Stocks to Watch on Sept 22: JSW Steel, Glenmark Life, Samhi, Zaggle, TaMo

Stocks to Watch today, September 22, 2023: Glenmark Pharmaceuticals Board has approved the divestment of a 75 per cent stake in its subsidiary Glenmark Life Sciences to Nirma for Rs 5,651 crore

Jupiter Life Line shares soar 46% on debut; SAMHI Hotels subscribed 5.3x

The IPO of Zaggle Prepaid Ocean Services saw over 12 times more demand than shares on offer

Zaggle Prepaid IPO subscribed 12.57 times on last day of subscription

The Initial Public Offering (IPO) of fintech player Zaggle Prepaid Ocean Services Ltd was subscribed 12.57 times on the last day of subscription on Monday. The initial share sale got bids for 24,28,83,090 shares against 1,93,26,761 shares on offer, according to data available with the NSE. The category for Qualified Institutional Buyers (QIBs) was subscribed 16.73 times while the portion for non-institutional investors received 8.85 times subscription. The quota for retail individual investors got subscribed 5.94 times. The IPO had a fresh issue of up to Rs 392 crore and offer for sale of up to 10,449,816 equity shares. The company's IPO had a price range of Rs 156-164 a share. Zaggle Prepaid Ocean Services on Wednesday said it mobilised Rs 253.52 crore from anchor investors. The company proposes to utilise Rs 300 crore of the net proceeds on expenditure towards customer acquisition and retention, up to Rs 40 crore on expenditure for the development of technology and products, an

Zaggle Prepaid Ocean Services' IPO receives 43% subscription on Day 2

Fintech player Zaggle Prepaid Ocean Services' initial public offering received 43 per cent subscription on the second day of bidding on Friday. The initial public offering (IPO) got bids for 82,96,560 shares against 1,93,26,761 shares on offer, as per data available with the NSE. The portion for Retail Individual Investors (RIIs) got subscribed 1.90 times and the category for non-institutional investors received 29 per cent subscription. The IPO received 19 per cent subscription on Thursday, the first day of the bidding. The IPO has a fresh issue of up to Rs 392 crore and offer for sale of up to 10,449,816 equity shares. Price range for the share sale is at Rs 156-164 apiece. Zaggle Prepaid Ocean Services on Wednesday said it has mobilised Rs 253.52 crore from anchor investors. The company proposes to utilise Rs 300 crore of the net proceeds on expenditure towards customer acquisition and retention, up to Rs 40 crore on expenditure for the development of technology and products,

RR Kabel IPO subscribed 1.4 times, Lukewarm response for Zaggle Prepaid

The IPO of Zaggle Prepais Ocean Services was subscribed 19 per cent on Thursday, the first day of its issue

RR Kabel IPO subscribed 1.4 times, Lukewarm response for Zaggle Prepaid

The initial public offering (IPO) of RR Kabel was subscribed 1.4 times on Thursday, the second day of the issue. The IPO of Zaggle Prepais Ocean Services was subscribed 19 per cent

Fintech firm Zaggle Prepaid IPO subscribed 19% on Day 1 of bidding

The Initial Public Offering (IPO) of fintech player Zaggle Prepaid Ocean Services Ltd received 19 per cent subscription on Thursday, the first day of the bidding. The share sale received bids for 36,84,060 of 1,93,26,761 shares on offer, according to NSE data. The portion for Retail Individual Investors (RIIs) was subscribed 87 per cent while the quota for non institutional investors received 11 per cent subscription. The IPO has a fresh issue of up to Rs 392 crore and the offer for sale of up to 10,449,816 equity shares. The price range of the IPO is Rs 156-164 per share. Zaggle Prepaid Ocean Services on Wednesday said it has mobilised Rs 253.52 crore from anchor investors. The company proposes to utilise Rs 300 crore of the net proceeds on expenditure towards customer acquisition and retention, up to Rs 40 crore on expenditure for the development of technology and products, and up to Rs 17.08 crore to pare down, in full or in part, debt availed of by the firm. Founded in 2011,

Zaggle Prepaid Ocean Services raises Rs 253 cr from anchor investors

The company has allocated 1.54 crore equity shares to 23 entities at Rs 164 apiece, according to a circular uploaded on the BSE website

Zaggle's Rs 564 cr IPO opens on Sep 14, price band fixed at Rs 156-164

Fintech player Zaggle Prepaid Ocean Services on Monday set the price band for its Rs 564-crore initial share sale at Rs 156-164 apiece, a hefty 156-164 times of the face value of its shares. The initial public offering (IPO), which is opening on September 14, comprises a fresh issue of equity shares up to Rs 392 crore and an offer for sale (OFS) by promoters and a few external investors aggregating up to Rs 174 crore. Post-issue the promoter/promoter entities will hold around 42 per cent of the paid up equity, while selling shareholders will collectively pare their holdings by a tad over 8 per cent. Through the OFS, the founder and chairman Raj P Narayanam will sell just 0.02 per cent from his 44 per cent holding. Another promoter Avinash Ramesh Godkhindi, who is also the managing director of the city-based firm, will sell an equal amount of stake. External investor VenturEast Proactive Fund will sell a 2.17 per cent, while another external investor GKFF Ventures will pare only 0.02

Fintech firm Zaggle garners Rs 25 cr from ValueQuest in pre-IPO round

Fintech player Zaggle Prepaid Ocean Services Ltd on Tuesday said it has raised Rs 25 crore from ValueQuest Scale Fund in the pre-IPO (initial public offering) round. This came after the firm raised Rs 73 crore from a clutch of investors through a private placement last week. With the latest fund infusion, the combined fund raising by the firm reached Rs 98 crore in two tranches. In a public statement on Tuesday, Zaggle said that it issued 15,24,390 equity shares to ValueQuest at a price of Rs 164 apiece. Zaggle filed its draft papers with capital markets regulator Sebi in December 2022 to raise funds through an IPO. Going by the draft papers, the IPO comprises fresh issue of equity shares worth Rs 490 crore and an offer for sale (OFS) component of 1.05 crore stocks by promoters, investors and other shareholders. Proceeds from the fresh issue would be utilised towards customer acquisition and retention, development of technology and products, payment of debt and for general corpora

Sold t-shirts at 16, cutting-edge digital spending solutions provider today

Raj Narayanam's fintech Zaggle is an SaaS firm that ensures its clients don't worry about financial control, as it uses cutting-edge tech to manage enterprise expenses and staff rewards & incentives