What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 21 Sep 2023.

Zaggle Prepaid Ocean Services Limited

ListedMainboard

Information Technology & FinTech · NSE / BSE

Zaggle Prepaid Ocean Services Limited, incorporated in 2011, is a fintech company providing corporate business expense management solutions through automated and innovative workflows. Its SaaS and fintech products cater to industries like banking, finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobiles. Key offerings include Propel (employee and channel rewards), Save (business spend management), CEMS (customer engagement and gift card management), Zaggle Payroll Card, and Zoyer (integrated invoice-to-pay platform). As of fiscal 2023, Zaggle serves over 1,750 corporate customers and 1.7 million end users with 250+ employees across 7 offices in India.

Price Band

₹156 – ₹164

Issue Size

₹563 Cr

Lot Size

90 shares

GMP

₹13

+7.9%

Est. Listing

₹177

at current GMP

Subscribed

12.57x

overall

Open

14 Sep 2023

18 Sep 2023

Allotment

20 Sep 2023

Refund

21 Sep 2023

Demat Credit

22 Sep 2023

Listing

22 Sep 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Zaggle Prepaid Ocean Services Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

20 Sep 2023

Basis finalization

Refunds Initiate

21 Sep 2023

Mandate release

Demat Credit

22 Sep 2023

Shares in demat

Listing Debut

22 Sep 2023

Trading begins

How to Check Zaggle Prepaid Ocean Services Limited IPO Allotment Status

Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
Select Zaggle Prepaid Ocean Services Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Zaggle Prepaid Ocean Services Limited Public Issue & Market Profile

Zaggle Prepaid Ocean Services Limited is bringing an initial public offering (IPO) in the Information Technology & FinTech sector with an aggregate issue size of ₹563.38 Crores. The shares are offered at a price band of ₹156 to ₹164 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 90 shares (approx. ₹14,760 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-09-22, while un-allotted funds or UPI block mandates will be released on 2023-09-21.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.