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.

What is the current subscription status of Zaggle Prepaid Ocean Services Limited IPO?

Zaggle Prepaid Ocean Services Limited IPO has received a total subscription of 12.57 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

12.57x

Total Demand

QIB Multiplier

16.73x

Institutions & Funds

NII / HNI

8.85x

High Net-Worth

Retail (RII)

5.94x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 12.57x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	10,432,256	174,556,440	16.73x
NIB	5,336,703	47,210,040	8.85x
HNIs(10L +)	3,557,802	35,591,670	10.00x
HNIs (2-10L)	1,778,901	11,618,370	6.53x
RETAIL	3,557,802	21,116,610	5.94x
Total	24,663,464	290,093,130	12.57x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 6.04x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	133,593	793,542	5.94x
HNIs (10L +)	855	7,567	8.85x
HNIs (2-10L)	4,090	36,197	8.85x
Total Applications	138,538	837,306	6.04x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is Zaggle Prepaid Ocean Services Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Zaggle Prepaid Ocean Services Limited IPO is ₹13 per equity share. Based on the upper price band of ₹156 to ₹164 per equity share, the estimated listing price is ₹177 (+7.9% expected listing gain).

What is the expected profit per lot for Zaggle Prepaid Ocean Services Limited IPO?

With a lot size of 90 shares and current GMP of ₹13, the expected profit per application lot is approx ₹1,170 (+7.9% gain). Minimum application cost is approx ₹14,760.

What is the issue size and price band for Zaggle Prepaid Ocean Services Limited IPO?

The Zaggle Prepaid Ocean Services Limited IPO aggregate issue size is ₹563.38 Crores with an equity price band set at ₹156 to ₹164 per equity share. The retail lot size is 90 shares requiring a minimum capital outlay of approx. ₹14,760.

How can I check Zaggle Prepaid Ocean Services Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 12.57x (Retail: 5.94x, QIB: 16.73x, NII: 8.85x). You can track live multiples directly on our dedicated subscription page.

Where and when will Zaggle Prepaid Ocean Services Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2023-09-20. Investors can verify status using PAN card or application number.

When is the listing date for Zaggle Prepaid Ocean Services Limited IPO?

Zaggle Prepaid Ocean Services Limited shares are scheduled to list on NSE and BSE on 2023-09-22.