Zaggle Prepaid Ocean Services has received the Securities and Exchange Board of India’s (SEBI) approval to float an initial public offering (IPO).
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. ICICI Securities, Equirus Capital, IIFL Securities and JM Financial have been appointed as merchant bankers to manage the IPO. The equity shares of the company will be listed on the BSE and NSE.
Founded in 2011, Zaggle Prepaid Ocean Services operates in the business-to-business-to-customer segment. It has created a market niche in the country by offering a combined solution for spend management through prepaid cards and employee management (through SaaS).
Company Name | CMP |
---|---|
One97 Communications | 361.20 |
Infibeam Avenues | 30.01 |
Zaggle Prepaid Ocean | 271.60 |
PB Fintech | 1295.80 |
Suvidhaa Infoserve | 5.25 |
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