Zaggle Prepaid Ocean Services Ltd. has announced public offering of 34352255 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 163.00 per share. The gross proceeds of the issue are expected to be Rs 56,337.70 lakhs.
The company's initial public offer (IPO) will open on 14 September 2023 and is expected to close on 18 September 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 156.00-164.00 per share.
The IPO includes a fresh Issue of 34352255 Equity Shares of the Company at an price of Rs 164.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 90 shares with bids in multiples of 90.
Zaggle Prepaid Ocean Services Ltd. anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,Equirus Capital Private Limited,JM Financial Ltd.,IIFL Securities Limited as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.