About Zaggle Prepaid Ocean
Fintech / Payments
Zaggle Prepaid Ocean Services operates a SaaS fintech platform providing employee expense management, corporate gifting, and prepaid card solutions. The company serves over 3,500 corporates across India.
ZP
Zaggle Prepaid Ocean IPO
GMP, Subscription, Price, Allotment, Listing Date & AI Prediction
Upcoming
Mainboard
GMP is +Rs 8 (+4.7%), issue size is Rs 564 Cr Cr, subscription is -, and allotment is on 24 Apr 2026.
PRICE BAND
Rs 164 - 172
LOT SIZE
86
Shares
MIN INVEST
Rs 14,792
CUT-OFF
Rs 172
per share
Open
18 Apr 2026
Last Day
22 Apr 2026
Allotment
24 Apr 2026
Expected Refund
25 Apr 2026
Listing
28 Apr 2026
IPOGyani AI Engine - Live Prediction
+3.2%
Range: +0.0% to +7.2%
Confidence: Moderate - 55%
Confidence Score - 55%
📈 GMP Trend⚓ Anchor Quality🧠 Sentiment 44/100📊 Sub 0x🏭 Fintech / Payments
Next refresh: --:---Updated: --:-- IST-Model: IPOGyani v2.1
Live Subscription Tracker
Real-time subscription data
Subscription data will appear when IPO opens
Current IPO Status: upcoming
Issue Details
Total Issue Size
Rs 564 Cr
Issue Size for Retail
Rs 197.4 Cr
Fresh Issue vs OFS
Fresh Issue
Rs 392 Cr (70%)OFS
Rs 172 Cr (31%)Reservation Quota
QIB
50%
Retail
35%
NII
15%
Lead Manager
IIFL Securities
Registrar
KFin Technologies
Objects of the Issue (as per DRHP)
- 1Investment in technology infrastructure
- 2Expansion of prepaid card program
- 3Marketing and brand building
- 4General corporate purposes
Zaggle Prepaid Ocean Financials
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 385Rs 385 Cr | 512Rs 512 Cr | 680Rs 680 Cr | 680Rs 680 Cr |
| Net Profit (PAT) | 42Rs 42 Cr | 58Rs 58 Cr | 78Rs 78 Cr | 78Rs 78 Cr |
| EBITDA | 62Rs 62 Cr | 85Rs 85 Cr | 115Rs 115 Cr | 115Rs 115 Cr |
| Borrowings | - | - | - | - |
| ROE | 18.5%18.5% | 18.5%18.5% | 18.5%18.5% | 18.5%18.5% |
| ROCE | 16.2%16.2% | 16.2%16.2% | 16.2%16.2% | 16.2%16.2% |
| Debt/Equity | 0.250.25 | 0.250.25 | 0.250.25 | 0.250.25 |
| Assets | - | - | - | - |
Company Financials
Financial charts load as you reach this section.
MARKET SENTIMENT SCORE
0
50
100
44
Neutral
Based on expert reviews, GMP trends & market signals
Expert Reviews & Opinions
Expert reviews for Zaggle Prepaid Ocean IPO will appear here once available.
Reviews are summarized from YouTubers, analysts, news channels, and brokerage firms using AI.
Peer Comparison
Comparing with 3 listed peersIPO P/E Ratio
35.8x
vs Peer Avg: 250.7x
IPO Market Cap
~2,850 Cr
Peer Avg: 66K Cr
IPO ROE
18.5%
vs Peer Avg: 16.4%
| Company | Market Cap | Revenue | PAT | P/E | ROE |
|---|---|---|---|---|---|
ZP Zaggle Prepaid OceanIPO | ~2,850 Cr | Rs 680 Cr | Rs 78 Cr | 35.8x | 18.5% |
| Paytm | 42K Cr | 8.5K Cr | - | - | - |
| Razorpay | 85K Cr | 2.4K Cr | 180 Cr | 472x | 8.2% |
| SBI Cards | 72K Cr | 16K Cr | 2.5K Cr | 29.4x | 24.5% |
| Peer Average | 66K Cr | 8.9K Cr | 1.3K Cr | 250.7x | 16.4% |
Quick Analysis
- Zaggle Prepaid Ocean's P/E of 35.8x is lower than the peer average of 250.7x, suggesting relatively attractive valuation.
- ROE of 18.5% is above peer average (16.4%), indicating better return on equity.
- Market cap post-listing would place Zaggle Prepaid Ocean below peer average in terms of size.
* All peer data is from publicly available sources. Financial figures are latest reported annual numbers.
IPO Lot Size
Investors can bid for a minimum of 86 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 86 | ₹14,792 |
| S-HNI (Min) | 14 | 1,204 | ₹2,07,088 |
| B-HNI (Min) | 68 | 5,848 | ₹10,05,856 |
Grey Market Premium
Zaggle Prepaid Ocean IPO GMP Today
GMP trend chart and full day-by-day history
Subscription Status
Zaggle Prepaid Ocean IPO Subscription
Live status, allotment chance and day-wise figures
Frequently Asked Questions
What is the price band of Zaggle Prepaid Ocean IPO?
The price band is Rs 164-172 per share. One lot contains 86 shares; its value at the upper price is Rs 14,792. Check the issue terms for the minimum application size applicable to your category.
What are the bidding dates for Zaggle Prepaid Ocean IPO?
The scheduled bidding period is 18 Apr 2026 to 22 Apr 2026.
When is Zaggle Prepaid Ocean IPO scheduled to list?
The scheduled listing date is 28 Apr 2026. The actual listing price is determined on the exchange, not by the grey market premium or an AI estimate.
Who is the registrar for Zaggle Prepaid Ocean IPO?
KFin Technologies is the registrar. See the allotment page for the available schedule and official checking link.
Who manages Zaggle Prepaid Ocean IPO?
Lead manager information recorded for this issue: IIFL Securities.
Disclaimer
IPOGyani is not SEBI registered and does not provide investment advice. All information is for educational purposes only.
AI predictions are probabilistic estimates based on historical data and market trends. Past performance is not indicative of future results.
GMP (Grey Market Premium) data is sourced from various unofficial channels and may not be accurate. Always verify from multiple sources.
Investors should do their own research (DYOR) and consult a SEBI registered advisor before investing.
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