Zaggle Prepaid Ocean IPO
Fintech / Payments - Zaggle Prepaid Ocean Services operates a SaaS fintech platform providing employee expense management, corporate gifting, and prepaid card solutions
Price Band
Rs 164 - 172
Cut-off: Rs 172 per share
Lot: 86 - Min Rs 14,792
Open
18 Apr 2026
Last Day
22 Apr 2026
Allotment
24 Apr 2026
Listing
28 Apr 2026
GMP Today
+Rs 8
+4.7% premium
Est. Listing Price
GMP BasedRs 180
Issue Price + GMP (Dynamic)
Est. Profit (1 Lot)
GMP Based+Rs 688
+4.7% (86 shares)
Subscription
-
Not open
Range: +0% to +7.2%
Confidence: Moderate - 55%
Confidence Score - 55%
Issue Details
Total Issue Size
Rs 564 Cr
Price Band
Rs 164 - 172
Fresh Issue vs OFS
Objects of the Issue (as per DRHP)
- 1Investment in technology infrastructure
- 2Expansion of prepaid card program
- 3Marketing and brand building
- 4General corporate purposes
Company Financials
Revenue Growth
FY23
Rs 385 Cr
FY24
Rs 512 Cr
FY25
Rs 680 Cr
Other Financial Metrics
EBITDA (FY25)
Rs 115 Cr
ROE
18.5%
Return on Equity
ROCE
16.2%
Return on Capital
Debt/Equity
0.25
Low Debt
2-Year CAGR
P/E Ratio
35.8x
At upper band
Market Cap
~2,850 Cr
Post issue
MARKET SENTIMENT SCORE
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 peers| Company | Market Cap | Revenue | PAT | P/E | P/B | ROE |
|---|---|---|---|---|---|---|
ZP Zaggle Prepaid OceanIPO | ~2,850 Cr | Rs 680 Cr | Rs 78 Cr | 35.8x | - | 18.5% |
| Paytm | 42.0K Cr | 8.5K Cr | -1200 Cr | - | 4.2x | -12.5% |
| Razorpay | 85.0K Cr | 2.4K Cr | 180 Cr | 472x | 28.5x | 8.2% |
| SBI Cards | 72.0K Cr | 15.8K Cr | 2.5K Cr | 29.4x | 6.8x | 24.5% |
| Peer Average | 66.3K Cr | 8.9K Cr | 476.6666666666667 Cr | 250.7x | 13.2x | 6.7% |
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 (6.7%), 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 Details
| Open Date | 18 Apr 2026 |
| Close Date | 22 Apr 2026 |
| Allotment Date | 24 Apr 2026 |
| Listing Date | 28 Apr 2026 |
| Issue Type | Book Build Issue |
| Issue Size | Rs 564 Cr |
| Fresh Issue | 392 Cr (69.5%) |
| OFS | 172 Cr (30.5%) |
| Face Value | Rs 10 per share |
| Price Band | Rs 164 - 172 |
| Lot Size | 86 shares |
| Min Investment (Retail) | Rs 14,792 |
| Listing Exchange | Mainboard |
Company Information
| Company Name | Zaggle Prepaid Ocean Ltd |
| Industry | Fintech / Payments |
| Registrar | KFin Technologies |
| Lead Manager | IIFL Securities |
| Market Cap (Upper) | ~2,850 Cr |
| P/E (Upper Band) | 35.8x |
About the Company
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.
Check Allotment Status
Check your Zaggle Prepaid Ocean IPO allotment status on the registrar website.
KFin Technologies
IPO Registrar
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.