What is the price band of Zaggle Prepaid Ocean IPO?

The price band of Zaggle Prepaid Ocean IPO is Rs 164-172 per share. The lot size is 86 shares per lot, so the minimum retail investment is Rs 14,792.

What is the GMP of Zaggle Prepaid Ocean IPO today?

The current Grey Market Premium (GMP) of Zaggle Prepaid Ocean IPO is Rs 8. GMP is an unofficial market signal and not a guaranteed listing price. IPOGyani updates GMP every 15 minutes from multiple grey-market sources.

When is Zaggle Prepaid Ocean IPO opening and closing?

Zaggle Prepaid Ocean IPO opens for subscription on 2026-04-18 and closes on 2026-04-22. The allotment is expected on 2026-04-24 and listing on 2026-04-28.

What is the expected listing gain of Zaggle Prepaid Ocean IPO?

IPOGyani's AI model predicts a listing gain of approximately 3.2% for Zaggle Prepaid Ocean IPO. The prediction combines subscription velocity, peer-group performance, sector trends and fundamentals. This is an estimate and not investment advice.

Should I subscribe to Zaggle Prepaid Ocean IPO?

Zaggle Prepaid Ocean IPO is currently 0x subscribed with a GMP of Rs 8 and an AI-predicted listing gain of 3.2%. Read the full analysis on this page — including expert reviews, peer comparison, financials and subscription pattern — before making any investment decision.

Who is the registrar of Zaggle Prepaid Ocean IPO?

The registrar of Zaggle Prepaid Ocean IPO is KFin Technologies. After allotment you can check your status on the registrar's website using your PAN or application number.

Who are the lead managers of Zaggle Prepaid Ocean IPO?

The lead manager(s) of Zaggle Prepaid Ocean IPO is/are IIFL Securities.

How can I apply for Zaggle Prepaid Ocean IPO?

You can apply for Zaggle Prepaid Ocean IPO via UPI through any SEBI-registered broker (Zerodha, Groww, Upstox, ICICI Direct, HDFC Sky etc.) or through ASBA via your bank's net-banking portal. Select Zaggle Prepaid Ocean, pick the number of lots (86 shares per lot), enter your UPI ID, and approve the mandate before the IPO closes on 2026-04-22.

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

UpcomingMainboard18 Apr - 22 Apr, 2026

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

52d ago

+Rs 8

+4.7% premium

Refresh in --:--

Est. Listing Price

GMP Based

Rs 180

Issue Price + GMP (Dynamic)

Est. Profit (1 Lot)

GMP Based

+Rs 688

+4.7% (86 shares)

Subscription

Not open

IPOGyani AI Engine - Live Prediction

+3.2%

Range: +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

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.

Issue Details

Total Issue Size

Rs 564 Cr

3,27,90,698 shares

Price Band

Rs 164 - 172

Fresh Issue vs OFS

Fresh Issue

Rs 392 Cr (70%)

OFS

Rs 172 Cr (31%)

Basic Details

IPO Date

18 Apr 2026 - 22 Apr 2026

Listing Date

28 Apr 2026

Lot Size

86 Shares

Min Investment

Rs 14,792

Listing At

Mainboard

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

Company Financials

Revenue Growth

32.8% YoY

FY23

Rs 385 Cr

FY24

Rs 512 Cr

FY25

Rs 680 Cr

Other Financial Metrics

EBITDA (FY25)

Rs 115 Cr

35.3% YoY

ROE

18.5%

Return on Equity

ROCE

16.2%

Return on Capital

Debt/Equity

0.25

Low Debt

2-Year CAGR

Revenue CAGR32.9%

Profit CAGR36.3%

P/E Ratio

35.8x

At upper band

Market Cap

~2,850 Cr

Post issue

MARKET SENTIMENT SCORE

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 peers

IPO P/E Ratio

35.8x

vs Peer Avg: 250.7x

IPO Market Cap

~2,850 Cr

Peer Avg: 66.3K Cr

IPO ROE

18.5%

vs Peer Avg: 16.4%

Peer Avg P/B

13.2x

Price-to-Book ratio

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	-	-	4.2x	-
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	1.3K Cr	250.7x	13.2x	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 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

About the Company