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Zaggle Prepaid Ocean Services Limited (Zaggle Prepaid IPO) got a shock as soon as it entered the stock market. Shares of Jagal Prepaid are listed in the stock market at a discount. The company’s shares on the Bombay Stock Exchange (BSE) traded at Rs. 162 is listed. In the IPO, Jagal prepaid shares at Rs. 164 were allotted. However, after the listing, the company’s shares rose over 4% to Rs. 170.70 has been reached. The price band of Jugal Prepaid IPO was Rs 156-164.
Retail investors can bid for a maximum of 1170 shares.
The IPO of Juggle Prepaid opened for subscription on September 14 and remained open till September 18. Retail investors can bid for a minimum of 1 lot and a maximum of 13 lots in a company’s IPO. 1 lot of IPO had 90 shares. That is, investors had to invest Rs 191880 for 13 lots. The allotment of shares in the Jagal Prepaid IPO was scheduled for September 22. The company provides financial technology products and services.
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The company’s IPO has been subscribed more than 12 times
The Zaggle Prepaid IPO has been subscribed a total of 12.86 times. The retail quota of the company’s IPO was subscribed 6.15 times. The company’s IPO was oversubscribed by 16.94 times the Qualified Institutional Buyers (QIB) quota. At the same time, non-institutional investors (NII) have subscribed 9.16 times the quota in the IPO. The total public issue size of Jagal Prepaid is Rs. 563.38 crores.
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