Zaggle Prepaid Ocean Services IPO GMP History
Zaggle Prepaid Ocean Services IPO has been listed on September 22, 2023 at a listing price of ₹164, against the issue price of ₹164 — a gain of ₹0 (+0%). The GMP peaked at ₹30 on 16 September 2023 and reached a low of ₹10 on 21 September 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Zaggle Prepaid Ocean Services IPO raised ₹563.38 Cr. through its IPO at a price band of ₹156 to ₹164 per share, with a lot size of 90 shares. The IPO was open for subscription from 14 Sep 2023 to 18 Sep 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:08 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 21 Sep 2023 | ₹ 10 | ▼ | 6% | — | — |
| 20 Sep 2023 | ₹ 15 | — | 9% | — | — |
| 19 Sep 2023 | ₹ 15 | ▼ | 9% | — | — |
| 18 Sep 2023 | ₹ 20 | ▼ | 12% | — | — |
| 16 Sep 2023 | ₹ 30 | ▲ | 18% | — | — |
| 15 Sep 2023 | ₹ 25 | ▲ | 15% | — | — |
| 14 Sep 2023 | ₹ 20 | ▲ | 12% | — | — |
| 13 Sep 2023 | ₹ 10 | — | 6% | — | — |
| 12 Sep 2023 | ₹ 10 | — | 6% | — | — |
| 11 Sep 2023 | ₹ 10 | — | 6% | — | — |
Zaggle Prepaid Ocean Services IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 14 Sep 2023
- Close 18 Sep 2023
- Allotment 22 Sep 2023
- Refund/credit 25 Sep 2023
- Listing 22 Sep 2023
Zaggle Prepaid Ocean Services IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹164 |
|---|---|
| GMP-based estimate (pre-listing) | ₹174 (+6.1%) |
| Listing gain / loss | +₹0 per share |
| Listing date | 22 Sep, 2023 |
| Actual listing price | ₹164 (+0%) |
Is Zaggle Prepaid Ocean Services IPO GMP reliable?
Grey market premium for Zaggle Prepaid Ocean Services IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Zaggle Prepaid Ocean Services IPO full review for a fundamentals-based assessment before making any grey market trades.
Zaggle Prepaid Ocean Services IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Zaggle Prepaid Ocean Services IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Zaggle Prepaid Ocean Services IPO
Zaggle Prepaid Ocean Services Limited was incorporated at Hyderabad on 2 June 2011. It offers fintech and SaaS products that help companies manage business expenses through automated workflows.
Its platforms cover business spend management, such as expense and vendor management, rewards and incentives for employees and channel partners, and gift card management for merchants. Its products include Propel, Save and its customer engagement management system.
As per Frost & Sullivan, it is a leading player in spend management, with more than 50 million prepaid cards issued with banking partners and more than 2.27 million users served as of 31 March 2023.
The IPO was Rs 563.38 crore, with Rs 392.00 crore of fresh issue and Rs 171.38 crore of offer for sale by the two promoters and investors. Rs 300.00 crore was planned for customer acquisition and retention.
Frequently asked
What is the GMP of Zaggle Prepaid Ocean Services IPO?
The current Grey Market Premium (GMP) of Zaggle Prepaid Ocean Services IPO is ₹ 10.
What is the Kostak Price of Zaggle Prepaid Ocean Services IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Zaggle Prepaid Ocean Services IPO is not available.
What is the Subject to Sauda Price of Zaggle Prepaid Ocean Services IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Zaggle Prepaid Ocean Services IPO?
Zaggle Prepaid Ocean Services IPO listed on September 22, 2023 at ₹164, against the issue price of ₹164 — a gain of +0%.
How did the GMP of Zaggle Prepaid Ocean Services IPO trend before listing?
The GMP of Zaggle Prepaid Ocean Services IPO was falling in its final days before listing. The GMP peaked at ₹30 on 16 September 2023. View the day-wise table above for the complete GMP history.
Explore Zaggle Prepaid Ocean Services IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
