Zaggle Prepaid Ocean Services IPO Subscription Status
Zaggle Prepaid Ocean Services IPO was subscribed 12.86 times when bidding closed on 18 Sep 2023: QIB 16.94x, NII 9.16x, Retail 6.15x.
The Zaggle Prepaid Ocean Services IPO has been subscribed 12.86x times overall. Retail investors have shown interest with bids for 6.15x the shares available. The Non-Institutional Investor (NII) category has been subscribed 9.16x. Within NII, Big HNI (B-HNI) subscribed 10.36x and Small HNI (S-HNI) subscribed 6.76x. Qualified Institutional Buyers (QIBs) have subscribed 16.94x. Data last updated on 10 Nov, 06:08 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 14 Sep, 2023 and closes on 18 Sep, 2023. The shares are expected to list on stock exchanges on 22 Sep, 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 16.94x |
| NII | - of - - | 9.16x |
bHNI — bid amount above ₹10 Lakh |
- - | 10.36 |
sHNI — bid amount ₹2–10 Lakh |
- - | 6.76 |
| Retail | - of - - | 6.15x |
| TOTAL | - - | 12.86x |
Zaggle Prepaid Ocean Services IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 16.3% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 16.94x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
18 Sep 2023
Day 3 |
12.86x | ▼ | |
|
QIB16.94x
BHNI10.36x
SHNI6.76x
Retail6.15x
|
|||
|
15 Sep 2023
Day 2 |
0.43x | ▼ | |
|
QIB-
BHNI0.2x
SHNI0.45x
Retail1.91x
|
|||
|
14 Sep 2023
Day 1 |
0.19x | ▼ | |
|
QIB-
BHNI0.08x
SHNI0.18x
Retail0.88x
|
|||
Zaggle Prepaid Ocean Services IPO dates
From the bidding window to listing. Today is 12 November.
- Open 14 Sep 2023
- Close 18 Sep 2023
- Allotment 22 Sep 2023
- Refund/credit 25 Sep 2023
- Listing 22 Sep 2023
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Zaggle Prepaid Ocean Services IPO?
As of IPO close date (18 Sep, 2023), the Zaggle Prepaid Ocean Services IPO is subscribed 12.86x times. Retail category is 6.15x, and NII is 9.16x subscribed.
When is the allotment date for Zaggle Prepaid Ocean Services IPO?
The allotment for Zaggle Prepaid Ocean Services IPO is expected to be finalized on 22 September, 2023.
What is the GMP of Zaggle Prepaid Ocean Services?
The Grey Market Premium (GMP) for Zaggle Prepaid Ocean Services is currently ₹10, indicating a potential listing gain of 6%.
When will Zaggle Prepaid Ocean Services IPO list on the stock market?
Zaggle Prepaid Ocean Services is scheduled to list on BSE and NSE on 22 September, 2023.
What are the chances of getting allotment in Zaggle Prepaid Ocean Services IPO?
The retail category is oversubscribed at 6.15x, meaning allotment is by lottery. Statistically, approximately 1 in 7 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 16.94x mean for Zaggle Prepaid Ocean Services IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 16.94x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Zaggle Prepaid Ocean Services IPO allotment status?
After the allotment date (22 Sep, 2023), you can check your Zaggle Prepaid Ocean Services IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Zaggle Prepaid Ocean Services IPO further
Track every stage of this IPO, from subscription to listing.
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Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
