ZAGGLE PREPAID OCEAN SERVICES LIMITED

ZAGGLE PREPAID OCEAN LIMITED - IPO DETAILS 

Company Overview 

As of March 31, 2023, the company holds a prominent position in spend management, having issued over 50 million prepaid cards in collaboration with banking partners and serving more than 2.27 million users.  

The company's Software as a Service (SaaS) platform is designed for various aspects of Business Spend Management, including expense management and vendor management. Additionally, it manages employee and channel partner rewards and incentives, as well as merchant gift card management, collectively referred to as the Customer Engagement Management System (CEMS). 

With a customer base of 2,411 clients in India as of March 2023, the company's corporate customers span various industries, encompassing banking and finance, technology, healthcare, manufacturing, fast-moving consumer goods (FMCG), infrastructure, and the automobile sector. Zaggle Prepaid Ocean Services serves a range of prominent clients, including companies like TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP Sanjiv Goenka Group), Hiranandani Group, Cotiviti, Greenply Industries, and more. 

Objective of the IPO 

Here are a few quick reasons why Zaggle Prepared Ocean Services Limited going public:  

1. Expenditure related to acquiring and retaining customers. 

2. Investment in technology and product development. 

3. Repayment or partial prepayment of company borrowings. 

4. Allocating funds for overarching corporate needs and objectives. 

Company Financials 

Key Performance Indicator 

Pros 

1. The company operates a unique SaaS-based fintech platform that provides a variety of payment options, mobile applications, and API integrations, catering to diverse customer preferences and requirements. 

2. The company possesses internally developed technology and a robust network infrastructure. 

3. The company has established a robust business model characterized by multiple revenue streams and minimal expenses associated with customer acquisition and retention.  

4. The company maintains a wide range of customer relationships spanning various sectors, including valuable banking and merchant partnerships. 

Cons 

1. The company's recent revenue growth rates may not accurately predict its future financial performance due to its relatively short operating history at its current scale. If the company fails to efficiently handle its growth, it could have a significant negative impact on its overall success, as well as potentially affecting its profit margins and overall profitability. 

2. The company might not retain all of its current customers since its business operates on a subscription model, and existing customers are not obliged to renew their subscriptions once they expire.  

3. The company faces potential challenges if it experiences the termination of its relationships with banking partners, including Preferred Banking Partners, or encounters alterations in interchange fees due to various factors. Such developments could have a detrimental impact on the company's business. 

How to Apply for this IPO 

1. Go to https://ipo.adityatrading.in/ 

2. Enter your Client ID 

3. Enter the OTP received in your registered mobile number. 

4. Choose the IPO and click on apply button. 

5. Enter the UPI ID, Quantity, and Cut off the price. 

6. Click on submit button 

7. Confirm the mandate request received on your phone by entering the UPI Pin. 

You can also watch our youtube video on “How to Apply on IPO” by clicking on the link “https://www.youtube.com/watch?v=1qOI8dCpl1I&ab_channel=ATS”