Zaggle Prepaid Ocean Services is poised to make its stock market debut on BSE and NSE today after its initial public offering (IPO) saw strong interest from investors. The IPO, which ran from September 14 to September 18, was oversubscribed nearly 13 times in total. Although analysts expect a listing price that is around 5-7% higher than the issue price, the sentiment in the market has been subdued due to recent events.
Despite this, long-term investors may find value in the fintech company, which operates a profitable SaaS-based platform. Zaggle raised ₹563.38 crore through its IPO, comprising a fresh issue of shares and an offer-for-sale by selling shareholders. Grey market premiums suggest a positive listing for the company.