Zaggle Prepaid Ocean Services Ltd Share Price – NSE /  BSE

IT - Software, Small Cap

The company's board authorized and declared the opening of the issue on Wednesday, 18 December 2024.

The floor price of Rs 550.73 is at a discount of 1.89% to the scrip’s previous closing price of Rs 561.35 on the BSE.

The company may offer a discount of not more than 5% on the floor price so calculated for the issue.

The IT-enabled services firm’s board had already approved raising of funds through issuance of equity shares, a qualified institutions placement or any combination of the securities, in one or more tranches for an amount not exceeding Rs 950 crore.

Meanwhile, the company informed that it has entered into a customer service agreement with Narayana Hrudayalaya. Zaggle would provide Narayana Hrudayalaya, the Employee expense management & benefits service, the Zaggle Save till 31 March 2027.

Zaggle Prepaid Ocean Services provides financial technology (fintech) products and services along with prepaid cards and has built a portfolio of software as a service (SaaS), including tax and payroll software, and a broad touchpoint reach.

The company’s consolidated net profit surged 167.3% to Rs 20.29 crore on 64.2% rise in net sales to Rs 302.56 crore in Q2 FY25 over Q2 FY24.

The scrip declined 3.84% to currently trade at Rs 539.80 on the BSE.

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Zaggle Prepaid Ocean Services (Zaggle) has entered into an agreement with HDFC Bank. This alliance partnership agreement is for HDFC Credit Cards bundled with Zaggle Software to be offered to corporate customers across industries.

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According to the regulatory filing, the agreement involves offering HDFC credit cards bundled with Zaggle software to corporate customers across various industries. The strategic alliance will be executed over a three-year period.

Zaggle Prepaid Ocean Services provides financial technology (fintech) products and services along with prepaid cards and has built a portfolio of software as a service (SaaS), including tax and payroll software, and a broad touchpoint reach.

The company’s consolidated net profit surged 167.3% to Rs 20.29 crore on 64.2% rise in net sales to Rs 302.56 crore in Q2 FY25 over Q2 FY24.

The scrip hit an all-time high of Rs 551.10 in intraday today.

Shares of HDFC Bank rose 0.73% to Rs 1,870 on the BSE.

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Zaggle Prepaid Ocean Services (Zaggle) advanced 2.43% to Rs 512.10 after the company announced that it has entered into agreements with Hitachi India and Blink Commerce.The agreement with Hitachi India entails providing the Zaggle Propel Rewards Solution for a period of 1 year.

Meanwhile, the company announced that it has entered into an agreement with Blink Commerce to provide Blink Commerce with the Zoyer Solution, and the project is expected to be completed within 2 years.

Zaggle Prepaid Ocean Services provides financial technology (fintech) products and services along with prepaid cards and has built a portfolio of software as a service (SaaS), including tax and payroll software, and a broad touchpoint reach.

The company’s consolidated net profit surged 167.3% to Rs 20.29 crore on 64.2% rise in net sales to Rs 302.56 crore in Q2 FY25 over Q2 FY24.

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