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ZAGGLE IPO

Zaggle Prepaid Ocean Services Limited

IPO Doc

Start Date14-09-2023

Application Timing10am-5pm

Price Range₹156 - ₹164

Min Qty90

Min. Investment₹14040

Listing DateNA

Close Date18-09-2023

About Zaggle Prepaid Ocean Services Limited

Why To Invest in Zaggle Prepaid Ocean Services Limited

FIntech, SaaS player having one of the largest number of issued prepaid cards in India offering tax, payroll software and spend management. The IPO proceeds will be used towards customer acquisition, technology development expenses and prepayment of debt.

Strengths And Risks

Differentiated SaaS-based Fintech Platform: : The platform combines a unified SaaS-based platform with a comprehensive product stack that digitises business and employee spend management, and rewards for businesses, along with payment instruments.

Diverse Customer Relationships: : They have a diverse customer base covering leading brands across multiple industry verticals and relationships with some of the well-known names e.g. Persistent Systems, Tata Steel, Vitech, PCBL etc.

In-house Technology: : They provide a composite SaaS and fintech offering under a single application and payment instrument. They also offer CEMS, customer engagement management system that enables merchants to comprehensively manage their customer experiences.

Diverse Revenue Sources:: Their business model is a key differentiator acquiring large user bases through corporate and SMB Customers to limit costs incurred on the acquisition of new users relative to other B2C/retail focused players.

Experienced Promoter: : Company is led by experienced Promoter, CEO and able management with experience in technology, fintech industry and banking industry.

Third Party Risk: : Company is dependent on third-party payment networks, channel partners and third-party providers for various aspects of business and growth, and any failure to maintain these relationships could adversely affect business.

High Competition:: India’s spend management market and the fintech space is rapidly evolving, is increasingly competitive, fragmented, and subject to changing technology, shifting user and customer needs, new market entrants.

Seasonality: : The business is impacted by seasonal variations in sales volumes which may cause revenues to vary between different quarters in a financial year.

Legal & Regulatory Risk: : Laws and regulation governing business and operations may continue to change and introduction of new laws and regulation may adversely affect the financial condition.

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Astha Credit & Securities Pvt Ltd
NSE, BSE & MCX Sebi Reg No:
INZ000187932

For any grievance contact:
grievance@rupeezy.in
0755-4268599

Membership ID:
NSE - 12227 BSE-6844 MCX - 40000
NSDL-IN303420 CDSL-94500

For cyber attack incident reporting:
gyanesh@rupeezy.in
9669695615

CIN:
U65929MP2003PTC016241

SEBI RA Registration:
INH000013332

SEBI Depository Participant Reg No:
IN-DP-611-2021

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Attention Investors:
1.No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. 2.KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

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Awareness regarding guidelines regarding margin collection:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
Pay 20% upfront margin of the transaction value to trade in cash market segment
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
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The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.
To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.

Disclaimer:

Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
Brokerage will not exceed SEBI prescribed limit.
Please refer to the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Don'ts issued by Stock Exchanges and Depositories before trading on the Stock Exchanges.
For commodities derivatives please note that Commodities Derivatives are highly leveraged instruments.
Before investing in the asset class consider your investment objectives, level of experience and risk appetite carefully.
Mutual fund investments are subject to market risks, read all scheme related documents carefully. Mutual Funds are not an approved product of the Exchanges and any dispute related to this will not be dealt at Exchange platform. ACSPL is a Mutual fund distributor/s registered for Mutual Funds.

Client Bank account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062
2	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	57500000351820	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

Client registration documents in Vernacular languages: Get Documents