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Bloomberg Quint

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Zaggle Prepaid Approves Allotment Of 1.13 Crore Shares Via QIP

  • Zaggle Prepaid Ocean Services Ltd. has approved the allotment of 1.13 crore shares to qualified institutional buyers.
  • The shares were allotted at an issue price of Rs 523.20 per equity share, reflecting a 5% discount on the floor price.
  • The allotment resulted in an increase in the company's paid-up equity share capital from Rs 12.28 crore to Rs 13.42 crore.
  • Motilal Oswal Investment Advisors, Equirus Capital, and Nuvama Wealth Management were the book-running lead managers for the transaction.

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