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.