Zaggle Prepaid Ocean Services Limited

Qualified Institutional Placement

Service

December 2024

Date

Banking, Financial Service and Insurance

Sector

INR 5,948 MN

Deal Value

 Zaggle Prepaid Ocean Services Limited

Nuvama Contribution:

  • “Banker of Choice” having handled Highest Mid size QIP deals* on the street
  • Nuvama led the procurement by bringing in key & marquee investors that built confidence in launching the deal – Achieving a Significant Share of ~48% in a 3 banker syndicate as well as garnered participation from 2 out of Top 3 Investors in the book
  • Nuvama garnered participation from a diverse investor set including Marquee ‘Long Only’ DIIs & FIIs, Mutual Funds, Insurance Companies and Multi Strategy Funds
  • This is Nuvama’s 17th QIP in a span of 1 year^

Deal Details:

  • Zaggle Prepaid successfully closed its maiden QIP within 16 months of its  Listing that will aid the Company to raise capital for funding its strategic investments and repayment of debt
  • The QIP received strong demand across investor categories with 80% of the book being allocated to LO investors

*Private Sector QIP deals between INR 250 to 1,000 crs considered since Jan’23
^Since Nov-23