Zaggle Prepaid Ocean Services Limited raises ₹ 253.52 crore from 23 anchor investors at the upper price band of ₹ 164 per equity share

Zaggle Prepaid Ocean Services Ltd, has allotted 15,458,515 Equity Shares to 23 anchor investors and raised ₹ 253.52 crore ahead of company’s proposed IPO at the upper price band of ₹ 164 per equity share (including premium of ₹ 163 per equity shares) with face value of ₹ 1 per share.

The anchor allocation is as follows:

Sr. No.	Name of Anchor Investor	No. of Equity Shares Allocated	% of Anchor Investor Portion	Bid Price (₹ per Equity Share)	Total Amount Allocated (₹)
1	KOTAK EQUITY OPPORTUNITIES FUND	1,432,980	9.27	164	235,008,720
2	NEUBERGER BERMAN EMERGING MARKETS EQUITY FUND	1,432,980	9.27	164	235,008,720
3	ICICI PRUDENTIAL TECHNOLOGY FUND	716,490	4.63	164	117,504,360
4	ICICI PRUDENTIAL BANKING AND FINANCIAL SERVICES FUND	716,490	4.63	164	117,504,360
5	EASTSPRING INVESTMENTS INDIA FUND	914,670	5.92	164	150,005,880
6	LIC MF LARGE & MID CAP FUND LI170	914,670	5.92	164	150,005,880
7	ABAKKUS DIVERSIFIED ALPHA FUND	914,670	5.92	164	150,005,880
8	KOTAK ICONIC FUND	487,890	3.16	164	80,013,960
9	MATTHEWS ASIA FUNDS ASIA SMALL COMPANIES FUND	487,890	3.16	164	80,013,960
10	VALUEQUEST S C A L E FUND	487,890	3.16	164	80,013,960
11	BENGAL FINANCE AND INVESTMENT PVT LTD (Ashish Kacholia)	487,890	3.16	164	80,013,960
12	NATIXIS INTERNATIONAL FUNDS (LUX) I – LOOMIS SAYLES GLOBAL EMERGING MARKETS EQUITY FUND	914,670	5.92	164	150,005,880
13	TURNAROUND OPPORTUNITIES FUND	914,670	5.92	164	150,005,880
14	ELARA INDIA OPPORTUNITIES FUND LIMITED	609,826	3.94	164	100,011,464
15	ANANTA CAPITAL VENTURES FUND 1	304,913	1.97	164	50,005,732
16	ACM GLOBAL FUND VCC	914,670	5.92	164	150,005,880
17	VIKASA INDIA EIF I FUND	304,912	1.97	164	50,005,568
18	MORGAN STANLEY ASIA (SINGAPORE) PTE. – ODI	609,826	3.94	164	100,011,464
19	GOLDMAN SACHS (SINGAPORE) PTE. – ODI	304,913	1.97	164	50,005,732
20	FOUNDERS COLLECTIVE FUND	487,890	3.16	164	80,013,960
21	ASTORNE CAPITAL VCC – ARVEN	487,890	3.16	164	80,013,960
22	COPTHALL MAURITIUS INVESTMENT LIMITED – ODI ACCOUNT	304,913	1.97	164	50,005,732
23	SOCIETE GENERALE – ODI	304,912	1.9	164	50,005,568
	TOTAL	15,458,515	100		2,535,196,460

Out of the total allocation of 15,458,515 Equity shares to the Anchor Investors, 3,780,630 Equity shares (i.e. 24.46% of the total allocation to the Anchor Investors) were allocated to 3 domestic mutual funds through a total  of 4 schemes.

Sr. No.	Name of Anchor Investor	No. of Equity Shares Allocated	% of Anchor Investor Portion	Bid Price (₹per Equity Share)	Total Amount Allocated (₹)
1	KOTAK EQUITY OPPORTUNITIES FUND	1,432,980	9.27	164	235,008,720
2	ICICI PRUDENTIAL TECHNOLOGY FUND	716,490	4.63	164	117,504,360
3	ICICI PRUDENTIAL BANKING AND FINANCIAL SERVICES FUND	716,490	4.63	164	117,504,360
4	LIC MF LARGE & MID CAP FUND LI170	914,670	5.92	164	150,005,880
	TOTAL	3,780,630	24.46		620,023,320

ICICI Securities Limited, Equirus Capital Private Limited, IIFL Securities Limited and JM Financial Limited are the book running lead managers to the Offer.