In September 2023, this stock was listed on both BSE and NSE. Since the listing, the stock has given 37% returns to the investors. On Friday the stock rose more than 7% after it entered into a contract with BOB Finacial Solution Ltd and the stock climbed to a new 52-week high at Rs. 222.30.
Zaggle Prepaid Ocean Services Ltd
Zaggle Prepaid Ocean Services Ltd. is a small-cap company having a market capitalisation of Rs. 2,654 Cr. On Friday the company shares closed 7.1% up at Rs. 217.40 on BSE.
According to the company filing, Zaggle Prepaid Ocean Services Ltd has entered into a contract with BOB Financial Solutions Limited for implementing commercial card onboarding & value-added services platforms.
The contract will be executed in 5 years and the contract value is Rs. 98.64 lakhs.
As per the latest shareholding data, promoters hold 44.07% and the public holds a 55.93% stake in the company.
Zaggle Prepaid Ocean Services Ltd. provides card administration, expense reporting, invoice automation, insights, billing collection, cash flow management, and other services. It also provides digital gift certificates for a variety of products.
The company is a leading player in spend management, with more than 50 million prepaid cards issued in collaboration with banking partners and more than 2.27 million users served, as of March 31, 2023.
Written by Sheshadri N
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