Zaggle prepaid shares: In a notice sent to the stock markets, Jaigal Prepaid said that it was approved by the Board of Directors to raise funding up to Rs 60 crore. This funding will be collected through a warrant issue. The company said that this approval was given in the meeting of the Board of Directors on October 3.
Jaigal Prepaid said that it will release 10.58 lakh warrants on a cash basis. These warrants will be released at a price of Rs 567 per warrant. This will be an amount of up to ₹ 59.99 crore in total. Warrants will be released on preferred basis to promoter groups and non-promoter investors.
The company made it clear that every warrant can be converted into an equity share, whose face value will be Rs 1.
Let us know that Jaggel Prepaid had increased its organic growth guidance from 30-35% to 40-45% last week. The company’s MD and CEO Avinash Godkhindi said in a conversation with the CNBC-TV18 that the company’s margin is expected to be stable at 10–11% in this financial year.
Stock conditions
Jaggel Prepaid shares closed at Rs 347.10 per share on Friday 3 October. However, in the year 2025, this stock has fallen by about 36.3% so far.
About company
Zaggle Prepaid Ocean Services Ltd is a fintech company that provides financial software and payment solutions for corporates and small and medium enterprises. Its shares are listed under the symbol of Zaggle in the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
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