Zaggle placement draws major banks, raises Rs 595 Cr at 5% discount

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Zaggle placement draws major banks, raises Rs 595 Cr at 5% discount - YourStory

Quick Summary:

The Mumbai-listed company sold 11.37 million shares at 523.20 rupees each, representing a 5% discount on the floor price.

The company’s revenue from operations surged to Rs 302.55 crore, up 64.21% from Rs 184.24 crore in Q2 FY24.

Zaggle is also eyeing strategic expansions, with plans to pursue M&A opportunities within the SaaS fintech space, targeting segments such as NBFCs and Payments.