Zaggle shares fall 3% on debut
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Shares of fintech player Zaggle Prepaid Ocean Services Ltd made a muted market debut on Friday, falling over three per cent, against the issue price of Rs 164.
The stock listed at Rs 162, down 1.21 per cent from the issue price on the BSE. During the day, it hit a high of Rs 176 and a low of Rs 155.60. Shares of the company ended at Rs 158.30 per piece, down 3.47 per cent.
On the NSE, the stock got listed at par with the issue price of Rs 164. Shares of the company ended at Rs 159.50 apiece, lower by 2.74 per cent. The company commanded a market valuation of Rs 1,932.79 crore. In volume terms, 12.49 lakh shares of the company were traded on the BSE and over 2.15 crore shares on the NSE during the day.
The Initial Public Offering (IPO) of Zaggle Prepaid Ocean Services Ltd was subscribed 12.57 times on the last day of subscription on Monday.
