Crow Verdict: High valuation, niche business with no scope for huge margins, better global competitors like Pluxee-Zeta (formerly Sodexo), and vanishing GMP are my major concerns. Positives of 10% retail quota and 70% fresh issue doesn't excite me. I don't think Zaggle has enough fancy to command a listing pop. Better to stay away.
Crow's skin in the game: I may not apply as retail subscription is already near 4x. Doesn't make sense to block money.
Crow's last AVOID recommendation: Pyramid Technoplast (13% listing pop but immediate LC and currently up 2.40%).
Always in restraint of Mrs. Crow.