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%).
76.2. Crow| Link| Bookmark|
September 22, 2023 10:37:45 AM
IPO Mentor (700+ Posts, 900+ Likes)
I wish I was wrong but market is supreme. Though in its defense Zaggle gave a chance to exit. A lot better than Pyramid Technoplast that trapped investors for a while.
QIB may not be so high like other IPOs in the last week. Unlike others, 75% of the issue subscription allotted to Anchor and QIB. This is a tech company. Irrespective of any GMP. I am positive. applying 2 Retail.
QIB just made a entry Looks long way to go How much QIB investment will enthuse our seasoned Senior Members to apply for this issue. Advice/views will be highly appreciated
My points, As an experienced working in SaaS and a small investor.
1. I dont see a great or unique software, they may develop one later. 2. Most of the business is from India, why not US market, money is there. 3. They are not sticking to one product, they r jumping to new before maturity, its good and bad both. 4. In software world, there are well known investors who undertands SaaS, i see none. Pre-IPO investors might not know SaaS. 5. SaaS is usually high growth, expensive valued, so its fine. 6. I tried checking in Crunchbase, G2 and went throught reviews, nothing exceptional. 7.Company seems struggling with debt and they want to clear that.
List may never end. I will avoid investing on Zaggle for long term based on overall development, they may do good after IPO, idk. Everyone here are Listing gain experts, take ur investment decisions wisely.
67.1. Ipoaspire| Link| Bookmark|
September 18, 2023 10:54:38 AM
Top Contributor (300+ Posts, 100+ Likes)
Gmp is just 10.and very high chances 9f listing in discount..
67.2. UjwalG| Link| Bookmark|
September 18, 2023 11:45:55 AM
IPO Guru (1000+ Posts, 500+ Likes)
Yes correct. 3 to 4 products are still contributing zero revenues and have been recently launched,in 2022 & 2023. (Named as Zakey,Zatix,Zoyer,Zaggle payroll card). Plus points only for selecting funky names :)
67.3. Pandit Ji| Link| Bookmark|
September 18, 2023 11:59:51 AM
Top Contributor (400+ Posts, 200+ Likes)
To add to that, why apply in an IPO whose registrar takes 7 days to list the share 😆
Most Investors are doing the waiting game looking for reasonable subscription in QIB Category, FIIs, DIIs and MFs followed by BHNI and SHNI. Anchor book supported by Kotak, ICICI and LIC. Let us see what happens around 3 pm.
Last day of subscription and absolute zero subs from QIB. Seeing this after a long time.... kahi aisa na ho issue he fail ho jaaye! Total subs is just 0.56.
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