Zaggle IPO Anchor Investors Pour in Rs 253 Crore

Zaggle IPO: Anchor Investors Pour in Rs 253 Crore

Spend management solutions startup Zaggle has raised Rs 253.52 crore from anchor investors ahead of its IPO.

The IPO will open for subscription on September 14 and close on September 18.

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The price band for the IPO has been set at Rs 156-164 per share.

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The company was founded in 2016 by Raj P Narayanam and Avinash Ramesh Godkhindi.

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The company has over 1,000 customers, including some of the largest corporates in India.

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The IPO is expected to help Zaggle to expand its business and reach new customers.

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This is a positive sign for the IPO and is likely to boost investor confidence.

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The company is targeting a valuation of Rs 1,500 crore-2,000 crore through the IPO.

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Zaggle is well-positioned to benefit from the growing spend management market in India.

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The IPO is open for subscription from September 14 to 18.

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Invest 25000 and earn 1 Crore Apple Share

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