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Zaggle Prepaid Ocean Services Limited advised by Equirus (Book Running Lead Manager) successfully listed on Indian stock exchanges on Friday, September 22, 2023. The offering generated substantial demand, with subscription of ~12.6 times. Equirus led the company positioning, valuations, investor conversions and timelines. Equirus dominated the 4 BRLM syndicate delivering a ~75% of demand in pre-IPO, and 57% of demand in Anchor book.

This triumph marks Equirus Capital's third successful IPO venture in Q2 FY24, following the successes of Netweb Technologies and TVS Supply Chain and another cap in the feather for bringing new ideas to the capital markets. 

Munish Aggarwal, the Managing Director, Equity Capital Markets, expressed, "Equirus Capital has continually excelled in client servicing, sales outcomes, and the quality of financial advice which is getting demonstrated in huge outperformance in multi-banker transactions. The momentum achieved in recent transactions and our out-performance in such transactions further propels Equirus Capital on its path to becoming the largest advisor for capital market transactions in India.“

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