Shares of fintech Saas company Zaggle Prepaid debuted at the IPO issue price of Rs 164 on NSE in Friday's trade while on BSE, the stock listed at a 1.2% discount to the IPO price at Rs 162 apiece.
Most analysts were cautious on the IPO over aggressive valuations. "If we attribute FY23 earnings to the post-IPO fully diluted paid-up equity capital of the company, the asking price is at a P/E of 66.7," analysts said.
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