Zinka Logistics IPO Subscription Hits 0.17x on Day 2 as of 12:08 PM

Zinka Logistics IPO (BlackBuck IPO), one of the upcoming IPOs in India, opened for subscription on November 13, 2024, and will close on November 18, 2024. 

The share allotment of Zinka Logistics IPO is expected to be finalised on November 19, 2024. The tentative listing date is November 21, 2024. The shares will be listed on both NSE and BSE.

BlackBuck IPO is a book-built issue of ₹1,114.72 crores, which contains a fresh issue of 2.01 crore shares aggregating up to ₹550.00 crore and an offer for sale of 2.07 crore shares aggregating up to ₹564.72 crore.

The IPO price band is set between ₹259 to ₹273 per share. The minimum lot size for an application is 54 shares. Retail investors are required to make a minimum investment of ₹14,742. 

As of 9:55 AM on November 14, 2024, Zinka Logistics Solutions IPO GMP today stands at ₹0.

The company plans to utilise the net proceeds for the augmentation of its capital base to strengthen solvency levels and for general corporate purposes. 

Zinka Logistics IPO Subscription Status

• On Day 1, November 13, 2024, Zinka Logistics IPO was subscribed 0.26 times. The retail category was subscribed 0.11x, the QIB category was subscribed 0.26x, the NII category was 0.01x and the employee category was subscribed 0.29x.
• On Day 2, November 14, 2024, as of 12:08 PM, Zinka Logistics IPO was subscribed 0.17 times. The retail category was subscribed 0.18x, the QIB category was subscribed 0.26x, the NII category was 0.01x and the employee category was subscribed 0.61x.

About Zinka Logistics Company Ltd

Zinka Logistics Solutions is the largest digital platform in India for truck operators. It had 9,63,345 truck operators transacting on its platform in FY 2024, which represents 27.52% of the country’s total truck operators. The company’s mission is to digitally empower these operators, helping them to manage their businesses and enhance their earnings. Through Zinka Logistics’ platform, truck operators can manage payments for tolls and fuel, track drivers and fleets using telematics, access financing for purchasing used vehicles and more.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.