Zinka Logistics IPO Subscription Hits 0.21x on Day 3 as of 12:48 PM

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

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

BlackBuck IPO is a book-built issue of ₹1,114.72 crores, comprising 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 range is from ₹259 to ₹273 per share. The minimum lot size for an application is 54 shares. Retail investors need to make a minimum investment of ₹14,742.

As of 9:58 AM on November 18, 2024, Zinka Logistics Solutions IPO GMP today stands at ₹0.

The company plans to use 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, Zinka Logistics IPO was subscribed 0.18 times. The retail category was subscribed 0.22x, the QIB category was subscribed 0.26x, the NII category was 0.01x and the employee category was subscribed 0.80x.
• On Day 3, November 18, 2024, as of 12:48 PM, Zinka Logistics IPO was subscribed 0.21 times. The retail category was subscribed 0.34x, the QIB category was subscribed 0.26x, the NII category was 0.02x and the employee category was subscribed 1.42x.

About Zinka Logistics Company Ltd

Zinka Logistics Solutions is the largest Indian digital platform for truck operators. In FY 2024, the company had 9,63,345 truck operators transacting on their platform, which represents 27.52% of the country’s total truck operators. The company’s aim is to digitally empower these operators, assisting them to manage their businesses and improve 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.