Zinka Logistics IPO: According to NSE data, the IPO received bids for 4,19,40,018 shares against 2,25,67,270 shares on offer.
Zinka Logistics IPO: Zinka Logistics Solutions Ltd, a digital platform for truck operators, witnessed strong interest during its initial public offering (IPO), which was subscribed 1.86 times on the final day of bidding on Monday. Investors are now waiting to know the allotment date and subscription status.
Zinka Logistics IPO Listing Date: The equity shares are scheduled for listing on the BSE and NSE on Thursday, November 21.
Zinka Logistics IPO Allotment Date
With the bidding phase now closed, applicants eagerly await the IPO allotment, which is anticipated to be finalised today, November 19.
Zinka Logistics IPO Subscription Status
Investors can check the allotment status on the official website of the registrar, KFin Technologies, BSE and NSE websites.
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How to Check Zinka Logistics IPO Allotment Status?
On KFin Technologies Website
- Visit the KFin Tech IPO status page.
- Select Zinka Logistics from the dropdown menu.
- Enter your PAN, Application Number, or DP Client ID.
- Click on Submit.
- Your IPO allotment status will be displayed.
On NSE Website
- Go to the NSE IPO status page.
- Register or log in with your details.
- Select Zinka Logistics from the available options.
- Enter your IPO Application Number.
- Click on Submit.
- The allotment status will appear on the screen.
On BSE Website
- Visit the BSE website.
- Navigate to the Investors section.
- Under the Investor Services dropdown, select Status of Issue Application.
- Click on Application Status Check.
- Choose Equity as the issue type.
- Enter the required details, including the Issue Name (Zinka Logistics), and your PAN.
- Click Search to view the allotment status.
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Zinka Logistics IPO Details
According to NSE data, the IPO received bids for 4,19,40,018 shares against 2,25,67,270 shares on offer.
-Qualified Institutional Buyers (QIBs): Subscribed 2.76 times
-Retail Individual Investors (RIIs): Subscribed 1.65 times
-Non-Institutional Investors: Subscribed 24%
Anchor Investors Mobilization
Zinka Logistics raised over Rs 501 crore from anchor investors ahead of the IPO.
Zinka Logistics IPO Price Band
The Rs 1,115-crore IPO was offered in a price range of Rs 259-273 per share. It comprised:
- Fresh Issue: Shares worth Rs 550 crore
- Offer-for-Sale (OFS): Up to 2.06 crore shares, valued at Rs 565 crore at the upper price band
Utilisation of Funds
Proceeds from the fresh issue are allocated as follows:
- Rs 200 crore for sales and marketing initiatives
- Rs 140 crore for investments in Blackbuck Finserve
- Rs 75 crore for product development expenses
- Remaining funds for general corporate purposes
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Company Overview
Zinka Logistics Solutions aims to upgrade India’s trucking industry by enabling truck operators through digital tools to improve efficiency and earnings.
Its flagship BlackBuck app offers solutions for:
- Payments
- Telematics
- Load management
- Vehicle Financing
The company collaborates with FASTag banks and oil marketing companies (OMCs) to provide seamless tolling and fueling solutions, earning commission margins from transaction values.
Key Stakeholders in the IPO
The IPO was managed by leading book-running lead managers:
- Axis Capital
- Morgan Stanley India Company
- JM Financial
- IIFL Capital Services
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Readers are advised to check with certified experts before making any investment decisions.
