Bangalore-based Zinka Logistics Solution was incorporated in 2015. In the last financial year, it has created an app that has been used by over 9.6 lakh truck operators in India. This app is known as BlackBuck and figures indicate that 27.52% of the country’s truck operators have become regular users of this app.
Zinka Logistics Solution IPO is opening on Wednesday, November 13. The total amount of Rs 1,114.72 crore that is being raised has two distinct parts. Rs 550.00 crores will be raised through a fresh issue of 2.01 crore shares while Rs 564.72 crores will be raised through an offer for sale (OFS) of 2.07 crore shares.
Zinka Logistics Solution IPO price band, lot size
One equity share of Zinka Logistics Solution IPO, or BlackBuck IPO, has been priced at Rs 259-273. In other words, the price band is Rs 259-273. The minimum investible lot size for Zinka Logistics Solution IPO has 54 shares. This means a retail investor has to commit Rs 14,742 to apply for one lot of shares.
Zinka Logistics Solution IPO dates
Investors can begin applying for Zinka Logistics Solution IPO on Wednesday, November 13. The bidding process will remain open for 6 days and close on November 18, 2024. The allotment of Zinka Logistics Solution IPO shares is expected to be done on November 19. The shares of the company will be listed on both NSE and BSE on November 21.
Zinka Logistics Solution IPO GMP
According to investorgain, the GMP (Grey Market Premium) of Zinka Logistics Solution IPO stood at 0 on the morning of November 13, the first day of bidding. The GMP of this share stood at Rs 8 on November 8. The next day it jumped to Rs 24 and remained at that level also on November 10 and 11. But it dipped to Rs 0 late on November 12 and failed to take off in the positive territory on November 13. However, it must be remembered that GMP is an unofficial estimate and is liable to change with time. It guarantees nothing – listing gain or listing loss.
Zinka Logistics IPO Review
Canara Bank Securities, Adroit Financial Services and Marwadi Shares and Finance have signalled “Apply” to this IPO. Capital Market has suggested “Avoid”. Axis Capital and JM Financial have not rated Zinka Logistics IPO. Swastika Investmart has remained “Neutral”.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Zinka Logistics Solution IPO: Bangalore-based company Zinka Logistics Solution has floated a mainboard IPO to raise Rs 1,114.72 crore. It is also being referred to as BlackBuck IPO after the BlackBuck app it created for truck operators. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
