Zinka Logistics Solution was set up in April 2015 and has been successfully running the BlackBuck app for truck operators. According to reports, in FY24, more than 9.6 lakh truck operators in Indian conducted business through the BlackBuck app, which amounts to as much as 27.52% of all Indian truck operators.
Zinka Logistics Solution is floating a mainboard IPO designed to raise Rs 1,114.72 crore. It has two parts – a fresh issue of 2.01 crore shares worth Rs 550.00 crores and an OFS (offer for sale) of 2.07 crore shares worth Rs 564.72 crores.
Zinka Logistics Solution IPO price band, dates
Zinka Logistics Solution IPO will open for bidding on Wednesday, November 13 and the process of bidding will close on Monday, November 18, 2024. The allotment for Zinka Logistics Solution IPO shares will take place on November 19. While listing of the shares on NSE and BSE will happen on November 21.
Each equity share of Zinka Logistics Solution IPO has been set at Rs 259-273. The minimum lot size for Zinka Logistics Solution IPO contains 54 shares which will need an investment of Rs 14,742 by retail investors. For sNIIs – sNII refers to those who bid for shares worth between Rs 2 lakh and Rs 10 lakh – the minimum lot size is 14 lots (or 756 shares) which will require a commitment of Rs 206,388.
Zinka Logistics Solution IPO GMP
According to investorgain, the Grey Market Premium, or GMP, of Zinka Logistics Solution IPO stood at Rs 24 on the morning of November 12. Considering an issue price of Rs 273, it indicates a listing gain of 8.79%. 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.
Lead managers to the issue
The list of lead managers to the Zinka Logistics Solution IPO includes names such as Axis Capital, Morgan Stanley India, JM Financial, IIFL Securities. Kfin Technologies is the registrar to the issue.
(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 has created an app for truck operators. It is known as BlackBuck and helps truck operators with telematics, a freight marketplace, vehicle financing and also payments. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
