Zinka Logistics IPO: Zinka Logistics Solutions Ltd, a digital platform for truck operators, saw strong interest during its initial public offering (IPO), which was subscribed 1.86 times on the last 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 to be listed on BSE and NSE on Thursday, November 21.
Zinka Logistics IPO Allotment Date
With the bidding phase now closed, applicants are eagerly awaiting the IPO allotment, which is expected to close today, November 19.
Zinka Logistics IPO Subscription Status
Investors can check the allotment status on the Registrar’s official website, KFin Technologies, BSE and NSE websites.
How to Check Zinka Logistics IPO Allotment Status?
on the 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 allocation status will be displayed.
on the NSE website
- Go to 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.
- Allotment status will appear on the screen.
on the BSE website
- Visit the BSE website.
- Navigate to Investors section.
- Under the Investor Services dropdown, select Status of Issue Application.
- Click on Check Application Status.
- Select Equity as the Issue Type.
- Enter the required details including Issue Name (Zinka Logistics) and your PAN.
- Click Search to view the allocation status.
Zinka Logistics IPO Details
According to NSE data, the IPO received bids for 4,19,40,018 shares while 2,25,67,270 shares were on offer.
-Qualified Institutional Buyers (QIBs): 2.76 times subscribed
-Retail Individual Investors (RIIs): 1.65 times subscribed
-Non-Institutional Investors: Subscribe 24%
Anchor Investors Mobilization
Before the IPO, Zinka Logistics raised Rs. 501 crore was collected.
Zinka Logistics IPO Price Band
Rs. 1,115 crore IPO per share at Rs. 259-273 was offered in the price range. It includes:
- Latest issue: Rs. 550 crore shares
- Offer-for-sale (OFS): Up to 2.06 crore shares, valued at the upper price band of Rs. 565 crores
Use of funds
Proceeds from the fresh issue are allocated as follows:
- For sales and marketing initiatives Rs. 200 crores
- Investment in Blackbuck Finserv Rs. 140 crores
- For product development cost Rs. 75 crores
- Remaining funds for general corporate purposes
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 provides solutions for:
- Payments
- Telematics
- Load management
- Vehicle financing
Company FASTag collaborates with banks and oil marketing companies (OMCs) to provide seamless tolling and fueling solutions, earning commission margins from transaction values.
Key stakeholders in an IPO
The IPO was managed by leading book-running lead managers:
- Axis Capital
- Morgan Stanley India Company
- JM Financial
- IIFL Capital Services