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Zinka Logistics IPO Sees 0.01x Subscription on Day 1 as of 12:12 PM

13 November 20243 mins read by Angel One
Zinka Logistics IPO opened on November 13, 2024. As of 12:12 PM, it was subscribed 0.01x, with the retail category at 0.06x. The price band of the IPO was set at ₹259 to ₹273 per share.
Zinka Logistics IPO Sees 0.01x Subscription on Day 1 as of 12:12 PM
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Zinka Logistics IPO (BlackBuck IPO), one of the upcoming IPOs in India, opened for subscription today, November 13, 2024, and will close on November 18, 2024. 

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

This is a book-built issue of ₹1,114.72 crores, which comprises 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.

Zinka Logistics IPO price band is set between ₹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 10:28 AM on November 13, 2024, Zinka Logistics Solutions IPO GMP today stands at ₹0.

The company intends 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, as of 12:12 PM, Zinka Logistics IPO was subscribed 0.01 times. The retail category was subscribed 0.06x, the NII category was 0.00x and the employee category was subscribed 0.15x.

About Zinka Logistics Company Ltd

Zinka Logistics Solutions is the largest digital platform in India for truck operators, with 9,63,345 truck operators transacting on their platform in FY 2024, representing 27.52% of India’s total truck operators. The company’s mission is to digitally empower these operators, assisting them to manage their businesses and improve their earnings. Via 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.

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