Zinka Logistics IPO Set to Open On November 13: All You Need to Know

Zinka Logistics IPO is all set to open for subscription on November 13, 2024, and closes on November 18, 2024. Zinka Logistics is seeking to raise ₹1,114.72 crore IPO, which is a combination of a fresh issue of ₹550.00 crore and an offer for sale of ₹564.72 crore. Zinka Logistics IPO allotment is expected to be finalised on November 19, 2024. Zinka Logistics IPO will be listed on BSE and NSE with a tentative listing date of November 21, 2024.

Zinka Logistics IPO price band has been set at ₹259 to ₹273 per share. The minimum lot size for an application is 54 Shares. The minimum amount of investment required by retail investors is ₹14,742. 

Zinka Logistics Solution Limited has appointed Axis Capital Limited, Morgan Stanley India Company Pvt Ltd, JM Financial Limited and IIFLSecurities Ltd as the book-running lead managers, while Kfin Technologies Limited is the registrar for the issue.

Objects of Zinka Logistics IPO

Zinka Logistics propose to utilise the Net Proceeds towards funding the following objects:

• Funding towards sales and marketing costs;
• Investment in Blackbuck Finserve Private Limited, its NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements;
• Funding of expenditure about product development; and
• General corporate purposes.

About Zinka Logistics Solution Limited

Founded in April 2015, Zinka Logistics Solution Limited provides a comprehensive digital platform, the BlackBuck app, designed to streamline operations for truck operators in India. By fiscal year 2024, the platform had become a key player in the industry, with 963,345 truck operators—representing 27.52% of the national total—conducting their business through BlackBuck. The app offers a range of services including payment solutions, telematics, a freight marketplace, and vehicle financing, all aimed at helping truck operators improve efficiency and achieve their business goals.

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.