Zinka Logistics Initial Public Offering Allotment Date: Check Subscription Status And All Details Here

Last Updated: November 19, 2024, 10:33 IST

Zinka Logistics Initial Public Offering: According to NSE data, the Initial Public Offering obtained quotes for 4,19,40,018 shares versus 2,25,67,270 shares accessible.

Zinka Logistics Initial Public Offering: Zinka Logistics Solutions Ltd, an digital system for automobile drivers, skilled strong fee of curiosity all through its going public (Initial Public Offering), which was subscribed 1.86 instances on the final day of bidding course of onMonday Investors are at present ready to acknowledge the allocation day and membership situation.

Zinka Logistics Initial Public Offering Listing Date: The fairness shares are arrange for detailing on the BSE and NSE on Thursday, November 21.

Zinka Logistics Initial Public Offering Allotment Date

With the bidding course of stage at present shut, candidates excitedly anticipate the Initial Public Offering allocation, which is predicted to be settled immediately, November 19.

Zinka Logistics Initial Public Offering Subscription Status

Investors can study the allocation situation on the primary web site of the registrar, KFin Technologies, BSE and NSE websites.

How to Check Zinka Logistics Initial Public Offering Allotment Status?

On KFin Technologies Website

• Visit the KFin Tech Initial Public Offering situation internet web page.
• Select Zinka Logistics from the dropdown meals choice.
• Enter your FRYING PAN, Application Number, or DP Client ID.
• Click on Submit.
• Your Initial Public Offering allocation situation will definitely be offered.

On NSE Website

• Go to the NSE Initial Public Offering situation internet web page.
• Register or go to together with your data.
• Select Zinka Logistics from the provided alternate options.
• Enter your Initial Public Offering Application Number.
• Click on Submit.
• The allocation situation will definitely present up on the show.

On BSE Website

• Visit the BSE web site.
• Navigate to the Investors space.
• Under the Investor Services dropdown, select Status of Issue Application.
• Click on Application Status Check.
• Choose Equity as the issue variety.
• Enter the wanted data, consisting of the Issue Name (Zinka Logistics), and your frying pan.
• Click Search to observe the allocation situation.

Zinka Logistics Initial Public Offering Details

According to NSE data, the Initial Public Offering obtained quotes for 4,19,40,018 shares versus 2,25,67,270 shares accessible.

-Qualified Institutional Buyers (QIBs): Subscribed 2.76 instances

-Retail Individual Investors (RIIs): Subscribed 1.65 instances

-Non-Institutional Investors: Subscribed 24%

Anchor Investors Mobilization

Zinka Logistics elevated over Rs 501 crore from help capitalists prematurely of the Initial Public Offering.

Zinka Logistics Initial Public Offering Price Band

The Rs 1,115-crore Initial Public Offering was supplied in a fee sequence of Rs 259-273 per share. It consisted of:

• Fresh Issue: Shares effectively price Rs 550 crore
• Offer- for-Sale (OFS): Up to 2.06 crore shares, valued at Rs 565 crore on the prime fee band

Utilisation of Funds

Proceeds from the recent drawback are alloted as adheres to:

• Rs 200 crore accessible and promoting efforts
• Rs 140 crore for monetary investments in Blackbuck Finserve
• Rs 75 crore for merchandise development prices
• Remaining funds for primary enterprise targets

Company Overview

Zinka Logistics Solutions intends to replace India’s trucking sector by making it attainable for automobile drivers through digital gadgets to spice up efficiency and revenues.

Its entrance runner BlackBuck utility provides treatments for:

• Payments
• Telematics
• Load administration
• Vehicle Financing

The agency works along with FASTag monetary establishments and oil promoting companies (OMCs) to supply clean tolling and sustaining treatments, gaining compensation margins from deal worths.

Key Stakeholders within the Initial Public Offering

The Initial Public Offering was dealt with by main book-running lead supervisors:

• Axis Capital
• Morgan Stanley India Company
• JM Financial
• IIFL Capital Services

Disclaimer: The sights and monetary funding strategies by specialists on this News 18. com file are their very personal and never these of the positioning or its administration. Readers are recommended to get in contact with certified specialists prior to creating any kind of economic funding decisions.

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