Zinka Logistics IPO price band: The Zinka Logistics Solution Limited IPO price band has been fixed in the range of ₹259 to ₹273 per equity share of the face value of ₹1 each. The Zinka Logistics IPO date of subscription is scheduled for Wednesday, November 13, and will close on Monday, November 18. The allocation to anchor investors for the Zinka Logistics IPO is scheduled to take place on Tuesday, November 12.
The floor price and the cap price are 259 times and 273 times the face value of the equity shares respectively. The Zinka Logistics IPO lot size is 54 equity shares and in multiples of 54 equity shares thereafter.
Zinka Logistics IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors. The employees has been reserved up to 26,000 equity shares, and also a discount of ₹25 per equity share is being offered under this segment.
Tentatively, Zinka Logistics IPO basis of allotment of shares will be finalised on Tuesday, November 19, and the company will initiate refunds on Wednesday, November 20, while the shares will be credited to the demat account of allottees on the same day following refund. Zinka Logistics share price is likely to be listed on BSE and NSE on Thursday, November 21.
Zinka Logistics Solution stands as the largest digital platform for truck operators in India, with a user base of 963,345 truck operators engaging on their platform during fiscal 2024, which accounts for 27.52% of the total truck operators in the country, according to the Redseer Report referenced in its Red Herring Prospectus (RHP).
Truck operators utilise the BlackBuck mobile application (the “BlackBuck App”) to meet various business requirements. The BlackBuck App serves as a platform that offers payment solutions, telematics, a marketplace for loads, and vehicle financing services. These offerings aim to empower truck operators digitally and assist them in running their businesses effectively and efficiently. As of March 31, 2024, the company had facilitated a gross transaction value (GTV) of ₹173,961.93 million in payments.
