Zinka Logistics IPO GMP, Open Date, Price Band, Allotment Status

Zinka Logistics IPO GMP quotation is around Rs 103 per share. The lower and upper price band is Rs 259 TO Rs 273 per share. The grey market premium quotation indicates huge interest of retail investors. After the release of the IPO issue date final GMP quote will be available.

Zinka Logistics IPO open date is on 13 November to 18 November 2024.  This new IPO is a book-built issue of Rs 1,114.72 crores.This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 550 crore and OFS is of Rs 564.72 crore.

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Zinka Logistics IPO GMP

Zinka Logistics IPO GMP quotation is around Rs 103 per share. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Zinka Logistics IPO GMP might rise in the coming days.

Zinka Logistics IPO Price Band

Zinka Logistics IPO price band is Rs 259 to Rs 273 per share. The minimum amount of investment for the retail category is to be around Rs 14,742 and for small NII minimum investment is to be around Rs 2,06,388. The minimum investment for the Big NII is to be around Rs 10,02,456.

Zinka Logistics IPO Open Date, Close Date 

Zinka Logistics IPO open date and close date is finally released. This IPO will be opening on Wednesday, 13 November 2024 and will close on Monday, 18 November 2024.

Zinka Logistics IPO Allotment Status

Zinka Logistics IPO allotment status will be finalised on Tuesday, 19 November 2024. The listing will be on the BSE and NSE platforms on Thursday 21 November, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

Zinka Logistics IPO Listing Date

Zinka Logistics IPO's listing date will be on Thursday, 21 November 2024. The Listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

Zinka Logistics IPO: Listing Date, Lot Size, Price Band

Zinka Logistics IPO  Limited: About the Company

Zinka Logistics Limited is redefining the Indian transportation sector by providing truck owners with digital tools to better manage their companies and boost their profits.

Zinka Logistics cutting-edge BlackBuck app functions as a full platform, including options for financing for vehicles, load management, telemetry, and payments.

Zinka Logistics' average monthly transacting truck operators increased, which in turn increased its commission income, subscription fees, and service fees.

The company’s revenue increased by 62.24% and PAT rose by 33.24% between the FY ending on 31 March 2024 and 31 March 2023.

Zinka Logistics IPO Objectives

Zinka Logistics IPO objective is to raise funds from the general public. The funds will be used in the investment in the subsidiary and allocated for funding toward sales and marketing costs. Also to fund the expenditure in the product development.  The remaining funds will be used for meeting the working capital requirements.

Zinka Logistics IPO: Key Dates, Allotment, Listing Date 

Zinka Logistics IPO Subscription Details, IPO Reservation

Zinka Logistics IPO subscription details will be available after the IPO opens on 13 November 2024. In the QIB category 75% of the net offer is reserved. The remaining 10% is reserved for the retail investors and 15% is for Non-Institutional investors.

Zinka Logistics IPO Lot Size Details 

Zinka Logistics IPO IPO lot size is set at 54 shares per lot. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,742 and the maximum is 13 lots, amounting to be around Rs 1,91,646. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,06,388.

Zinka Logistics IPO Promoter Holdings

Zinka Logistics IPO promoters are Rajesh Kumar Naidu Yabaji, Chanakya Hridaya and Ramasubramanian Balasubramaniam. The promoters' shareholdings before the IPO were 32.91%; however, after the IPO, shareholdings will decline to 27.84%.

Zinka Logistics Limited Company Financials

Zinka Logistics Limited posted revenue of Rs 98.33 crore and net profit of Rs 32.38 crore for the period ending on 30 Jun 2024. The company’s revenue increased by 62.24% and PAT rise by 33.24% between the FY ending on 31 March 2024 and 31 March 2023.

Zinka Logistics IPO Registrar

Zinka Logistics IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Zinka Logistics IPO Lead Managers

Zinka Logistics IPO lead managers are Axis Capital Limited, Morgan Stanley India Company Private Limited, JM Financial Limited and Iifl Securities Limited.

How to apply to Zinka Logistics IPO 

Interested investors can apply to the Zinka Logistics IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Zinka Logistics IPO Review 

Zinka Logistics IPO may get a positive response from the general public. The company is involved in the Logistics business. So, investors interested in the Logistics sector can apply to this IPO. This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Zinka Logistics IPO GMP will also rise.

Zinka Logistics IPO FAQ

1. What are the details of the Zinka Logistics IPO?

Zinka Logistics IPO is a book-built issue of Rs 1,114.72 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 550 crore and OFS is of Rs 564.72 crore.

2. When will the Zinka Logistics IPO open and close?

Zinka Logistics IPO open date and close date is finally released. This IPO will be opening on Wednesday, 13 November 2024 and will close on Monday, 18 November 2024. Zinka Logistics IPO allotment status will be finalised on Tuesday, 19 November 2024.

3. What is Zinka Logistics IPO GMP?

Zinka Logistics IPO GMP quotation is around Rs 103 per share. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed, then Zinka Logistics IPO GMP might rise in the coming days.

4. What are the details of Zinka Logistics IPO reservation? 

Zinka Logistics IPO subscription details will be available after the IPO opens on 13 November 2024. In the QIB category, 75% of the net offer is reserved. The remaining 10% is reserved for retail investors, and 15% is for Net Institutional investors.

5. Write the details of the IPO Allotment Status?

Zinka Logistics IPO allotment status will be finalised on Tuesday, 19 November 2024. The listing will be on the BSE and NSE platforms on Thursday 21 November, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Zinka Logistics IPO?

Zinka Logistics IPO's registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. The lead managers are Axis Capital Limited, Morgan Stanley India Company Private Limited, JM Financial Limited, and Iifl Securities Limited.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners