The initial public offering (IPO) of Zinka Logistics Solution Limited hit the Indian primary market on 13th November 2024 and will remain open until 18th November 2024. The digital platform for truck operations,

Zinka Logistics Solutions IPO will open for subscription for all kind of investors on November 13 and close on November 18.

Zinka Logistics Solutions Ltd's IPO was subscribed 24% on the first day, raising Rs 501 crore from anchor investors. Retail investors showed 50% interest, while QIBs were at 26%. Proceeds will fund sales,

Axis Capital Ltd., Morgan Stanley India Co., JM Financial Ltd. and IIFL Securities Ltd. are the book running lead managers of the BlackBuck IPO, while KFin Technologies Ltd. is the registrar for the issue. Market value at the upper end of price band: Rs 4,818 crore.

Zinka Logistics IPO GMP has also surged ahead of issue opening tomorrow. According to platforms that track the grey market premium activities, the shares of Zinka Logistics are commanding a GMP in the price range of Rs 24-25 in the unofficial market, indicating a premium of 8-9 percent.

The Zinka Logistics initial public offering (IPO) will close on November 18 after opening for subscriptions on November 13.

The IPO of Zinka Logistics, operator of the BlackBuck platform, has been subscribed 21% on its first day of bidding. As of 1:15 pm, the issue received 46,70,514 bids out of the total 2,25,67,270 available.