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Zinka Logistics IPO Listing Share Price Live Updates: Zinka Logistics Solution, which provides truck operators with an operating platform called BlackBuck, is all set to hit the bourses on November 21. The IPO opened on November 13 and raised Rs 1,114.72 crore. It was closed on November 18. It was subscribed 1.87 times. The issue combined the sale of fresh shares with an offer for sale.
The allotment of shares was finalised on November 19. The IPO price band ranged between Rs 259 t- 273 per equity share. Axis Capital, Morgan Stanley India Company, JM Financial, and IIFL Securities were the book-running lead managers of the IPO
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The IPO was subscribed to a total of 1.87 times. The employee category saw an overwhelming response as it got booked almost 10 times. The retail investors booked the issue 1.7 times while the NIIs subscribed to it 0.24 times. The QIB section was booked 2.72 times.
09:00 (IST) 21 Nov 2024 Zinka Logistics IPO Listing Share Price Live Updates: Anand Rathi Research on BlackBuck
“In terms of the financial aspect, from being a loss-making entity, the company turned profitable in Q1FY25. At the upper price band, the company is valuing at Mcap/Sales of 16.2x on an FY24 basis with a market cap of Rs 4,817.8 crore post-issue of equity shares. On the valuation front, we believe that the company is fairly priced. Therefore, we recommend a “Subscribe- Long term” rating to the IPO,” said Anand Rathi Research in an IPO note.
08:49 (IST) 21 Nov 2024 Zinka Logistics IPO Listing Share Price Live Updates: GMP update
Shares of Zinka Logistics Solution were neither fetching a premium nor a discount in the grey market.
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