Zinka Logistics Solutions’ IPO, worth ₹1,114.72 crore, opened on November 13 with low demand, reaching only 32% subscription by November 14. The grey market premium stands at ₹0, indicating neutral trading.

Retail investors were at the leading position, subscribing 90 percent shares of their reserved portion, followed by qualified institutional buyers and non-institutional investors who bought 26 percent and 4 percent,

The initial public offering (IPO) of Zinka Logistics Solution Limited, launched on November 13, 2024, is currently open for subscription until November 18, 2024. The company, which operates the digital platform for truck operations through its BlackBuck app,

Zinka Logistics Solutions IPO price band has been set at ₹259 to ₹273 per share. The company plans to raise ₹1,114.72 crore from the book-built issue which comprises a fresh issue of 2.01 crore shares worth ₹550 crore and an OFS of 2.

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

The IPO allotment date is likely set for November 19, 2024, with KFin Technologies appointed as the official registrar.

Unlisted shares of Zinka Logistics Solutions Ltd continue to trade at the same price in the grey market, signalling a subdued listing.

Zinka Logistics' IPO, aiming to raise over Rs 1100 crore, received a 24% subscription on its first day, driven by retail investors. The IPO, priced at Rs 259-273 per share, closes on November 18, with listing scheduled for November 21.