A naukri.com initiative
Bloomberg Quint
15h
208
.jpg?w=1200&auto=format%2Ccompress&ogImage=true)
Image Credit: Bloomberg Quint
Zinka Logistics IPO Subscribed 29% So Far On Day Two— Check GMP
- Zinka Logistics Solutions Ltd, parent company of Blackbuck, has been subscribed 29% on its second day of IPO, after being subscribed 24% on the first day.
- Chittorgarh’s unit InvestorGain shows GMP of nil on the opening day, meaning there’s no gain over the IPO price.
- Zinka operates a digital transportation service and it has valued its IPO at Rs. 1,114.7 crore.
- The issue consists of a fresh issue of shares worth Rs 550 crore, and an offer for sale of up to Rs 565 crore.
- Grey market premium (GMP) of Zinka Logistics IPO was nil as of 8:54 a.m, indicating no increase over the IPO Price.
- BlackBuck commercial does a variety of digital logistics services, including vehicle financing, fuel cards, FASTag services.
- Zinka Logistics is the parent of digital trucking services platform Blackbuck, which is backed by Flipkart. The company has around 9.63 lakh customers on its platform.
- Promoters Rajesh Kumar Naidu Yabaji, Ramasubramanian Balasubramaniam and Chanakya Hridaya are selling a combined 44.38 lakh shares.
- Axis Capital Ltd., Morgan Stanley India Co., JM Financial Ltd. and IIFL Securities Ltd. are the book running lead managers.
- IPO has a price range of Rs. 259 to Rs. 273 per share. The total issue size is Rs. 1,114.7 crore.
Read Full Article
12 Likes
For uninterrupted reading, download the app