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3 min read | Updated on November 19, 2024, 11:19 IST
SUMMARY
Zinka Logistics IPO allotment status: The ₹1,114.72 crore initial share sale of Zinka Logistics Solutions (BlackBuck IPO), with a price range of ₹259-₹273 apiece, consisted of a fresh issue of equity shares valued at ₹550 crore and an offer-for-sale of 2.06 crore shares worth ₹565 crore.
Zinka Logistics Solutions Ltd had mobilised over ₹501 crore from anchor investors.
Zinka Logistics IPO allotment status: The initial share sale of Zinka Logistics Solutions, the company behind the digital trucking solutions platform BlackBuck, was subscribed 1.86 times. As the bidding period has ended, investors are keen to know the share allotment status of Zinka Logistics, which is likely to be finalised on Tuesday, November 19. The status can be checked on the websites of registrar KFin Technologies, the BSE and the NSE.
The initial public offering got bids for 4.19 crore equity shares against 2.25 crore shares on offer.
The ₹1,114.72 crore IPO, with a price band of ₹259-₹273 apiece, consisted of a fresh issue of equity shares valued at ₹550 crore and an offer-for-sale of 2.06 crore shares by promoters and existing investors worth ₹565 crore.
The issue proceeds will be used for sales and marketing initiatives, product development expenditures, investments in its NBFC subsidiary, and general corporate purposes.
After the allotment finalisation, refunds will be initiated for non-allottees on Wednesday. Successful investors will receive shares in their Demat account on the same day.
Shares of Zinka Logistics Solutions will debut on the NSE and the BSE on Thursday, November 21.
Zinka Logistics provides solutions to truck operators to help them handle their businesses and improve their earnings.
The company's BlackBuck app is a one-stop destination for payments, load management, telematics and vehicle financing.
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