Zinka Logistics IPO Day 3: Issue booked 1.86 times on the last day; Check allotment and listing date

Zinka Logistics Solution Limited IPO was subscribed nearly 2 times on the final day of bidding on Monday, November 18, driven by Qualified Institutional Buyers (QIBs).

The logistics solutions provider's mainboard issue, which owns the BlackBuck app for truck booking, was open for subscription from November 13 to November 18.

The mainboard issue received bids for more than 4.19 crore shares against 2.25 crore shares on offer, leading to an overall subscription of 1.86 times.

Investors who have bid for the logistics solutions provider’s shares are waiting for the company to finalise the issue's allotment status. BlackBuck IPO share allotment status is likely to be finalised on Tuesday, November 19.

The BlackBuck IPO share allotment status can be checked on the official website of the registrar, Kfin Technologies Limited, and on the BSE and NSE websites.

• Visit the NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Enter your credentials such as username and password (First-time users are required to create a fresh login ID to proceed)
• Choose ‘Zinka Logistics Solution Limited’ from the drop-down menu
• Enter PAN details
• Enter your IPO application Number
• Click on the ‘I am not a Robot’ checkbox
• Click the ‘Submit’ button

Alternatively, investors can also check the status of the BlackBuck IPO share allotment on the BSE website using their PAN details and IPO application number.

• Visit the IPO allotment status page of the Kfin Technologies website using this link: https://ris.kfintech.com/ipostatus/
• Choose any one server link to check the IPO allotment status
• Select 'Zinka Logistics Solution Limited’ from the drop-down menu for issue names
• Type in your details such as application number, PAN, DP/Client ID and account number/IFSC
• Click on the ‘Submit’ button
• The allotment status of your application will be shown on screen

Zinka Logistics IPO subscription details

The retail portion of the mainboard issue was subscribed 1.65 times as investors placed bids for over 69.26 lakh shares against the 41.89 lakh shares set aside for the category.

The Non-Institutional Investors (NIIs) applied for over 14.87 lakh shares against the 62.84 lakh shares set aside for the category, leading to a subscription of 24%. The Qualified Institutional Buyers (QIBs) booked their quota 2.76 times. The QIBs applied for over 3.32 crore shares against 1.2 crore shares reserved for them.

Company employees oversubscribed their quota 9.86 times as they applied for 2,56,392 shares compared to the 26,000 shares set aside for them.

Zinka Logistics IPO listing date

Subsequent to finalising the share allotment status, the company will initiate refunds for the unsuccessful bidders on Wednesday, November 20. Successful bidders will also receive shares of Zinka Logistics Solution Limited in their Demat accounts on Wednesday.

Shares of Zinka Logistics Solution will be listed on the NSE and BSE. The logistics company’s shares are likely to make their debut on Thursday, November 21.

Zinka Logistics Solution IPO details

BlackBuck IPO, worth ₹1,114.72 crore, consists of a fresh issue of 2.01 crore shares amounting to ₹550 crore and an offer-for-sale (OFS) of 2.07 crore shares aggregating ₹564.72 crore.

The IPO price band was set at ₹259 to ₹273 per share. The minimum application size for retail investors was a single lot of 54 shares, aggregating to an investment of ₹14,742.

About Zinka Logistics Solution Limited

Zinka Logistics Solution Limited was founded in 2015. Through its BlackBuck app, the company offers a digital platform for truck operators, including services related to payments, telematics, vehicle financing, and a freight marketplace.