Zinka Logistics IPO Listing Date: What you need to know before shares of BlackBuck operator hit NSE, BSE

WhatsApp Image 2024-06-20 at 9.58.49 AM.jpeg

2 min read | Updated on November 21, 2024, 13:38 IST

SUMMARY

Zinka Logistics IPO Listing Date: Shares of Zinka Logistics will start trading on the NSE and the BSE on Friday, November 22, at 10 a.m.

Zinka Logistics operates BlackBuck app and offers payments, telematics, a loads marketplace, and vehicle financing services to truck operators.

Zinka Logistics IPO Listing Date: Shares of Zinka Logistics, which operates the BlackBuck platform for truck operators, will make a stock market debut on Friday, November 22. The issue, with an overall subscription of 1.86 times, had set a price range of ₹259-₹273 per share. The Zinka Logistics IPO allotment status has been finalised. As the listing is just a day away, here are key details you should know

Zinka Logistics IPO: Subscription

According to the cumulative data on the NSE website, the IPO was subscribed 1.86 times, with bids for 4.19 crore shares against 2.25 shares on offer.

From the investor's category, the retail investors quota mopped up 1.65 times the subscription, while the qualified institutional buyers (QIBs) portion fetched 2.76 times the subscription. The part set aside for non-institutional investors received a 24% subscription.

Zinka Logistics IPO: Objective

The company intends to raise ₹1,115 crore from the issuance of new shares to the tune of ₹550 crore and an offer-of-sale worth ₹565 crore. The company will use money raised for the following purposes;

To fund sales and marketing costs
To fund product development expenditure
To invest in its NBFC subsidiary
General corporate purposes

Zinka Logistics IPO: Listing date and time

Shares of Zinka Logistics will start trading on the BSE and the NSE on Friday, November 22, at 10 a.m.

Zinka Logistics IPO: Financials

In the financial year 2023-24 (FY24), the company posted a revenue of ₹175 crore, compared to ₹119 crore in the previous fiscal year. The firm reported a profit after tax of ₹290 crore in FY24, against ₹284 crore post-tax profit in FY23.

In the first quarter of FY25, Zinka Logistics' net profit and revenue stood at ₹193 crore and ₹296 crore, respectively.

Zinka Logistics provides digital solutions to truck operators, helping them manage their businesses and improve their earnings. The firm's BlackBuck app is a comprehensive platform that offers solutions for payments, load management, and vehicle financing.

To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.

About The Author

Kamal Joshi is a business journalist who covers industries, markets and IPOs. He is passionate about breaking news and enjoys playing tennis, where he loves flexing his backhand.

Upstox Securities Pvt. Ltd.: SEBI Registration No. INZ000315837 | NSE TM Code: 13942 | BSE TM Code: 6155 | CDSL Reg No.: IN-DP-761-2024 | CIN: U65100DL2021PTC376860 | Compliance Officer: Mr. Kapil Jaikalyani. Tel No.: (022) 24229920. Email ID: compliance@upstox.com | Registered Address: 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi - 110001 | RKSV Commodities India Pvt. Ltd.: SEBI Registration No.: INZ000015837 | MCX TM Code: 46510 | CIN: U74900DL2009PTC189166 | Compliance Officer: Mr. Amit Lalan. Tel No.: (022) 24229920. Email ID: compliance@rksv.in | Registered Address: 807, New Delhi House, Barakhamba Road, Connaught Place, New Delhi - 110001. Correspondence Address: 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (West), Mumbai - 400013. | For any complaints, email at complaints@upstox.com and complaints.mcx@upstox.com.

Procedure to file a complaint on SEBI SCORES: Register on the SCORES portal. Mandatory details for filing complaints on SCORES include: Name, PAN, Address, Mobile Number, and E-mail ID. Benefits include effective communication and speedy redressal of grievances. Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI, along with our Terms of Use and Privacy Policy.

Upstox Securities Private Limited is a wholly owned subsidiary of RKSV Securities India Private Limited and RKSV Commodities India Private Limited is an associate of RKSV Securities India Private Limited.

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.
*Brokerage will not exceed the SEBI prescribed limit.

Risk disclosures on derivatives -

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to ₹ 50,000
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Mutual Funds: Top rated funds do not constitute any advice. Research data is powered by Morningstar. Please read the offer documents carefully before investing. Upstox shall not accept any liability arising out of your investments.
These are not Exchange traded products, and the Member is just acting as distributor. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism.

Attention Investors: As per NSE circular dated July 6, 2022, BSE circular dated July 6, 2022, MCX circular dated July 11, 2022 investors are cautioned to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc. Investors are further cautioned to avoid practices like:
a) Sharing i) trading credentials – login id & passwords including OTP’s., ii) trading strategies, iii) position details.
b) Trading in leveraged products /derivatives like Options without proper understanding, which could lead to losses.
c) Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks
d) Dealing in unsolicited tips through like Whatsapp, Telegram, Instagram, YouTube, Facebook, SMS, calls, etc.
e) Trading / Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.

Kindly, read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client’s assets : Advisory Guidelines For Investors

Kindly, read the advisory as prescribed by the Exchange with reference to their circular dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022: KYC Updation

Attention Investors: Prevent unauthorised transactions in your Demat account by updating your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your Demat account directly from CDSL on the same day. Prevent unauthorised transactions in your Trading account by updating your mobile numbers/email addresses with your stock brokers. Receive information on your transactions directly from the Exchange on your mobile/email at the end of the day. Issued in the interest of investors. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI-registered intermediary (broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary. As a business, we don’t give stock tips and have not authorised anyone to trade on behalf of others. If you find anyone claiming to be part of Upstox or RKSV and offering such services, please send us an email at complaints@upstox.com and complaints.mcx@upstox.com.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account. Stockbrokers can accept securities as margin from their clients only by way of a pledge in the depository system w.e.f. 1st September 2020.
Update your email ID and mobile number with your stockbroker/depository participant and receive an OTP directly from the depository on your registered email ID and/or mobile number to create a pledge.
Check your securities/mutual funds/bonds in the Consolidated Account Statement (CAS) issued by NSDL/CDSL every month.

Attention Investors: SEBI has established an Online Dispute Resolution Portal (ODR Portal) for resolving disputes in the Indian Securities Market. This circular streamlines the existing dispute resolution mechanism, offering online conciliation and arbitration, benefiting investors and listed companies. https://www.sebi.gov.in/legal/circulars/jul-2023/online-resolution-of-disputes-in-the-indian-securities-market_74794.html ODR portal for Investors - https://smartodr.in/login

Zinka Logistics IPO Listing Date: What you need to know before shares of BlackBuck operator hit NSE, BSE

Zinka Logistics IPO: Subscription

Zinka Logistics IPO: Objective

Zinka Logistics IPO: Listing date and time

Zinka Logistics IPO: Financials

Market Wrap, December 20: SENSEX, NIFTY50 nosedive again; both indices tumble around 5% this week

Mamata Machinery IPO subscribed over 34 times on Day 2, retail investors, NIIs lead; check key dates

International Gemmological Institute shares settle 7.4% lower after listing at 22% premium

KPI Green Energy, Sagility India and SPML Infra are among key stocks to hit the circuit today

Trade setup: Bearish weekly close for NIFTY?

Trade setup: Will NIFTY hold THIS crucial support zone?