Zinka Logistics listing live update: Shares trade 6.5% lower post listing at ₹262 per share

3 min read | Updated on November 22, 2024, 14:59 IST

SUMMARY

Shares of Zinka Logistics list at 2.89% premium on the NSE at ₹280 apiece against the issue price of ₹273 per share. The ₹1,114 crore issue was oversubscribed 1.86x, with bids for 4.19 lakh shares against 2.25 lakh shares at the offer.

ट्रक ऑपरेटर्स के लिए भारत में सबसे बड़ा डिजिटल प्लेटफॉर्म देती है कंपनी

Zinca Logistics is combination of fresh issue and offer for sale worth ₹1,114 crore

Zinka Logistics listing live update 2:55 pm: share price update

Current price: ₹260.4 (-7.7%)

Issue price: ₹273

Open: ₹280.9

High: ₹285.9

Low: ₹255.35

Zinka Logistics listing live update 11:10 am: share price update

Current price: ₹262.3 (-6.6%)

Issue price: ₹273

Open: ₹280.9

High: ₹285.9

Low: ₹260.2

Zinka Logistics listing live update 10:25 am: share price update Shares of Zinka Logistics fall 6.5% at 10:25 am amid some profit booking post listing. Shares trade lower at ₹262.6 per share apiece after hitting new low of ₹261.4 per share.

Zinka Logistics listing live update 10:13 am: share price update Shares of Zinka Logistics trade flat-to-negative at ₹279.3 apiece at 10:13 am after touching all time high of ₹284 per share post listing.

Zinka Logistics listing live update 10:00 am: share price update

Current price: ₹281 (+0.05%)

Issue price: ₹273

Open: ₹280.9

High: ₹284.7

Low: ₹271

Zinka Logistics listing live update 9:50 am: Listing update Zinka Logistics to list at premium of 3% on the NSE. The pre-open price indicates listing at ₹280.9 apiece on the NSE against the issue price of ₹273 apiece.

Zinka Logistics listing live update 9:40 am: Risks and threats

The company and its subsidiary has experienced losses and witnessed negative operating cash flows consistently in the last three fiscals.
It depends on OMC partners, FASTag bank partners, and financial partners for its business offerings, and the loss of any such partners might result in a loss of business and revenue.
It faces competitive pressure in its NBFC business from Shriram Finance, ICICI Bank, IDFC First Bank, Axis Bank, HDFC Bank, State Bank of India, and Kotak Mahindra Bank, among others.

Zinka Logistics listing live update 9:29 am: Strength and opportunities

India’s largest digital platform for truck operators, having facilitated over 413.34 million transactions for 963,345 annual transacting truck operators in FY24.
As of 30 June 2024, the omnichannel distribution and sales network includes an 843-member telesales unit and 587 channel partners.
Scalable and reliable in-house technology with multiple layers for app and business, partner integration, and platform and big data.

Zinka Logistics listing live update 9:10 am: Financial snapshot

Zinka Logistics listing live update 8:50 am: Objective of the IPO Zinka Logistics Solutions intends to utilise its net proceeds to fund sales and marketing costs, invest in its NBFC subsidiary, fund product development expenditure, and for general corporate purposes.

Zinka Logistics listing live update 8:20 am: About the company

Incorporated in 2015, Zinka Logistics Solutions Limited is India’s largest digital platform for truck operators as of FY24. It comprises 27.52% of India’s truck operators, with over 9.63 lakh truck operators in the country transacting on its platform.

It operates the BlackBuck app and offers payments, telematics, a loads marketplace, and vehicle financing services to truck operators. It provides tolling solutions in partnership with FASTag partner banks and fuelling solutions in partnership with multiple oil marketing companies (OMCs). It also offers real-time visibility into fleet movements, matches truck operators with load shippers, and offers financing solutions to buy used commercial vehicles.

About The Author

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