Zinka Logistics Solutions IPO subscribed 1.85 times

18 Nov 2024 , 04:59 PM

Zinka Logistics Solution Limited’s initial public offering (IPO) began accepting subscriptions on the Indian primary market on November 13, 2024, and will run until November 18, 2024. This implies that investors have a single day to submit applications for the ₹1,114.72 crore public offering.

The Zinka Logistics Solution IPO price range has been set at ₹259 to ₹273 per equity share by the truck operations digital platform that owns the BlackBuck App. Zinka Logistics Solution’s IPO subscription status following two days of bidding indicates that investors’ interest in the book build issue—which consists of a combination of new shares and offers for sale (OFS)—has been mediocre.

The public issues had been subscribed 1.85 times, the retail component 1.64 times, and the NII segment 0.23 times at 4:50 PM on the third day of bidding. The public issue’s QIB section had been subscribed 2.76 times.

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