Zinka Logistics IPO subscription starts on 13 November 2024 and will close on 18 November 2024. Zinka Logistics plans to raise around INR 1,114.72 crores via the IPO. The price band is fixed at INR 259 – 273 per share. Zinka Logistics IPO market lot has 54 shares, and the minimum application amount is INR 14,742. The retail quota is 10%, QIB is 75%, and NII is 15%.
Check Zinka Logistics IPO Subscription Status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Zinka Logistics IPO Subscription Status segregated by days and investor categories.
Zinka Logistics IPO Subscription Status – Live Updates
| Category | QIB | NII | Retail | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered | 1,20,66,813 | 62,84,674 | 41,89,783 | 26,000 | 2,25,67,270 |
| 18 Nov 2024 | 2.76 | 0.23 | 1.64 | 9.83 | 1.86 |
| 14 Nov 2024 | 0.26 | 0.04 | 0.90 | 5.33 | 0.32 |
| 13 Nov 2024 | 0.26 | 0.02 | 0.51 | 3.24 | 0.24 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Zinka Logistics – Business Background
Zinka Logistics Solutions, commonly known for its digital platform BlackBuck, is a prominent player in India’s logistics sector, specifically catering to truck operators. Established in April 2015 and based in Bengaluru, Zinka has rapidly positioned itself as the largest digital platform for truck operators in the country, facilitating transactions for approximately 963,345 users, which accounts for over 27.52% of India’s truck operators as of fiscal year 2024.
The BlackBuck platform offers a comprehensive suite of services including payment solutions for tolls and fuel, telematics for fleet management, a marketplace for load matching, and vehicle financing options. This innovative approach not only enhances operational efficiency for truck operators but also generates revenue through transaction commissions and subscription fees.
Among new-age digital platforms in the trucking sector, Zinka Logistics has the largest physical network across India and as of 31 March 2024, it has sold and serviced products across 628 districts constituting 80% of India’s districts, including in all major transportation hubs and across 75% of the toll plaza network in India. It has a digitally enabled network of 9,395 touchpoints to conduct onboarding and servicing activities as of 31 March 2024.
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Investor Categories in BlackBuck IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of Zinka Logistics IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. If the IPO-bound company does not fulfill this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Zinka Logistics IPO Subscription Status FAQs
When will the Zinka Logistics IPO subscription start?
Zinka Logistics IPO subscription starts on 13 November and ends on 18 November 2024.
How to subscribe to Zinka Logistics IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Zinka Logistics IPO be listed?
Zinka Logistics IPO will be listed on 21 November 2024, at the BSE and NSE stock exchanges.
