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Zinka Logistics Stock Launch: According to NSE data, the Stock Launch obtained quotes for 4,19,40,018 shares versus 2,25,67,270 shares out there.
Zinka Logistics Solutions Stock Launch Allotment Date
Zinka Logistics Stock Launch: Zinka Logistics Solutions Ltd, an digital system for automobile drivers, skilled stable price of curiosity all through its going public (Stock Launch), which was subscribed 1.86 occasions on the final day of bidding course of onMonday Investors are at the moment ready to acknowledge the allocation day and membership situation.
Zinka Logistics Stock Launch Listing Date: The fairness shares are arrange for detailing on the BSE and NSE on Thursday, November 21.
Zinka Logistics Stock Launch Allotment Date
With the bidding course of stage at the moment shut, candidates excitedly watch for the Stock Launch allocation, which is predicted to be settled at this time, November 19.
Zinka Logistics Stock Launch Subscription Status
Investors can look at the allocation situation on the primary website of the registrar, KFin Technologies, BSE and NSE websites.
How to Check Zinka Logistics Stock Launch Allotment Status?
On KFin Technologies Website
- Visit the KFin Tech Stock Launch situation net web page.
- Select Zinka Logistics from the dropdown meals choice.
- Enter your FRYING PAN, Application Number, or DP Client ID.
- Click on Submit.
- Your Stock Launch allocation situation will definitely be introduced.
On NSE Website
- Go to the NSE Stock Launch situation net web page.
- Register or go to together with your data.
- Select Zinka Logistics from the supplied alternate options.
- Enter your Stock Launch Application Number.
- Click on Submit.
- The allocation situation will definitely present up on the show.
On BSE Website
- Visit the BSE website.
- Navigate to the Investors space.
- Under the Investor Services dropdown, select Status of Issue Application.
- Click on Application Status Check.
- Choose Equity as the issue sort.
- Enter the wanted data, consisting of the Issue Name (Zinka Logistics), and your frying pan.
- Click Search to observe the allocation situation.
Zinka Logistics Stock Launch Details
According to NSE data, the Stock Launch obtained quotes for 4,19,40,018 shares versus 2,25,67,270 shares out there.
-Qualified Institutional Buyers (QIBs): Subscribed 2.76 occasions
-Retail Individual Investors (RIIs): Subscribed 1.65 occasions
-Non-Institutional Investors: Subscribed 24%
Anchor Investors Mobilization
Zinka Logistics elevated over Rs 501 crore from help capitalists upfront of the Stock Launch.
Zinka Logistics Stock Launch Price Band
The Rs 1,115-crore Stock Launch was offered in a price collection of Rs 259-273 per share. It consisted of:
- Fresh Issue: Shares nicely price Rs 550 crore
- Offer- for-Sale (OFS): Up to 2.06 crore shares, valued at Rs 565 crore on the high price band
Utilisation of Funds
Proceeds from the recent drawback are alloted as adheres to:
- Rs 200 crore out there and promoting efforts
- Rs 140 crore for monetary investments in Blackbuck Finserve
- Rs 75 crore for merchandise development prices
- Remaining funds for primary enterprise targets
Company Overview
Zinka Logistics Solutions intends to replace India’s trucking sector by making it doable for automobile drivers by way of digital gadgets to spice up efficiency and revenues.
Its entrance runner BlackBuck utility provides treatments for:
- Payments
- Telematics
- Load administration
- Vehicle Financing
The agency works along with FASTag monetary establishments and oil promoting corporations (OMCs) to supply easy tolling and sustaining treatments, gaining compensation margins from deal worths.
Key Stakeholders within the Stock Launch
The Stock Launch was dealt with by main book-running lead supervisors:
- Axis Capital
- Morgan Stanley India Company
- JM Financial
- IIFL Capital Services
Disclaimer: The sights and monetary funding solutions by specialists on this News 18. com file are their very personal and never these of the location or its administration. Readers are recommended to get in contact with certified specialists prior to creating any kind of monetary funding decisions.
News service” ipo Zinka Logistics Stock Launch Allotment Date: Check Subscription Status And All Details Here
