Zinka Logistics Options IPO: Zinka Logistics Options, which operates the BlackBuck app – a digital platform designed for truck operators – is about to make its inventory market debut at the moment. Zinka Logistics Options IPO itemizing date is at the moment.
The preliminary public providing (IPO) of Zinka Logistics Options Ltd was open for subscription from November 13 to 18 and the IPO allotment was fastened on November 20. Zinka Logistics Options IPO itemizing date has been fastened for November 22, Friday.
“Buying and selling Members of the Change are hereby knowledgeable that efficient from Friday, November 22, 2024, the fairness shares of ZINKA LOGISTICS SOLUTIONS LIMITED shall be listed and admitted to dealings on the Change within the listing of ‘B’ Group of Securities,” a discover on BSE mentioned.
Zinka Logistics Options shares will likely be part of Particular Pre-open Session (SPOS) on Friday, November 22, and will likely be out there for buying and selling from 10:00 am.
Forward of Zinka Logistics Options share itemizing at the moment, traders take a look at the traits within the gray market premium (GMP) for the inventory with a view to gauge the itemizing value. Allow us to verify what Zinka Logistics Options IPO GMP at the moment signifies in regards to the share itemizing value.
Zinka Logistics Options IPO GMP Right now
Zinka Logistics Options shares are displaying a muted development within the unlisted market with a subdued gray market premium (GMP) at the moment. In response to inventory market observers, Zinka Logistics Options IPO GMP at the moment is ₹0 per share. This means that within the gray market, Zinka Logistics Options shares are buying and selling at par with their IPO value at ₹273 apiece, which implies with none premium or low cost to the problem value.
Zinka Logistics Answer Share Worth
Contemplating the Zinka Logistics Options IPO GMP at the moment, the estimated itemizing value of Zinka Logistics Options shares can be ₹273 per share, which is the same as the problem value of ₹273 per share.
“The muted opening might seemingly be attributed to the weak market sentiments and the corporate’s excessive valuation concern. Nonetheless, given the corporate’s sturdy market presence and business tailwinds, it supplies an excellent medium- to long-term alternative. Total, we imagine that members who’ve been allotted the shares maintain it from a medium to long-term horizon, given the corporate’s strong progress potential,” mentioned Sagar Shetty, Analysis Analyst, StoxBox.
Shivani Nyati, Head of Wealth at Swastika Investmart Ltd additionally famous that Zinka Logistics Options IPO GMP of 0% signifies a possible for a flat and even adverse itemizing.
“The corporate’s sturdy community results and place as a number one platform within the logistics business are constructive elements. Nonetheless, monetary challenges, together with ongoing losses and adverse money movement, elevate issues. Moreover, the corporate’s authorized challenges and up to date worker layoffs point out operational difficulties. The low promoter holding additional provides to investor skepticism,” Nyati mentioned.
Given the corporate’s monetary efficiency, operational challenges, and the dearth of a transparent valuation metric, traders are suggested to train warning, she added.
Zinka Logistics Options IPO Particulars
Zinka Logistics Options IPO opened for public subscription on Wednesday, November 13, and ended on Monday, November 18. The IPO allotment was finalized on November 20, and Zinka Logistics Options IPO itemizing date is at the moment, November 22. Zinka Logistics Options shares will likely be listed on each the inventory exchanges, BSE and NSE.
The corporate raised ₹1,114.72 crore from the book-built on the IPO value band of ₹259 to ₹273 per share. Zinka Logistics Options IPO comprised a mix of contemporary problem of two.01 crore fairness shares value ₹550 crore and an offer-for-sale (OFS) of two.07 crore shares amounting to ₹564.72 crore.
Zinka Logistics Options IPO obtained 1.86 instances subscription in whole because it attracted bids for over 4.19 crore fairness shares as in opposition to 2.25 crore shares on the provide, as per NSE knowledge.
The corporate plans to utilse the online problem proceeds for funding in direction of gross sales and advertising prices, funding in its NBFC subsidiary, funding of expenditure about product improvement and basic company functions.
Axis Capital, Morgan Stanley India Firm, JM Monetary and IIFL Securities are the e-book operating lead managers of the Zinka Logistics Options IPO, whereas Kfin Applied sciences is the IPO registrar.
Zinka Logistics Options Ltd is India’s largest digital platform for truck operators when it comes to variety of customers, with 963,345 truck operators within the nation transacting on its platform in FY24, which contains 27.52% of India’s truck operators. The corporate’s whole earnings grew at a CAGR of roughly 42.38% from FY22 to FY24.
Disclaimer: The views and proposals made above are these of particular person analysts or broking firms, and never of Mint. We advise traders to verify with licensed consultants earlier than making any funding choices.
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