The much-anticipated IPO allotment for Zinka Logistics Solutions Limited is likely to be finalized today, November 19. With the bidding period closing on November 18, this logistics firm has garnered considerable attention from retail and institutional investors.
The equity shares are expected to be credited to successful bidders’ demat accounts on November 20, with refunds initiated for unsuccessful applicants on the same day. The shares will be listed on both NSE and BSE on November 21.
Key IPO Details
| Details | Information |
|---|---|
| Price Band | ₹259-₹273 per share |
| Funds Raised | ₹1,114.72 crore |
| IPO Subscription | 1.86 times |
| Allotment Date | November 19 |
| Listing Date | November 21 |
Subscription Overview:
- Retail Investors: Subscribed 1.66 times
- Qualified Institutional Buyers (QIBs): Subscribed 2.76 times
- Non-Institutional Investors (NIIs): Subscribed 0.24 times
How to Check Allotment Status
Investors can check their allotment status online through the BSE website or the Kfin Technologies portal.
On BSE Website:
- Visit BSE IPO Allotment Page.
- Select ‘Equity’ under the Issue Type dropdown.
- Choose ‘Zinka Logistics Solutions Limited’ under the Issue Name dropdown.
- Enter your Application Number or PAN.
- Verify by clicking ‘I am not a robot’ and click ‘Search’.
On Kfin Technologies Portal:
- Visit Kfin IPO Status.
- Select ‘Zinka Logistics Solutions Limited’ in the dropdown.
- Enter your details (Application No., Demat Account, or PAN).
- Complete the Captcha verification and click Submit.
Grey Market Premium (GMP) Status
As of today, the GMP for Zinka Logistics Solutions is ₹0, indicating that shares are trading at par with their issue price of ₹273 in the unlisted market. The muted GMP reflects cautious market sentiment, and the estimated listing price is ₹273 per share.
Proceeds and Objectives
The ₹1,114.72 crore raised from the IPO will be utilized for:
- Sales and Marketing Costs
- Investment in NBFC Subsidiary
- Product Development
- General Corporate Purposes
Conclusion
While Zinka Logistics Solutions IPO has seen a decent subscription, its muted GMP highlights mixed investor sentiment. The listing performance on November 21 will depend on market conditions and investor expectations. Stay tuned for updates on allotment status and post-listing analysis.
Disclaimer: This article is for informational purposes only. Investors are advised to consult financial advisors or conduct their own research before investing.
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