IPO of the Zinka logistics solution: The initial public offering (IPO) of BlackBuck App brand owner Zinka Logistics Solutions Limited opened today. Initial public offering of the Zinka logistics solution will remain open to bidders until November 18, 2024. This means that the public offering will remain open from Wednesday to Monday next week. The digital platform for truck operators has set Zinka Logistics Solution’s IPO price range at ₹259 to ₹273 per equity share. The book building problem is a mix of new shares and offers for sale (OFS). The digital platform company aims to increase ₹1,114.72 crores from this book building problem, of which ₹550 crore is for issuance of new shares.

Meanwhile, the company’s shares are available on the gray market before the issue opens. According to stock market experts, Zinka Logistics Solution shares are available at a premium of ₹25 on the gray market today.

Zinka Logistics Solution IPO Subscription Status

As of 3:15 p.m. on the first day of the auction, the bookbuilding issue had been subscribed 0.23 times, the retail portion 0.45 times and the NII segment 0.01 times. The QIB portion of the public issue was booked 0.26 times.

1) IPO of the Zinka GMP logistics solution: According to stock market experts, Zinka Logistics Solution shares are available at a premium of ₹25 on the gray market today.

2) IPO price of the Zinka logistics solution: The digital platform for truck operators has set an IPO price range of ₹259 to ₹273 per equity share.

3) Date of IPO of the Zinka logistics solution: The public offering opened today and will remain open until November 18, 2024.

4) Zinka Logistics Solution IPO Size: The company aims to increase ₹1,114.72 crores from this book building number, of which ₹550 crore is for issuance of new shares. The rest, ₹564.72 crore, is earmarked for the OFS route.

5) Zinka logistics solution IPO batch size: Bidders can apply in batches, and one batch includes 54 shares of the company.

6) Zinka Logistics Solution IPO grant date: The probable date of allocation of shares is Tuesday November 19, 2024.

7) Zinka Logistics Solution IPO Registrar: KFin Technologies has been appointed as the official registrar of the book construction issue.

8) Main people responsible for the IPO of the Zinka logistics solution: Axis Capital, Morgan Stanley India, JM Financial and IIFL Securities have been appointed as lead managers for the public issue.

9) Date of IPO of Zinka Logistics Solution: The public issue is offered for listing on the BSE and the NSE. The probable trading date for the shares is Thursday, November 21, 2024.

IPO of the Zinka logistics solution: apply or not?

10) Zinka Logistics Solution IPO Review: Sagar Shetty, Research Analyst at StoxBox, said: “The company is well positioned to capitalize on market growth opportunities with its digital products, which can address challenges and inefficiencies and increase value. for truck operators. On the financial front, the company reported healthy revenue growth at a CAGR of 57.7% between FY22 and FY24, but the company reported losses on the EBITDA/PAT front during the same period. high marketing and sales costs. During the quarter ended June 30, 2024, the company reported positive EBITDA and PAT. The PAT growth was a one-time effect due to an exceptional item caused by the lender’s waiver of Rs. “The company also showed a steady recovery in its operational cash flows,” adding, “Given its strong presence market and sector tailwinds, it offers a medium to long term opportunity. We therefore recommend a SUBSCRIBE rating for the company.

Indsec Securities also assigned a “subscribe” label stating: “At a higher price range of ₹390/sh, the IPO is priced at an EV/sales of 7.8x compared to a listed industry peer of 17.6x on FY24 revenue. 22-24, the company’s revenue grew at a CAGR of 40.4%, compared to Zomato’s 70%. The new profits would help expand the dark store’s network for rapid growth in business and marketing and promotion spending. Management also said the company would continue to spend cash to achieve its goal of achieving large scale coupled with increasing competitive intensity in fast-paced commerce. We give the IPO a “Subscribe Long” rating. »

Additionally, Canara Bank Securities Marwadi Shares and Finance has given the book issue a ‘subscribe’ tag.

Disclaimer: The opinions and recommendations given in this article are those of individual analysts. These do not represent the opinions of Mint. We advise investors to seek advice from certified experts before making any investment decisions.