The price band of Zinka Logistics Solution IPO is Rs 259-273. The minimum lot size with one application is 54 shares. The minimum investment amount for retail investors is Rs 14,742.
 

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It has been two days since this issue opened, but it has received a lukewarm response from investors. On the first day, this issue was booked 24 percent. The retail category was booked at 52 percent, the NII category at 2 percent, and the QIB category at 25 percent.

Usually, the subscription of an IPO increases on the second day, but the pace of the subscription of Zinka Logistics IPO slowed down on the second day. On the second day, the total subscription of this issue was only 32 percent. The pace in the retail category also slowed down and this category was booked only 92 percent. The QIB category was subscribed only 25 percent and the NII category 4 percent.



November 18 is the last day of subscription and it should be expected that this issue will be fully booked on this day. About 75% of the public offering is reserved for qualified institutional buyers, 10% for retail investors, and the remaining 15% for non-institutional investors.

Zinka Logistics Solution IPO GMP has also come down sharply. It was Rs 24 two days before the issue opened and the next day the GMP became zero rupees. It is possible that this also affected the subscription. However, the gray market price fluctuates rapidly and this is just an indication.

Analysts have advised investors to subscribe to the issue given Blackbuck's strong market position, scalable asset-light model, and high growth potential.

Canara Bank Securities said, "The IPO is recommended as a favorable investment in the logistics tech sector. However, the company should be closely monitored for regulatory changes and competitive pressures that may impact its profitability and market share."

Marwadi Financial Services said, "We give a subscribe rating to this IPO as the company has India's largest digital platform for truck operators and omnichannel distribution network driving sales. Also, it is available at a reasonable valuation compared to its peers."

This is a book-built issue of Rs 1114.72 crore. It is a combination of a fresh issue of 2.01 crore shares worth Rs 555 crore and 2.07 crore offer for sale shares worth Rs 564.72 crore. The promoters of the company are Rajesh Kumar Naidu Yabaji, Chanakya Hriday, and Ramasubramanian Balasubramanian.