Zinka Logistics Solution IPO (BlackBuck IPO) was finally booked on the last day of subscription. By 3 pm, the issue was booked a total of 1.28 times. The retail category was booked 1.49 times and the QIB category was booked 1.75 times, while the NII category was booked only 16 percent.

It is noteworthy that at the end of the second day of the subscription, this issue was booked only 32 percent, but on the third day of the subscription, this issue got a good response from investors.

About 75% of the public offering is reserved for qualified institutional buyers, 10% for retail investors, and the remaining 15% for non-institutional investors.

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 company has fixed the price band of the IPO at Rs 259-273 per share. The minimum lot size with one application is 54 shares.

According to market analysts, Zinka Logistics IPO GMP in the unlisted market is zero rupees. There has been no rise or fall in GMP for the last 6-7 days.

Jinka Logistics Solution Limited, founded in April 2015, offers a digital platform, the BlackBuck app, for truck operators. In FY24, 963,345 truck operators in the country conducted their business through the platform, representing 27.52% of all Indian truck operators.

Share allotment for the IPO will likely be finalized on November 19 and the company is expected to list on the stock exchanges on November 21.