The much-anticipated Zinka Logistics Solutions IPO, also known as BlackBuck, is set to finalize its share allotment today, November 19, 2024. With the bidding period having closed recently, investors are eager to check their allotment status as the company prepares for its expected listing on November 21. This article provides an overview of the IPO details, how to check allotment status online, and the current grey market premium (GMP).
Zinka Logistics Solutions IPO Overview
The IPO of Zinka Logistics Solutions was open for subscription from November 13 to November 18 and has generated considerable interest among investors. The price band for the shares was set between ₹259 and ₹273, and the company raised approximately ₹1,114.72 crore through this offering. The IPO comprised a fresh issue of shares worth ₹550 crore and an offer-for-sale (OFS) of ₹564.72 crore.
Key Dates:
- Allotment Date: November 19, 2024
- Listing Date: November 21, 2024
- Credit of Shares: November 20, 2024
- Refunds for Unsuccessful Bidders: November 20, 2024
Checking Zinka Logistics Solutions IPO Allotment Status
Investors can easily check their allotment status through various platforms. Here’s how:
On BSE:
- Visit the BSE website.
- Select ‘Equity’ in the Issue Type.
- Choose ‘Zinka Logistics Solutions Limited’ from the dropdown menu.
- Enter either your Application Number or PAN.
- Complete the CAPTCHA verification and click on ‘Search’ to view your status.
On Kfin Technologies:
- Go to the Kfin Technologies website.
- Select ‘Zinka Logistics Solutions Limited’ from the dropdown menu.
- Enter your Application Number, Demat Account number, or PAN.
- Fill in the CAPTCHA code and click ‘Submit’ to check your allotment status.
Current Grey Market Premium (GMP)
As of today, Zinka Logistics Solutions shares are trading at a muted grey market premium (GMP) of ₹0, indicating that they are expected to list at par with their issue price of ₹273 per share. This flat GMP suggests a lackluster market sentiment surrounding the IPO, reflecting cautious investor interest.
Subscription Details
The Zinka Logistics Solutions IPO was subscribed 1.86 times, with bids received for 4.19 crore equity shares against an offer of 2.25 crore shares. The breakdown of subscriptions is as follows:
- Retail Investors: Subscribed 1.66 times
- Qualified Institutional Buyers (QIBs): Subscribed 2.76 times
- Non-Institutional Investors (NIIs): Subscribed only 0.24 times
Use of Proceeds
The funds raised through this IPO will be utilized for various purposes including:
- Sales and marketing expenses
- Investment in its NBFC subsidiary
- Product development costs
- General corporate purposes
Conclusion
As Zinka Logistics Solutions prepares for its share allotment today, investors should follow the outlined steps to check their allotment status online. With a flat GMP indicating a cautious market sentiment, potential investors should remain informed about upcoming developments as the company approaches its listing date on November 21. Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Investors are encouraged to conduct their own research or consult with certified financial advisors before making investment decisions.
