The allotment of shares for Zinka Logistics Solutions Ltd, following its Rs 1,115-crore initial public offering (IPO), is expected to be finalized today.
The company’s shares are set to list on the BSE and NSE on November 21.
Zinka Logistics’ IPO was oversubscribed 1.86 times by the final day of bidding. The shares were offered within a price range of Rs 259-273 per share, attracting significant investor interest. Despite this, reports indicate a flat grey market premium (GMP) for the company’s shares.
Investors who applied for the IPO can check their allotment status through multiple platforms, including KFin Technologies’ official website, as well as the BSE and NSE websites.
Steps to Check IPO Allotment Status
- On KFin Technologies: Visit the registrar’s portal and select the company from the dropdown menu. Enter your PAN, application number, or DP Client ID, then submit to view the allotment status.
- On the NSE Website: Login to the NSE IPO portal, select “Zinka Logistics” from the options, and provide the required application details to access your status.
- On the BSE Website: Under the “Investor Services” section, choose “Application Status Check,” select “Equity” as the issue type, and input details such as your PAN and issue name to view the results.
Zinka Logistics, widely known for its BlackBuck app, is transforming India’s trucking sector by offering digital solutions for truck operators. The platform integrates tools for payments, telematics, load management, and vehicle financing, empowering operators to efficiently manage their businesses and increase earnings.
The company also collaborates with FASTag providers and oil marketing companies to streamline tolling and fueling. It earns revenue through commission margins on transaction values.
Zinka Logistics Solutions IPO GMP
Zinka Logistics Solutions shares saw a subdued trend in the unlisted market. According to market analysts, the GMP for Zinka Logistics Solutions IPO currently stands at Rs 0, meaning that the shares are trading in the grey market at their issue price, with no premium or discount. Based on the current GMP, the projected listing price of Zinka Logistics Solutions shares is Rs 273 per share.
