Zinka Logistics IPO allotment likely today. Check status, GMP, date of listing and other details

The share allotment of Zinka Logistics IPO is likely to be finalized later today. Investors would get shares on a lottery basis and the entire process was overseen by a registrar. On the date of allotment, investors get to know about the number of shares allotted to them against the bid.

They can check the allotment status through BSE or by visiting the Registrar’s website. Here is how you can check the status on BSE or registrar’s website.

First, here is how you can know the status on BSE

Step 1: Visit the BSE website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, it is the company name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check Zinka Logistics IPO allotment status by registrar, which in this case is Kfin Technologies, please follow the steps below.

Step 1: Visit Kfin Technologies website (https://iposatus.kfintech.com/)

Step 2: Select Zinka Logistics IPO

Step 3: Enter the PAN details and click on search to know the status
Avoid IPOs that have closed in the last 6 months: Ajay Srivastava

Zinka Logistics IPO GMP
The company’s shares are expected to be listed on the exchange on November 21. In the unlisted market, the company’s shares traded at Rs. are trading with a GMP of 0, implying a premium of only 0% over the issue price.

Zinka Logistics IPO Subscription

Zinka Logistics’ IPO received decent response from investors and the overall subscription was around 2 times.

Other details
Prior to the launch of the issue, the company raised Rs. 500 crore was raised, in which Nomura, Hornbill Orchid India Fund, Steadview Capital Mauritius, TIMF Holdings, Florida Retirement System etc participated.

Zinka Logistics is dedicated to transforming the trucking industry in India by digitally empowering truck operators to manage their businesses and increase their earnings. The company’s innovative Blackbuck app serves as a comprehensive platform, offering solutions for payments, telematics, load management and vehicle financing.

The Blackbuck app is central to Zinka Logistics’ offering, empowering truck operators to manage various aspects of their operations. Through the app, operators can manage tolling and payments for fuel, monitor drivers and fleets using telematics, search for loads on the marketplace and access financing for the purchase of used vehicles.

In FY24, the app saw strong engagement, with monthly active truck operators using it for more than 16.18 days per month and spending an average of 39.56 minutes per day on the platform.

Zinka Logistics reported a payout for FY24 of Rs. 17,396.19 crore gross transaction value (GTV) was processed. The payment platform addresses significant costs for truck operators such as tolls and fuel.

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