IPO calendar: 3 new IPOs next week, Swiggy listings will be buzzing in the primary market

As we enter November, the primary market continues to shine with 3 new IPOs opening next week. Zinka Logistics’ public offering will be launched in the mainstream segment, while the other 2 issues are in the SME segment.

Apart from the new offering, the Street will also see three listings, including Swiggy, whose marquee IPO was oversubscribed 3 times.

Here’s what’s on the IPO table next week:

Bengaluru-based Zinka Logistics Solutions, the country’s leading platform for truck operators, raised its IPO at Rs. 259-273, which will open for subscription on November 13.

In this offer, shareholders selling up to 2,06,85,800 shares of the company for Rs. 550 crore worth of shares including fresh issue and offer for sale (OFS), valued at Rs. 564.72 crore is in the upper limit. Price band.

At the upper limit, the total size of the IPO is Rs. 1,114.72 crores.

The issue will open to anchor investors on November 12, a day before opening to retail investors, and will remain available till November 18. A minimum of 54 shares and multiples thereof of 54 can be bid.

Under the OFS component, Rajesh Kumar Naidu Yabaji, Chanakya Hriday, Ramasubramaniam Balasubramaniam, Accel India IV (Mauritius), Quickroots International, International Finance Corporation, Internet Fund III Pte, Sands Capital Private Growth II, Peak XV Partners Investments (SVI) VI) and VEF AB (publ) will divest its stake in the company.

Not less than 75% of the total issue is reserved for qualified institutional buyers (QIBs), not more than 15% for non-institutional investors (NIIs) and up to 10% of the issue for retail investors. As many as 26,000 equity shares have been reserved for employees.

The proceeds from its fresh issues will be used to fund sales and marketing expenses, invest in Blackbuck Finserv to increase its capital base to meet its future capital requirements and for product development and general corporate purposes.

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.

SME segment

In the SME segment, Mangal Compusolution’s IPO will open on November 12 and Onyx Biotec will launch on November 13. While Mars Rs. 16 crore, while the Onyx IPO raised around Rs. 29 crores will earn.