Zinka Logistics' IPO has been subscribed 27% so far, driven by retail investors. Analysts recommend subscribing due to BlackBuck's strong market position and growth potential.

The initial public offering of Zinka Logistics Solutions Ltd., the parent of digital trucking solutions platform Blackbuck, has been subscribed 30% on its second day on Thursday. The offer was booked 24% on its first day of bidding.

According to the stock market experts, Zinka Logistics Solution shares are available at a premium of ₹25 in the grey market today

Zinka Logistics's IPO received 24% subscription on Day 1, with Retail Investors leading the way. The IPO, priced at Rs 259-273, closes on November 18.

Zinka Logistics Solutions IPO will open for subscription for all kind of investors on November 13 and close on November 18.

Zinka Logistics Solutions Ltd's IPO was subscribed 24% on the first day, raising Rs 501 crore from anchor investors. Retail investors showed 50% interest, while QIBs were at 26%. Proceeds will fund sales,

Axis Capital Ltd., Morgan Stanley India Co., JM Financial Ltd. and IIFL Securities Ltd. are the book running lead managers of the BlackBuck IPO, while KFin Technologies Ltd. is the registrar for the issue. Market value at the upper end of price band: Rs 4,818 crore.

Zinka Logistics IPO GMP has also surged ahead of issue opening tomorrow. According to platforms that track the grey market premium activities, the shares of Zinka Logistics are commanding a GMP in the price range of Rs 24-25 in the unofficial market, indicating a premium of 8-9 percent.

The Zinka Logistics initial public offering (IPO) will close on November 18 after opening for subscriptions on November 13.

The Zinka Logistics initial public offering (IPO) subscription period begins on November 13, 2024, and ends on November 18, 2024. On Tuesday, November 19, 2024, the allocation for the Zinka Logistics IPO is anticipated to be finalized.