Markets / IPO / Zinka Logistics Solutions

Zinka Logistics Solutions IPO

Updated 23:11

Mainboard IPO on NSE and BSE · Transport Related Services

Status

Listed

Price band

₹259–273

Lot size

54 shares · ₹14,742

Subscribed

1.86×

How it listed

Issue price

₹273

Listing price (open)

₹280.90 +2.89%

First-day close

₹260.05 -4.74%

Price now

₹557.55 +104.23%

Listing day	22 Nov 2024
Open / high / low / close	₹280.90 / ₹285.90 / ₹255.35 / ₹260.05
Shares traded on NSE	67,37,252
Market value at the listing-day close	₹4,739 cr

Closing prices since listing: 26 Oct ₹545.10, 27 Oct ₹570.10, 28 Oct ₹572.25, 29 Oct ₹566.40, 30 Oct ₹564.00, 2 Nov ₹547.10, 3 Nov ₹536.75, 4 Nov ₹534.85, 5 Nov ₹541.00, 6 Nov ₹557.55.

Zinka Logistics Solutions share price, live chart and technicals →

Key dates

Bidding opens	13 Nov 2024
Bidding closes	18 Nov 2024
Allotment	19 Nov 2024
Refunds and shares in demat	20 Nov 2024
Listing	22 Nov 2024

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Institutions (QIB)	1,20,66,813	53.47%	–
HNI / NII	62,84,674	27.85%	–
HNI, above ₹10 lakh	41,89,783	18.57%	1,141
HNI, ₹2–10 lakh	20,94,891	9.28%	2,771
Retail	41,89,783	18.57%	77,588
Employees	26,000	0.12%	–

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	54	₹14,742
Retail (maximum)	13	702	₹1,91,646
Small HNI (minimum)	14	756	₹2,06,388
Small HNI (maximum)	67	3,618	₹9,87,714
Big HNI (minimum)	68	3,672	₹10,02,456

At ₹273 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance

At least 1 in 2

Retail allotments available

77,588 × one lot

Retail portion subscribed

1.66×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	1,20,66,813	3,32,68,698	2.76×
HNI / NII	62,84,674	14,90,292	0.24×
HNI, above ₹10 lakh	41,89,783	7,40,826	0.18×
HNI, ₹2–10 lakh	20,94,891	7,49,466	0.36×
Retail	41,89,783	69,41,808	1.66×
Employees	26,000	2,56,878	9.88×
Total	2,25,67,270	4,19,57,676	1.86×

NSE and BSE bids together, as of 18 Nov 2024 19:00.

Demand at each price

Top price ₹273	353.87 lakh shares	84.3%
Cut-off final price, whatever it is; mostly retail	63.84 lakh shares	15.2%
Lower prices ₹259–272	2.27 lakh shares	0.5%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	12 Nov 2024
Lock-in ends for the first 50% (30 days)	18 Dec 2024
Lock-in ends for the remaining 50% (90 days)	16 Feb 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹4,975 cr	₹10,161 cr
P/E (last 12 months' profit)	27.5	56.1

Revenue, last 12 months	₹797 cr
Profit, last 12 months	₹181 cr
Return on equity	12.0%
Debt to equity	0.01

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

IPO details

Price band	₹259–273
Final issue price	₹273
Lot size	54 shares
Minimum investment	₹14,742 (1 lot)
Market	NSE mainboard
Issue type	100% Book Building
Face value	Re 1 per Equity Share
Industry	Transport Related Services
Issue size	₹1,114.72 crore (about 4.08 crore shares) · Fresh issue + offer for sale: fresh ₹550.00 cr, offer for sale ₹564.72 cr
ISIN	INE0UIZ01018
Registrar	KFin Technologies Limited Helpline: +91 40 6716 2222, zinka.ipo@kfintech.com
Lead managers	Axis Capital Limited, Morgan Stanley India Company Private Limited, JM Financial Limited and IIFL Capital Services Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 19 Nov 2024. Check it on the registrar's page (KFin Technologies Limited), NSE or BSE with your PAN or application number.

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Zinka Logistics Solutions IPO price band and lot size?

The price band is ₹259–273 per share, and one lot is 54 shares (₹14,742 at the upper price).

When is the Zinka Logistics Solutions IPO allotment date?

Allotment was finalised on 19 Nov 2024, the next working day after bidding closed on 18 Nov 2024.

How many times was the Zinka Logistics Solutions IPO subscribed?

In total 1.86 times, on NSE and BSE together; retail 1.66 times.

What is the Zinka Logistics Solutions IPO listing date?

It listed on 22 Nov 2024 on NSE and BSE.

What is the chance of getting Zinka Logistics Solutions IPO shares?

At least 1 in 2 retail applicants got the minimum lot: 77,588 retail allotments with the retail portion subscribed 1.66 times. Winners are picked by lottery.

When does the Zinka Logistics Solutions anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 18 Dec 2024 and the 90-day lock-in on the rest ends on 16 Feb 2025; they can sell from the next trading day.

What was the Zinka Logistics Solutions listing gain?

It opened at ₹280.90 against an issue price of ₹273, a gain of 2.89%. It is now up 104.23% from the issue price.