Zinka Logistics Solutions' IPO closes with a 34% subscription rate, despite being seen as a favorable investment.

Zinka Logistics Solutions' IPO is closing today with tepid interest from investors, showing a 34% subscription rate. Retail investors and qualified institutional buyers (QIBs) showed the most interest, while non-institutional investors participated minimally. Zinka, the parent company of Flipkart-backed trucking aggregator BlackBuck, aims to raise ₹1,114.72 crores. Despite low subscription rates, the IPO is recommended as a favorable investment due to BlackBuck's market position and growth potential. The company processed a gross transaction value of ₹17,396.19 crore in FY24.

November 18, 2024
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