BlackBuck shares set for market debut on Nov 22; check GMP, other key details

BlackBuck shares set for market debut on Nov 22

Zinka Logistics Solutions Ltd shares will be listed on the exchanges on Friday, November 22 after the issue was subscribed 1.86 times.

The company's BlackBuck app serves as a comprehensive platform, providing solutions for payments, telematics, load management and vehicle financing.

The listing ceremony of the company is scheduled to take place between 8.45 am to 10.45 am at the NSE, Mumbai on Friday, 22nd November 2024.

The Rs 1,115-crore IPO (Initial Public Offering) had a price range of Rs 259-273 apiece.

According to platforms that track the grey market premium activities, the shares of Zinka Logistics are commanding a flat GMP in the unofficial market.

At the upper price band of Rs 273, early investors stand to see gains of up to 5x, based on their acquisition costs shown in the company’s red herring prospectus (RHP).

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 partners with FASTag banks and multiple oil marketing companies (OMCs) to offer efficient and secure tolling and fueling solutions, generating revenue through commission margins based on transaction values.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.