Zinka Logistics IPO GMP rises despite weak market ahead of Nov 13 issue opening

Zinka Logistics Solutions Ltd initial public offer (IPO) will open for public subscription on November 13, Wednesday. The company providing digital platform for truck operators has fixed a price band of Rs 259-273 per share for its Rs 1,115 crore initial share sale.

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

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 GMP has slightly improved compared to last week, when the shares of the company were commanding nearly a 3 percent premium till last week.