Zinka Logistics IPO allotment likely today. Check status, GMP, listing date and other details

The share allotment of Zinka Logistics IPO is likely to be finalised later today. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Firstly, here's how you can know the status on BSE

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check the status of Zinka Logistics IPO allotment through the registrar, which is Kfin Technologies in this case, kindly follow the below steps.

Step 1: Visit the Kfin Technologies website (https://ipostatus.kfintech.com/)

Step 2: Select Zinka Logistics IPO

Step 3: Enter the PAN details and click search to know the status
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Zinka Logistics IPO GMP
The company's shares are expected to get listed on the exchanges on November 21. In the unlisted market, the company's shares are trading with a GMP of Rs 0, which indicates a premium of just 0% over the issue price.

Zinka Logistics IPO subscription

The IPO of Zinka Logistics received decent response from investors with an overall subscription of just nearly 2 times at close.

Other details
Ahead of the issue opening, the company raised Rs 500 crore from anchor investors, where Nomura, Hornbill Orchid India Fund, Steadview Capital Mauritius, TIMF Holdings, Florida Retirement System among others participated.

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

The BlackBuck app, central to Zinka Logistics' offerings, empowers truck operators to manage various aspects of their operations. Through the app, operators can handle payments for tolling and fueling, monitor drivers and fleets using telematics, find loads on the marketplace, and access financing for purchasing used vehicles.

In FY24, the app saw robust engagement, with monthly active truck operators using it for over 16.18 days per month and spending an average of 39.56 minutes daily on the platform.

Zinka Logistics processed a gross transaction value (GTV) of Rs 17,396.19 crore in payments for FY24. The payments platform addresses significant expenses for truck operators, such as tolls and fuel.

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