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Zinka Logistics closed with a decent response from investors, achieving a final subscription of 1.87 times by 18th November 2024. The public issue witnessed varied demand across categories. The employee quote led to the highest subscription, which got subscribed by 9.86 times, followed by the Qualified Institutional Buyers (QIB) category - an impressive 2.72 times subscription. The retail investors' segment achieved 1.70 times subscription. The Non-Institutional Investors (NII) category showed lower interest with 0.24 times subscription, with small NIIs (sNII) at 0.37 times and big NIIs (bNII) at 0.18 times. The Anchor Investors portion was fully subscribed before the public issue, raising Rs 501.33 crore. The offering received a total of 129,071 applications.
The registrar's website allows you to track your application status, and you can view whether you were allotted any shares.
You will see the allotment result indicating if shares were allotted or not.
You can also log into your bank's net banking to verify any related transactions.
The blocked amount gets debited within 24hrs of shares allotment announcement. It usually takes 24 hrs for the shares to get credited in your account. Hence, if your amount is debited and shares alloted are zero, we suggest you to wait for 24 hrs and then re-check the credit of shares. Once the company gets listed on NSE & BSE, the shares are available for trading purposes.
The Zinka Logistics IPO subscription status indicates the level of interest in the IPO across different investor categories. Here is the subscription breakdown:
| Subscription Day 1 (13 November, 2024) | Subscription Day 2 (14 November, 2024) | Subscription Day 3 (18 November, 2024) |
| Total Subscription: 0.24 times | Total Subscription: 0.32 times | Total Subscription: 1.87 times |
| QIBs: 0.25 times | QIBs: 0.25 times | QIBs: 2.72 times |
| Non-institutional investors: 0.02 times | Non-institutional investors: 0.04 times | Non-institutional investors: 0.24 times |
| Retail investors: 0.52 times | Retail investors: 0.92 times | Retail investors: 1.70 times |
| Employees: 3.25 times | Employees: 2.37 times | Employees: 9.86 times |
Shares will be transferred to the Demat accounts of the allotees on 20th November, Wednesday. Refunds for unsuccessful investors will be initiated on the same day. Shares of Zinka Logistics Solutions are likely to be listed on bourses the NSE and BSE on Thursday, November 21 at 10 am. The ₹1,114.72 crore IPO, with a price band of ₹259-₹273 per share, consisted of fresh Issue of Rs 550 crore plus Rs 564.72 crore OFS
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