Zinka Logistics sets IPO price range at Rs 259-273, aims to raise Rs 1,114 cr
Mumbai: Zinka Logistics Solutions Ltd has set a price range of Rs 259-273 per share for its initial public offering, opening for subscription on November 13.
Anchor bidding begins on November 12, with the IPO closing on November 18.
Allotments will be finalized on November 19, with refunds and share credits issued on November 20.
The stock is set to debut on exchanges on November 21.
The IPO includes a fresh issue of Rs 550 crore and an offer for sale (OFS) of up to 20.69 million shares by existing shareholders and promoters.
At the upper price band, the OFS is valued at approximately Rs 564.72 crore, bringing the total issue size to around Rs 1,114.72 crore.
Founded in 2015, Zinka Logistics operates India’s largest digital platform for truck operators, aiming to support the fragmented trucking sector by offering digital tools for small and medium-sized operators to streamline operations and boost income.
Zinka's platform provides solutions for digital payments, fleet management, load matching, and vehicle financing, serving 963,345 annual transacting truck operators across 628 districts.
With a 32.92% market share in the tolling segment and a strong omnichannel distribution model, Zinka is a leading player in India’s logistics sector, driving digital transformation across the transportation industry.
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