Zinka Logistics Solutions IPO
Zinka Logistics Solutions Limited (BLACKBUCK) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 22 November 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -0.3% (likely range -9% to +1%), day's high +7.5%, chance of a gain 33%. Actual: +2.9% at the open, +4.7% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,20,66,813 | 3,32,68,698 | 2.76x | |
| NII (HNI) total | 62,84,674 | 14,90,292 | 0.24x | |
| Big NII (above ₹10 lakh) | 41,89,783 | 7,40,826 | 0.18x | |
| Small NII (₹2-10 lakh) | 20,94,891 | 7,49,466 | 0.36x | |
| Retail | 41,89,783 | 69,41,808 | 1.66x | |
| Employees | 26,000 | 2,56,878 | 9.88x | |
| Total | 2,25,67,270 | 4,19,57,676 | 1.86x |
Bids on NSE and BSE together, as published by NSE, as of 18 Nov 2024, 07:00 PM. Shares offered exclude the anchor portion. 15% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Zinka Logistics Solutions's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Entero Healthcare SolutionsFeb 2024 | 2.28x | 0.22x | 1.33x | 1.53x | ₹1,618 Cr | -2.3% | 0.0% |
| Yatra OnlineSep 2023 | 2.05x | 0.42x | 2.11x | 1.61x | ₹796 Cr | -10.2% | -2.4% |
| Aster DM HealthcareFeb 2018 | 2.10x | 0.55x | 1.18x | 1.31x | ₹1,010 Cr | -3.7% | -1.1% |
| Khadim IndiaNov 2017 | 2.44x | 0.18x | 2.33x | 1.90x | ₹544 Cr | -2.7% | -1.4% |
| KFin TechnologiesDec 2022 | 4.17x | 0.23x | 1.36x | 2.59x | ₹1,582 Cr | +0.3% | +1.9% |
| Paradeep PhosphatesMay 2022 | 3.01x | 0.82x | 1.37x | 1.75x | ₹1,637 Cr | +4.8% | +12.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| Morgan Stanley India Company | 24 | +13.9% | 67% |
| JM Financial | 109 | +22.8% | 75% |
| IIFL Capital Services | 94 | +19.3% | 71% |
Offer documents (NSE)
Frequently asked
What is the Zinka Logistics Solutions IPO price band and lot size? ₹259–273 per share, with a lot of 54 shares, so the smallest retail bid is ₹14,742.
How many times has it been subscribed? 1.86x overall: QIB 2.76x, NII 0.24x, retail 1.66x, employees 9.88x.
How did it list? It opened at ₹281, +2.9% against the issue price of ₹273, and closed its first day -4.7%.
