By Soni 
Zinka Logistics Solutions IPO: Zinka Logistics has announced the price band. The company’s IPO will be open from November 13 to November 18. Anchor investors will be able to bet on this mainboard IPO on November 12.
Zinka Logistics Solutions IPO Price Band:
Jinka Logistic Solutions Limited is going to launch on 13 November. The company has announced the price band today. The price band of this IPO has been fixed at Rs 259-273. Retail investors will have the opportunity to bet on the IPO till 18 November. A lot of 54 shares has been made for the IPO. Let us tell you, anchor investors can bet on Jinka Logistic Solutions Limited on 12 November.
What is the size of IPO?
Jinka Logistics IPO will have a fresh issue of Rs 550 crore. At the same time, the company will issue 20.69 million shares under the offer for sale. Let us tell you, the total size of this IPO is Rs 1114.72 crore.
What does this company do?
This is a digital platform which works in the truck industry. The company was founded in 2015. The company’s focus is on small and medium-sized truck operators. The company has facilities in 628 districts of the country. The company is directly communicating with 9,63,345 truck operators. The company’s market share in this sector is 32.92 percent.
Who gets how much share in the IPO?
At least 75 percent of the IPO will be reserved for qualified institutional buyers. At the same time, not more than 15 percent share will be reserved for non-institutional investors. Talking about retail investors, they will not get more than 10 percent share. The company will give a discount of Rs 25 on one share to the employees. The company has reserved 26,000 shares for the employees. The allotment of shares by the company may be done on November 19.
The listing of this company is proposed on BSE and NSE on November 21. This is a mainboard IPO.
(This is not an investment advice. The stock market is subject to risks. Please seek advice from verified experts before making any investment.)