There is going to be a lot of activity in the primary market next week as well. People interested in investing in IPO will get another opportunity next week. The IPO of Zinka Logistics, a digital platform for truck operators, will be open for subscription from 13 to 18 November. The company is raising ₹1,115 crore through this IPO. The company's shares will be listed on both stock exchanges i.e. NSE and BSE.

The price band for this IPO has been fixed at ₹259 - ₹273 per share, which will have one lot of 54 equity shares. On Sunday, Zinka Logistics was trading at a premium of ₹24 per share in the grey market. This is about 9% more than the upper price band fixed for the IPO.

Know the full details of Zinka Logistics IPO
This IPO will have a fresh issue of ₹550 crore and OFS of about 2.06 crore shares. Through OFS, the promoters will sell shares worth ₹565 crore. This IPO will be under the book-building process, in which 75% of the share will be reserved for QIBs and 15% for NII. Retail investors will get a chance to bid for the remaining 10%. The company is also giving a discount of ₹25 per share to its employees. Where will the company use the funds? The company says that out of the amount raised through IPO, ₹200 crore will be spent on sales and marketing. ₹140 crore will be invested in Blackbuck Finserv to meet future capital requirements. ₹75 crore will be used on expenses related to product development. No other company doing similar business to this company is listed in India or other markets. How is the company's performance? This company, which was opened in the year 2015, claims to be the world's largest digital platform for truck operators. This claim is based on the number of users. In the financial year 2024, a total of 9,63,345 truck operators across the country are connected to this platform, which is about 27.52% of the total truck operators in the country. Through this company's digital platform BlackBuck, truck operators can digitally keep an eye on toll, fuel, driver and fleet. The company's gross transaction value (GTV) stood at ₹5,356 crore in the June quarter. For the financial year 2024, this total figure is ₹17,396 crore. In the June quarter, the company's income was ₹92.17 crore and profit was ₹28.67 crore. The book running lead managers for this IPO are Axis Capital, Morgan Stanley India Company, JM Financial and IIFL Securities. Whereas, Kfin Technologies is its registrar.