Zinka Logistics Solutions IPO opens for subscription: Should you subscribe to it?

Zinka Logistics Solutions IPO opens for subscription: Should you subscribe to it?

The IPO of Zinka Logistics includes a fresh shares sale of Rs 550 crore, while shareholders and promoters will offload 2,06,85,800 shares from their stake worth Rs 564.7 crore.

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Zinka Logistics is a digital platform for truck operators, which offers payments, telematics, a load marketplace, and vehicle financing services through its BlackBuck App.Zinka Logistics is a digital platform for truck operators, which offers payments, telematics, a load marketplace, and vehicle financing services through its BlackBuck App.
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Pawan Kumar Nahar
  • Nov 13, 2024,
  • Updated Nov 13, 2024 10:30 AM IST

The initial public offering (IPO) of Zinka Logistics Solutions (Blackbuck) kicked off for bidding on Wednesday, November 13. The company is selling its shares in the range of Rs 259-273 apiece, where investors can bid for a minimum of 54 equity shares and its multiples thereafter. Three-day bidding for the issue closes on Monday, November 18.

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Some key parameters such as Ebitda margin and PAT margin turned positive, and they were at 14.77 per cent and 32.91 per cent for the June quarter of the current year respectively. The P/BV of the company as of June 30, 2024 is 14.6 times, said Adroit Financial Services, recommending a 'subscribe' tag to the IPO as for long-term investment, and considering its valuation.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

The initial public offering (IPO) of Zinka Logistics Solutions (Blackbuck) kicked off for bidding on Wednesday, November 13. The company is selling its shares in the range of Rs 259-273 apiece, where investors can bid for a minimum of 54 equity shares and its multiples thereafter. Three-day bidding for the issue closes on Monday, November 18.

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Related Articles

Some key parameters such as Ebitda margin and PAT margin turned positive, and they were at 14.77 per cent and 32.91 per cent for the June quarter of the current year respectively. The P/BV of the company as of June 30, 2024 is 14.6 times, said Adroit Financial Services, recommending a 'subscribe' tag to the IPO as for long-term investment, and considering its valuation.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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