The eagerly awaited allotment status for the Zinka Logistics Solutions Ltd (Blackbuck) IPO is now available as of November 19, 2024. Investors can finally check their allotment as the basis of allotment has been finalized. This follows the company’s successful Rs 1,115 crore IPO, which concluded its subscription period on November 18, 2024.
Overview of Contents
Zinka Logistics (Blackbuck) IPO Allotment Status
The IPO was oversubscribed 1.86 times, with 4,19,57,676 shares bid against 2,25,66,210 shares on offer.
| Category | Details |
|---|---|
| Subscription Details | |
| QIBs (Qualified Institutional Buyers) | Subscribed 2.76 times |
| Retail Investors | Subscribed 1.16 times |
| NIIs (Non-Institutional Investors) | Subscribed 0.24 times |
| Employee Reservation | Subscribed 9.88 times |
| Price Band | Rs 259-273 per share |
| Lot Size | 54 shares |
| Listing Date | November 21, 2024 on BSE and NSE |
| Issue Composition | |
| Fresh Issue | Rs 550 crore |
| Offer for Sale | 2.16 crore shares |
You can check the allotment status of the Zinka Logistics (Blackbuck) IPO through the following methods
Zinka Logistics (Blackbuck) IPO Allotment Links
| KfinTech: | KfinTech IPO Allotment Page |
| BSE, NSE: | BSE, NSE IPO Allotment Page |
| IPO Watch: | IPO Allotment Status Page |
STEP I: Â How do you check Zinka Logistics (Blackbuck) IPO Allotment Status on KfinTech?
- Visit the KFinTech IPO page.
- Select the IPO name ‘Blackbuck’ from the dropdown menu.
- Choose an identification method: PAN, Application Number, or DP ID.
- Enter the relevant details and click Search.
- View the allotment status on your screen.
STEP II: How do you check Blackbuck IPO Allotment Status on BSE?
- Go to the BSE IPO Allotment page.
- Select Equity as the issue type.
- Choose Blackbuck from the dropdown.
- Enter your Application Number and PAN.
- Click Search to view the allotment status.
STEP III: Through Demat Account
- Contact your broker or log in to your Demat/Trading account.
- Check if the allotted shares are credited to your account.
STEP IV: Via Bank Account
- Log in to the bank account you used for the IPO application.
- Check your transaction history:
- If shares are allotted, the IPO amount will be debited.
- If not, the blocked amount will be released.
Blackbuck’s Journey and Strengths
Founded in 2015, Blackbuck, headquartered in Bengaluru, is India’s leading digital logistics platform connecting truckers and shippers. Its platform helps optimize logistics operations, making it an integral part of India’s supply chain ecosystem.
Strengths of Zinka Logistics Solutions Ltd:
- Strong Financial Growth: Revenue increased by 62% compared to the previous year.
- Robust Management: Experienced promoters and a reputed client base.
- Efficient Operations: The platform supports seamless order creation, fulfillment, and communication.
- Liquidity Position: Maintains adequate liquidity for business sustainability.
Grey Market Premium (GMP) Insights
As per market trackers, Blackbuck’s shares are commanding a flat GMP, indicating balanced sentiment among investors ahead of the listing.
Conclusion
With the allotment process complete, all eyes are now on the listing of Zinka Logistics (Blackbuck) shares on November 21, 2024. Investors are hopeful for strong debut gains, thanks to the company’s solid fundamentals and growth prospects.