Zinka Logistics Solution share price: what does GMP offer before listing?

Shares of Zinka Logistics Solution make their market debut on Dalal Road amid volatility and cautious market sentiment.

The last few IPOs listed on the stock exchanges have failed to generate significant returns for investors from the listing and public offering of Zinka Logistics Solution. may also see a weak or decent debut.

Founded in 2015, Zinka operates the BlackBuck app, a digital platform offering truck operators services such as payments, telematics, loading marketplace and vehicle financing.

The IPO of Zinka Logistics Solution, held on November 13-18, offered shares at a price of Rs 259-273 per share with a lot size of 54 shares. The company raised Rs 1,114.72 crore, of which Rs 500 crore through fresh issue and Rs 564.72 crore through offer for sale.

Total IPO subscriptions increased by 1.86 times with strong demand from employees (9.88 times) and QIB (2.76 times). Retail investors subscribed 1.66 times, while the FII category lagged at 24%.

PRELIMINARY LISTING OF ZINKA LOGISTICS (IPO BLACKBUCK)

Shivani Nyathi, head of wealth at Swastika Investmart Ltd, said that while the IPO received a healthy subscription of 1.87 times, the current gray market premium (GMP) of 0% indicates the potential for flat or even negative listing.

“The company’s strong network effect and position as a leading platform in the logistics industry are positive factors. However, financial issues, including ongoing losses and negative cash flow, are a concern. In addition, the company’s legal problems and recent employee layoffs point to operational difficulties. Low promoter participation further adds to investor skepticism, given the company’s financial performance, operational challenges and lack of clear valuation metrics, investors are advised to exercise caution,” she added.

LATEST GMP FOR IPO ZINKA LOGISTICS

The gray market premium (GMP) for Zinka Logistics has fallen to zero, signaling a weak listing for investors. Previously, GMP was priced at Rs 24 before the IPO opened. The shares are scheduled to list on NSE and BSE on Friday, November 22.

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