Ahead of IPO, Zinka Logistics collects Rs 501 cr from anchor investors

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Ahead of IPO, Zinka Logistics collects Rs 501 cr from anchor investors - Business Standard

Quick Summary:

SBI Mutual Fund (MF), Bandhan MF, Invesco MF, ICICI Prudential Life Insurance Company, Nomura, Steadview Capital Mauritius, TIMF Holdings and Hornbill Orchid India Fund are among the anchor investors, according to a circular uploaded on BSE's website.

Zinka Logistics Solutions Ltd, a digital platform for truck operators, on Tuesday mobilised over Rs 501 crore from anchor investors, a day before its initial share-sale opening for public subscription.

As per the circular, Zinka Logistics allotted 1.84 crore equity shares to 26 funds at Rs 273 a piece, which is also the upper end of the price band.