Zinka Logistics' IPO subscribed 24% of offer size on opening day

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Zinka Logistics' IPO subscribed 24% of offer size on opening day - Business Standard

Quick Summary:

The initial public offer of Zinka Logistics Solutions Ltd, a digital platform for truck operators, got subscribed 24 per cent on the first day of bidding on Wednesday.

The portion for Retail Individual Investors (RIIs) got subscribed 50 per cent while the category for Qualified Institutional Buyers (QIBs) fetched 26 per cent subscription.

The Rs 1,115 crore IPO is available at a price range of Rs 259-273 apiece for public subscription during November 13-18.