Zinka Logistics’s IPO gets subscribed 1.85X on final day of bidding

Quick Summary:

The IPO is a combination of a fresh issue of shares worth Rs 550 crore and an offer of sale (OFS) of up to 2.06 crore shares.

Zinka also reported a 69% rise in its operating revenue to Rs 296.9 crore compared to Rs 175.6 crore in FY23.

The employee-reserved category led the subscription, with the offering subscribed about 9.6 times while the retail category was subscribed about 1.61 times.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: India

Topics: Final Crore Subscription Policy Sale Subscribed Privacy Shares Zinka Fresh Issue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 11:20:52 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 297 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23656311

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