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Zinka Logistics (BlackBuck) IPO

Logistics Tech/TMS - Listed on 22 November 2024

+2.9% listing gain
Issue Price (Upper)
Rs 273
Listing Price
Rs 280.9
Closing Price (NSE)
Rs 260.05
Total Subscription
1.86x

Zinka Logistics (BlackBuck) IPO listing summary

Zinka Logistics (BlackBuck) (Logistics Tech/TMS) closed its IPO window in 2024 and listed on NSE and BSE on 22 November 2024 at an upper band issue price of Rs 273, opening at Rs 280.9 for a listing gain of +2.9% and closing day one at Rs 260.05 (-4.7% on closing basis). The IPO was subscribed 1.86x overall - QIB 2.76x, HNI/NII 0.23x, Retail 1.64x. The total issue size was Rs 1,114.72 Cr (Fresh Issue Rs 550 Cr, OFS Rs 564.72 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+2.89%
Listing Gain (Close)
-4.74%
Day Change After Listing
-7.64%
Retail Quota
10.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB2.76x
HNI / NII0.23x
Retail1.64x
Overall1.86x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.24x
Day 20.32x
Day 3 (Final)1.86x

Zinka Logistics (BlackBuck) IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 300.00%
Day 2Rs 25+3.66%
Day 3Rs 10+9.16%
Day 4Rs 0+10.99%
Day 5Rs 0+10.26%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
0.0%-11.0%
IPOGyani AI Prediction
-
Actual Listing Gain
+2.9%

Issue & financials

Issue SizeRs 1,114.72 Cr
Fresh IssueRs 550 Cr
OFSRs 564.72 Cr
IPO PE34.41
Peer / Sector PE38.00
PE vs Sector Ratio0.91
Latest EBITDA (Cr)-43.85
Debt / Equity4.83

Market context at listing

How the broader market moved around the Zinka Logistics (BlackBuck) IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-1.31%
Nifty 1W Return-1.36%
Nifty 1M Return-4.33%
Nifty during IPO window-1.47%

Zinka Logistics (BlackBuck) IPO - FAQs

What was the listing gain of Zinka Logistics (BlackBuck) IPO?

Zinka Logistics (BlackBuck) IPO listed at +2.9% versus the upper issue price of Rs 273 on 22 November 2024.

How many times was Zinka Logistics (BlackBuck) IPO subscribed?

Zinka Logistics (BlackBuck) IPO was subscribed 1.86x overall. QIB portion was subscribed 2.76x, HNI / NII 0.23x and Retail 1.64x.

What was the IPO GMP for Zinka Logistics (BlackBuck)?

IPO GMP started at Rs 30 on Day 1 and moved to Rs 0 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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