The allotment status for the Zinka Logistics Solution Initial Public Offering (IPO) is expected to be announced today, November 20, 2024. Investors who applied for the IPO can check whether they have received shares by visiting the official website of the registrar, Kfin Technologies Ltd, or the Bombay Stock Exchange (BSE). check your allotment status and understand other key details about the IPO.
How to Check Zinka Logistics IPO Allotment Status
If you applied for the Zinka Logistics Solution IPO, you can check your allotment status online using these steps:
On the Kfin Technologies Website
- Visit the Website: Go to the official Kfin Technologies website using the link: Kfintech IPO Allotment Status.
- Select the IPO: From the dropdown menu, choose “Zinka Logistics Solution IPO.”
- Enter Your Details: Provide your application number, PAN, or demat account number.
- Fill in the captcha code and select “Submit” to check your allotment status.
On the BSE Website
- Access the BSE portal and navigate to the IPO allotment status section.
- Select Issue Type: Choose “Equity” under the issue type.
- Select the IPO Name: From the dropdown menu, select “Zinka Logistics Solution IPO.”
- Enter Details: Input your application number or PAN, along with the captcha code.
- Submit: Click “Submit” to check your status.
Refund and Share Credit Process
For investors who did not receive any shares, the refund process will begin today, November 20. Those who were allotted shares will have them credited to their demat accounts the same day.
Subscription Details
The Zinka Logistics Solution IPO, which was open for subscription from November 13 to November 18, 2024, received a positive response from investors. Here’s how the IPO was subscribed:
- Qualified Institutional Buyers (QIBs): 2.76 times.
- Retail Investors: 1.66 times.
- Non-Institutional Investors (NIIs): 0.24 times.
- Employee Portion: 9.88 times.
Overall, the IPO was subscribed 1.86 times.
In the grey market, Zinka Logistics shares were trading at a premium of ₹20-25 per share. This indicates that there is some demand for the shares ahead of their listing. The grey market premium reflects the willingness of investors to pay more than the issue price in the unofficial market.
Listing Date
Zinka Logistics is set to debut on the stock exchanges, including the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), on November 21, 2024.
Zinka Logistics is a digital logistics platform connecting truck owners with businesses. It offers services like real-time tracking, digital payments, and financing options. The company has shown consistent growth and profitability, making its IPO a significant opportunity for investors.
By following the steps mentioned above, investors can easily check their Zinka Logistics Solution IPO allotment status and stay updated on the next steps. Before investing in an IPO, always conduct thorough research to understand the risks and benefits.
