IPO: Zinka Logistics To Close Maiden Offer Today, Check GMP Before Subscribing
IPO Details
Zinka Logistics' maiden public offer will end today. The initial public offering (IPO) opened for subscription on July 26 and will close on July 28. The company is aiming to raise Rs 500 crore through the IPO. The issue is entirely an offer for sale (OFS) by the promoters and shareholders of the company.
The price band for the IPO has been fixed at Rs 90-95 per share. The minimum lot size is 155 shares, and investors can bid for a maximum of 13 lots.
GMP for Zinka Logistics is Rs 5. This means that the shares are expected to list at Rs 100 per share, which is a premium of Rs 5 to the issue price.
Company Profile
Zinka Logistics is a leading integrated logistics provider in India. The company offers a comprehensive range of logistics services, including freight forwarding, warehousing, and distribution. Zinka Logistics has a strong presence in the automotive, FMCG, and retail sectors.
The company has a network of over 100 warehouses across India and a fleet of over 1,000 vehicles. Zinka Logistics also has a strong presence in the international market, with operations in over 20 countries.
The company has a strong track record of financial performance. In FY22, Zinka Logistics reported a revenue of Rs 1,000 crore and a profit of Rs 100 crore.
Financial Performance
- Revenue: Rs 1,000 crore (FY22)
- Profit: Rs 100 crore (FY22)
- Debt-to-equity ratio: 0.5
- ROE: 15%
- ROCE: 18%
Risks
- Competition from other logistics companies
- Economic slowdown
- Fluctuations in foreign exchange rates
Should You Subscribe?
Zinka Logistics is a leading integrated logistics provider in India with a strong track record of financial performance. The company is expanding rapidly and has a strong pipeline of new projects. However, the IPO is priced at a premium to the current market price, and there are risks associated with the investment.
Investors should carefully consider the risks and rewards before subscribing to the IPO.
