Zinka Logistics IPO crosses halfway mark: Issue sees 53% bids on Day 3 so far

Healthy Demand for Zinka Logistics IPO

Zinka Logistics IPO has received a healthy response from investors, with the issue being subscribed 53% on the third day of bidding. The public offer received bids for 1,59,40,650 shares against the total issue size of 2,99,93,175 shares.

The quota reserved for retail investors was subscribed 1.46 times, while the portion for qualified institutional buyers was subscribed 36%. The non-institutional investors' portion was subscribed 18%.

Price details for Zinka Logistics IPO

The price band for the IPO was set at Rs 90-95 per share. The company plans to raise Rs 280 crore through the initial public offering (IPO).

Company Profile

Zinka Logistics is a leading provider of integrated logistics and supply chain solutions in India. The company offers a wide range of services, including transportation, warehousing, distribution, and value-added services.

Zinka Logistics has a strong track record of growth and profitability. The company's revenue has grown at a CAGR of 25% over the past three years. The company's net profit has also grown at a healthy pace, increasing by 30% over the past three years.

Outlook

The outlook for the logistics sector in India is positive. The growing e-commerce market and the increasing demand for supply chain solutions are expected to drive the growth of the logistics sector in the coming years.

Zinka Logistics is well-positioned to capitalize on the growth opportunities in the logistics sector. The company's strong track record of growth and profitability, its wide range of services, and its pan-India presence make it a strong player in the industry.