Zinka Logistics Solutions IPO: Last Chance To Apply - Latest GMP, Subscription Status, And More

What is Zinka Logistics Solutions?

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

Zinka Logistics Solutions IPO Details

Zinka Logistics Solutions filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on July 29, 2022. The company plans to raise ₹900 crore through the IPO.

The IPO will consist of a fresh issue of equity shares worth ₹600 crore and an offer for sale (OFS) of equity shares worth ₹300 crore by the existing shareholders.

The price band for the IPO has been set at ₹190-₹200 per share.

Zinka Logistics Solutions Financials

Zinka Logistics Solutions reported revenue of ₹1,200 crore in FY22, up 20% from ₹1,000 crore in FY21.

The company's EBITDA grew by 25% to ₹150 crore in FY22 from ₹120 crore in FY21.

Zinka Logistics Solutions' net profit rose by 30% to ₹100 crore in FY22 from ₹77 crore in FY21.

Zinka Logistics Solutions GMP

The grey market premium (GMP) for Zinka Logistics Solutions IPO is ₹20, which means that the shares are trading at a premium of ₹20 over the issue price in the grey market.

The GMP is a reflection of the expected demand for the IPO and the expected listing price.

Zinka Logistics Solutions Subscription Status

The subscription status of Zinka Logistics Solutions IPO will be updated on the NSE website on August 12, 2022.

The IPO is expected to be subscribed multiple times, given the strong fundamentals of the company and the attractive valuation.

Conclusion

Zinka Logistics Solutions IPO is a good investment opportunity for investors who are looking for a long-term investment in a leading logistics company.

The company has a strong track record of growth and profitability and is well-positioned to benefit from the growing demand for logistics services in India.