Zinka Logistics IPO Day 2: GMP, Price Band, Subscription, Key Dates and Review
Zinka Logistics IPO, which opened for subscription on November 13, received steady response on the first day of the bidding process. Investors still have two more days to bid for the IPO, which closes on November 18.
Zinka Logistics IPO: Subscription status
The company plans to raise just over Rs 1100 crore through the public offering, which is being offered through a fresh equity sale of Rs 550 crore and an offer for sale (OFS) of 2.06 crore shares.
Ahead of the issue opening, the company raised Rs 500 crore from anchor investors, where Nomura, Hornbill Orchid India Fund, Steadview Capital Mauritius, TIMF Holdings, Florida Retirement System among others participated.
Zinka Logistics IPO: Subscription status
The IPO of Zinka Logistics was subscribed 24% on the first day of the…
