Shares of Zinka Logistics Solutions, a digital platform catering to truck operators, are scheduled to debut on the stock exchanges on November 21, promising significant returns for early investors. They could see their initial investments grow up to fivefold.
The company’s ₹1,115-crore IPO, which was open for subscription from November 13 to 18, received a subscription rate of 1.86 times. It included a fresh issue of shares worth ₹550 crore and an offer-for-sale (OFS) of up to 2.06 crore shares, valued at ₹565 crore at the upper price band.
Zinka’s flagship BlackBuck app offers a suite of solutions, including payments, telematics, load management, and vehicle financing. The company collaborates with FASTag banks and oil marketing companies (OMCs) to deliver seamless toll and fuel management services, earning revenue through commission margins based on transaction volumes.
Priced between ₹259-273 per share, the IPO’s upper price band of ₹273 indicates potential returns of up to 5x for early investors, as detailed in the company’s red herring prospectus (RHP).
Among Zinka’s early backers is Quickroutes International Private Limited, which invested in 2015 at an average cost of ₹52.04 per share. Other key investors include Accel India (₹62.71 in 2015), Sands Capital (₹132.09), Internet Fund Pte (₹69.07), and Peak XV (₹308.98 in 2018). Here’s a look at the anticipated gains for these pre-IPO investors.
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