The BlackBuck IPO, offered by Zinka Logistics Solutions, is now open for public subscription and will close on November 18, 2024. The BlackBuck IPO Subscription Status today lack of investor interest, with an overall subscription of 0.33 times as of the latest update. Let’s checkout the details of the IPO and its performance in the grey market.
BlackBuck IPO Subscription Status Today
The IPO has been attracting considerable interest across all investor categories. Here’s how the subscription figures look so far:
- Qualified Institutional Buyers (QIBs): Subscribed 0.26 times, showing strong institutional backing.
- Non-Institutional Investors (NIIs): Subscribed 0.04 times, indicating solid interest from high-net-worth individuals.
- Retail Investors: Subscribed 0.9 times, reflecting good retail participation.
- Overall Subscription: Reached 0.32 times, highlighting healthy demand across the board.
These numbers are expected to evolve as we approach the closing date, making it crucial to keep track of updates.
Blackbuck IPO GMP Today
In the grey market, BlackBuck IPO shares are currently trading at a premium of 0. This translates to a premium of 0%, which signals a neutral sentiment among investors. A steady GMP often reflects optimism about the IPO’s listing potential.
Zinka Logistics
Zinka Logistics, popularly known as Blackbuck, has carved out a significant role in India’s logistics sector. Founded in 2015, Blackbuck specializes in digitizing trucking operations, helping truck owners improve load management, fuel efficiency, and routing through a digital platform. The company’s platform connects truckers and shippers, simplifying the movement of goods across India. Backed by investors like Flipkart, Blackbuck’s business has seen tremendous growth, and now it’s ready to go public with its IPO.
Blackbuck IPO Issue Details
| Attribute | Details |
|---|---|
| IPO Issue Size | ₹1,114.72 crore |
| Offer for Sale (OFS) | 2.06 crore shares |
| Price Band | ₹259 – ₹273 per share |
| Lot Size | 54 shares (₹14,742 per lot) |
| Investor Allocation | QIB: 75%, NII: 15%, Retail: 10% |
| IPO Type | Main-board, listed on BSE & NSE |
TOP FAQs
What is the overall subscription status of the BlackBuck IPO?
As of the latest data, the BlackBuck IPO has been subscribed 0.32 times, with strong demand from Qualified Institutional Buyers (QIBs) at 0.26 times, Non-Institutional Investors (NIIs) at 0.04 times, and Retail Investors at 0.9 times.
What is the current Grey Market Premium (GMP) for the BlackBuck IPO?
The current GMP for the BlackBuck IPO is ₹0, reflecting an approximate premium of 0% over the upper price band of ₹273.
When is the BlackBuck IPO allotment date?
The basis of allotment for the BlackBuck IPO will be finalized on November 19, 2024.
When will the BlackBuck IPO list on the stock exchanges?
The BlackBuck IPO is scheduled to list on the stock exchanges on November 21, 2024.