Zinka Logistics sets price band of Rs 259-273 a share for IPO

Zinka Logistics Solutions Ltd. has set a price band of Rs 259-273 a share for its initial public offering that will open for subscription on November 13.

The anchor bidding will start on November 12 and the issue will close on November 18. Basis of allotment will be on November 19 and refunds and credit of shares will be done on November 20.

The stock will be listed on exchanges on November 21.

The IPO comprises a fresh issue of Rs 550 crore and the offer for sale of up to 20.69 million by its existing shareholders and promoters. On the upper price band, OFS will be worth around Rs 564.72 crore. The total issue size will be around Rs 1114.72 crore.

Zinka Logistics is India's largest digital platform for truck operators, serving a critical role in the country's growing logistics sector. Established in 2015, the company is on a mission to digitally empower India's fragmented trucking industry, helping small and medium-sized truck operators efficiently manage their businesses and grow their incomes.