CosmicTaco

Zinka Logistics IPO Sees Lukewarm Investor Response

CosmicTaco · 2024-11-18T16:49:17.186940+05:30

- The IPO of Zinka Logistics, parent of BlackBuck App, has seen a muted response, with only 53% subscription by day two. - Retail investors showed more interest, with a 1.33 times subscription, while QIBs and NIIs lagged behind. - Despite a flat grey market premium, brokerages recommend a long-term subscription due to the company's market leadership and reasonable valuation. Source: [Business News India](https://www.businesstoday.in/markets/ipo-corner/story/zinka-logistics-ipo-crosses-halfway-mark-issue-sees-53-bids-on-day-3-so-far-454102-2024-11-18), [Times Now News](https://www.timesnownews.com/business-economy/companies/zinka-logistics-solutions-ipo-last-chance-to-apply-latest-gmp-subscription-status-and-more-article-115403832)

The IPO of Zinka Logistics, parent of BlackBuck App, has seen a muted response, with only 53% subscription by day two.
Retail investors showed more interest, with a 1.33 times subscription, while QIBs and NIIs lagged behind.
Despite a flat grey market premium, brokerages recommend a long-term subscription due to the company's market leadership and reasonable valuation.

Source: Business News India, Times Now News