As we enter November, the primary market continues to shine with 3 new IPOs slated to open next week. The public offering of Zinka Logistics will be launched in the mainboard segment, while 2 other issues are from the SME segment.
Apart from the new offerings, the Street will also see three listings, including that of Swiggy, whose marquee IPO was subscribed over 3 times.
Here's what's on the IPO table next week:
Bengaluru-based Zinka Logistics Solutions, the country’s leading platform for truck operators, has announced a price band of Rs 259-273 for its IPO, which will open for subscription on November 13.
The offer comprises a fresh issue of shares amounting to Rs 550 crore and an offer for sale (OFS) by the selling shareholders of up to 2,06,85,800 shares of the company, which are valued at Rs 564.72 crore at the upper limit of the price band.
At the upper limit, the total size of the IPO stands at Rs 1,114.72 crore.
The issue will open for the anchor investors on November 12, a day before it opens for the retail investors and will be available till November 18. Bids can be made for a minimum of 54 shares and in multiples of 54 thereof.
Under the OFS component, Rajesh Kumar Naidu Yabaji, Chanakya Hridaya, Ramasubramanian Balasubramaniam, Accel India IV (Mauritius), Quickroutes International, International Finance Corporation, Internet Fund III Pte, Sands Capital Private Growth II, Peak XV Partners Investments VI (formerly SCI Investments VI) and VEF AB (publ) will offload their stakes in the company.
Not less than 75% of the total issue has been reserved for qualified institutional buyers (QIBs), not more than 15% for non-institutional investors (NIIs) and up to 10% of the issue for retail investors. Up to 26,000 equity shares have been reserved for employees.
The proceeds from its fresh issuance will be utilised for funding towards sales and marketing costs, investment in Blackbuck Finserve for financing the augmentation of its capital base to meet its future capital requirements, and for expenditure in product development and general corporate purposes.
Zinka Logistics is dedicated to transforming the trucking industry in India by digitally empowering truck operators to manage their businesses and increase their earnings.
The company’s innovative BlackBuck app serves as a comprehensive platform, providing solutions for payments, telematics, load management, and vehicle financing.
SME segment
In the SME segment, the IPO of Mangal Compusolution will open on November 12 and Onyx Biotec will kick off on November 13. While Mangal plans to raise to Rs 16 crore, Onyx will garner around Rs 29 crore through the IPO.
Apart from the new offerings, the Street will also see three listings, including that of Swiggy, whose marquee IPO was subscribed over 3 times.
Here's what's on the IPO table next week:
Bengaluru-based Zinka Logistics Solutions, the country’s leading platform for truck operators, has announced a price band of Rs 259-273 for its IPO, which will open for subscription on November 13.
The offer comprises a fresh issue of shares amounting to Rs 550 crore and an offer for sale (OFS) by the selling shareholders of up to 2,06,85,800 shares of the company, which are valued at Rs 564.72 crore at the upper limit of the price band.
At the upper limit, the total size of the IPO stands at Rs 1,114.72 crore.
The issue will open for the anchor investors on November 12, a day before it opens for the retail investors and will be available till November 18. Bids can be made for a minimum of 54 shares and in multiples of 54 thereof.
Under the OFS component, Rajesh Kumar Naidu Yabaji, Chanakya Hridaya, Ramasubramanian Balasubramaniam, Accel India IV (Mauritius), Quickroutes International, International Finance Corporation, Internet Fund III Pte, Sands Capital Private Growth II, Peak XV Partners Investments VI (formerly SCI Investments VI) and VEF AB (publ) will offload their stakes in the company.
Not less than 75% of the total issue has been reserved for qualified institutional buyers (QIBs), not more than 15% for non-institutional investors (NIIs) and up to 10% of the issue for retail investors. Up to 26,000 equity shares have been reserved for employees.
The proceeds from its fresh issuance will be utilised for funding towards sales and marketing costs, investment in Blackbuck Finserve for financing the augmentation of its capital base to meet its future capital requirements, and for expenditure in product development and general corporate purposes.
Zinka Logistics is dedicated to transforming the trucking industry in India by digitally empowering truck operators to manage their businesses and increase their earnings.
The company’s innovative BlackBuck app serves as a comprehensive platform, providing solutions for payments, telematics, load management, and vehicle financing.
SME segment
In the SME segment, the IPO of Mangal Compusolution will open on November 12 and Onyx Biotec will kick off on November 13. While Mangal plans to raise to Rs 16 crore, Onyx will garner around Rs 29 crore through the IPO.
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