look news india
Zinka Logistics IPO: Zinka Logistics Solutions Ltd, a digital platform for truck operators, said it has set a price band of Rs 259-273 per share for its Rs 1,115 crore public offering.
The company's IPO will open on November 13 and close on November 18. The public offer comprises a fresh issue of Rs 550 crore and an offer for sale of 2.06 crore shares.
The OFS has been offered by promoters and investors and is selling shares worth Rs 565 crore, for which the upper limit of the price band has been fixed. Eligible employees are being offered a discount of Rs 25 per share in the employee reserve share.
Axis Capital, Morgan Stanley India Company, JM Financial and IIFL Capital Services are the book-running lead managers of the IPO.