The initial public offering (IPO) of Zinka Logistics Solution Limited opened on November 13, 2024, and will close on November 18, 2024. The offering, valued at ₹1,114.72 crore, is attracting investor attention, though the interest has been lukewarm so far. The company, which owns the popular truck operations platform BlackBuck, has set the price band for the IPO between ₹259 and ₹273 per equity share.

As of the third day of bidding, the Zinka Logistics Solution IPO had been subscribed 1.70 times overall, with the retail portion subscribed 1.51 times, while the non-institutional investor (NII) segment had only been subscribed 0.21 times. The qualified institutional buyer (QIB) portion was more robust, with 2.53 times subscription.

In the grey market, Zinka Logistics Solution shares are trading at par, meaning there is no premium or discount. Market observers suggest that the weak sentiment on Dalal Street, combined with negative global cues, has contributed to the tepid grey market response. Despite this, analysts remain hopeful that the stock could show an upside potential if the market trend reverses.

Investors have just one day left to apply for this IPO, with expectations that the final days of subscription could bring more momentum.