The initial public offer of Zinka Logistics Solutions Ltd, a digital platform for truck operators, got subscribed 24 per cent on the first day of bidding on Wednesday.
The IPO received bids for 54,08,100 shares against 2,25,67,270 shares on offer, as per NSE data.
The portion for Retail Individual Investors (RIIs) got subscribed 50 per cent while the category for Qualified Institutional Buyers (QIBs) fetched 26 per cent subscription. The non-institutional investors part attracted 2 per cent subscription.
Zinka Logistics Solutions Ltd on Tuesday mobilised over Rs 501 crore from anchor investors.
The Rs 1,115 crore IPO is available at a price range of Rs 259-273 apiece for public subscription during November 13-18.
The IPO is a combination of a fresh issue of shares worth Rs 550 crore and an offer of sale (OFS) of up to 2.06 crore shares. The OFS by promoters and investor selling shareholders is valued at Rs 565 crore at the upper end of the price band.
Proceeds from the fresh issu