Zinka Logistics Solutions Ltd, a digital platform for truck operators, on Tuesday mobilised over Rs 501 crore from anchor investors, a day before its initial share-sale opening for public subscription.
SBI Mutual Fund (MF), Bandhan MF, Invesco MF, ICICI Prudential Life Insurance Company, Nomura, Steadview Capital Mauritius, TIMF Holdings and Hornbill Orchid India Fund are among the anchor investors, according to a circular uploaded on BSE’s website.
As per the circular, Zinka Logistics allotted 1.84 crore equity shares to 26 funds at Rs 273 a piece, which is also the upper end of the price band. This aggregates the transaction size to Rs 501.33 crore.
The Rs 1,115 crore-IPO, will be available at a price range of Rs 259-273 apiece, for public subscription during November 13 to 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 cr
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