Zinka Logistics is a new debutant; as against the IPO price of Rs.273, the stock got listed slightly higher at Rs.279.05, rising to Rs.285.80 but is now trading below the IPO price at Rs.261 levels.

The IPO had met with a muted response, overall subscribing 1.86x, with HNIs art 0.23x, Retail at 1,65x and QIBs at 2.76x.

The company is operating under brand name BlackBuck, is a 9 year old technology solutions provider, to 9.6 lakh truck operators in India, mainly small operators (having <5 trucks).

Our IPO Analysis conclusion - Loss making operation, investor selling at loss and prohibitive pricing make the IPO an avoid.