IPO of Jinka Logistics Solutions Limited Opens Soon
IPO GMP | The highly anticipated IPO of Jinka Logistics Solutions Limited is set to open for investment on November 13, aiming to raise ₹1,115 crore. The price band for this IPO has been established at ₹259-273. Also referred to as Blackbuck, Jinka Logistics Solutions is gearing up for a significant market entry.
Investment Timeline
The last date for investing in the Jinka Logistics IPO is November 18. The offering includes a fresh issue of ₹550 crore alongside an Offer for Sale (OFS) of 2.06 crore shares. Notably, employees will benefit from a discount of ₹25 per share during the IPO.
Use of IPO Proceeds
The funds raised will primarily support sales and marketing efforts, with ₹200 crore allocated for this purpose. Additionally, ₹140 crore will be invested in Blackbuck Finserv. The company plans to utilize ₹75 crore for product development and other corporate necessities.
Gray Market Premium
The gray market premium for Jinka Logistics Solutions’ IPO is currently at ₹24, indicating a potential for profitable returns upon listing.
Disclaimer
Investing in mutual funds and the stock market involves risk. Always consult a financial advisor before making investment decisions. We do not assume any financial responsibility for losses incurred.
News in Hindi | IPO GMP 12 November 2024 Hindi News.
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Summary at glance
The IPO of Jinka Logistics Solutions Limited, also known as Blackbuck, is set to open for investment on November 13, aiming to raise ₹1,115 crore with a price band of ₹259-273 per share. The IPO includes a fresh issue of ₹550 crore and an offer for sale of 2.06 crore shares, with a discount for employees. Funds will support sales, marketing, and product development, while the gray market premium suggests potential profitability upon listing. The last investment date is November 18.
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