The IPO market is heating up with BlackBuck (Zinka Logistics) and Onyx Biotec ready to debut on the stock exchanges on November 22, 2024. These two companies represent diverse sectors—logistics and pharmaceuticals—and offer different investment propositions. Here’s an in-depth look at these IPOs:

BlackBuck (Zinka Logistics) IPO Overview

Zinka Logistics Solutions (BlackBuck) offers a technology-driven platform aimed at transforming the logistics industry, particularly by enhancing truck operators’ efficiency through digital solutions like toll and fuel payments, load matching, and vehicle tracking. Here's everything you need to know about the Zinka Logistics IPO:

• IPO Details:

  • Issue Size: ₹1,114.72 Crores (₹550 Crores Fresh Issue + ₹564.72 Crores Offer for Sale).
  • Price Band: ₹259 to ₹273 per share.
  • Market Capitalization: ₹4,817.81 Crores (at the upper band).
  • Lot Size: 54 shares.
  • Minimum Investment: ₹14,742 for retail investors; ₹2,06,388 for HNIs.

• Subscription and Listing Dates:

  • Subscription Period: November 13–18, 2024.
  • Allotment Date: November 19, 2024.
  • Listing Date: November 22, 2024 (BSE & NSE).

• Grey Market Premium (GMP):
  The GMP for Zinka Logistics IPO is ₹0, indicating limited market activity prior to listing. The price discovery will take place once the shares list on the stock exchange.

• Objectives:
  The IPO proceeds will be used for:

  • Sales and marketing initiatives.
  • Investment in BlackBuck Finserve, its NBFC subsidiary.
  • Product development and general corporate expenses.

• Anchor Investors:
  Zinka Logistics raised ₹501.33 Crores from anchor investors at ₹273 per share.

Onyx Biotec IPO Overview

Onyx Biotec is a pharmaceutical company specializing in the manufacturing and distribution of generic and proprietary products, including injections and syrups. This fixed-price IPO offers investors an opportunity in the growing pharmaceutical sector. Here are the key details:

• IPO Details:

  • Issue Size: ₹29.34 Crores (Fresh Issue of 48.1 Lakh Shares).
  • Price Band: ₹58 to ₹61 per share.
  • Market Capitalization: ₹110.60 Crores (at the upper band).
  • Lot Size: 2,000 shares.
  • Minimum Investment: ₹1,22,000 for retail investors; ₹2,44,000 for HNIs.

• Subscription and Listing Dates:

  • Subscription Period: November 13–18, 2024.
  • Allotment Date: November 19, 2024.
  • Listing Date: November 22, 2024 (NSE SME).

• Grey Market Premium (GMP):
  The GMP for Onyx Biotec IPO is ₹0, indicating low pre-listing activity. The stock price discovery will occur post-listing.

• Objectives:
  Proceeds from the fresh issue will be used for:

  • Upgrading manufacturing units for large volume parentals.
  • Setting up a high-speed packaging line.
  • Prepaying loans and general corporate purposes.

• Anchor Investors:
  Onyx Biotec raised ₹8.33 Crores from anchor investors at ₹61 per share.

IPO Subscription & Allotment Details

Zinka Logistics IPO:

• As of November 18, 2024, Zinka Logistics IPO was subscribed 1.86 times on its final day of subscription.
• The IPO will be allotted on November 19, 2024.
• Onyx Biotec IPO:
• The IPO was 184.60 times subscribed on the final day of its subscription period.
• Allotment will also be finalized on November 19, 2024.

Both IPOs are slated for listing on November 22, 2024, on the respective exchanges.

Conclusion

The BlackBuck (Zinka Logistics) and Onyx Biotec IPOs offer distinct investment opportunities. BlackBuck's digital logistics platform is aligned with India’s growing e-commerce sector, while Onyx Biotec presents a solid opportunity in the healthcare space. Given the GMPs of both IPOs, there’s cautious optimism regarding their debut on November 22, 2024. Potential investors should consider the subscription data and objectives carefully before investing.

The Upcoming IPOs in this week and coming weeks are C2C Advanced System, Enviro Infra, Rajesh Power Services, Rajputana Biodiesel, Rosmerta Digital, Avanse Financial and Nisus Finance.

The Current active IPO is NTPC Green Energy and Lomosaic India.

For more insights into financial trends , visit our Top News Headlines. You can also explore investment opportunities in the market and apply for upcoming IPOs through our Best IPO to Apply Now section.