The IPO allotments for Zinka Logistics Solutions and Onyx Biotec are set to be finalized today, November 19, 2024. Both IPOs, which saw significant investor interest, are nearing their listing dates, and subscribers are eagerly awaiting their allotment details.

Zinka Logistics Solutions IPO:

Zinka Logistics, a company offering a range of digital solutions for the logistics sector, launched its IPO with an aim to raise ₹1,114.72 Crores. The offering consists of a fresh issue of ₹550 Crores and an offer for sale of ₹564.72 Crores. The price band for the IPO was set between ₹259 to ₹273 per share, and the lot size is 54 shares. Retail investors needed a minimum investment of ₹14,742. The IPO closed on November 18, and the subscription status showed that the offering was subscribed 1.86 times on the final day.

The Grey Market Premium (GMP) for Zinka Logistics is reported to be ₹0, indicating a neutral market sentiment. The proceeds from the fresh issue will primarily fund marketing costs, investments in the company's NBFC subsidiary, and product development.

Onyx Biotec IPO:

Onyx Biotec, a pharmaceutical company specializing in generic and proprietary products, raised ₹29.34 Crores through its IPO. The price range for the issue was ₹58 to ₹61 per share, with a lot size of 2,000 shares. Retail investors had to invest at least ₹1,22,000. Onyx Biotec's IPO subscription status showed an overwhelming response, with the offering subscribed 184.6 times on the final day, making it one of the most oversubscribed IPOs of the year.

Like Zinka Logistics, the GMP for Onyx Biotec is also reported to be ₹0, reflecting uncertain market expectations. The funds raised from the IPO will be used for expanding the manufacturing unit, setting up a new packaging line, and repaying loans.

How to Check IPO Allotment Status:

Investors looking to check their allotment status can visit the registrar’s website for both companies. The process involves selecting the respective IPO from the dropdown, entering the required details such as application number, PAN, or DP Client ID, and submitting the form to view the status.

• For Zinka Logistics: Visit the registrar’s website and check using your application number.
• For Onyx Biotec: Similarly, check via the registrar’s portal with your application number, PAN, or DP Client ID.

Both IPOs are expected to be listed on their respective exchanges, with Zinka Logistics listing on BSE & NSE and Onyx Biotec listing on the NSE SME on November 21, 2024.

Conclusion:

Both Zinka Logistics and Onyx Biotec have seen robust investor demand, with Onyx Biotec's offering being particularly oversubscribed. Today’s allotment will provide clarity to investors regarding their successful bids. With the market showing varying expectations for these IPOs, it remains to be seen how they perform post-listing. Keep an eye on the allotment and upcoming listing dates for the latest updates.

The Upcoming IPOs in this week and coming weeks are Lomosaic India, 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.

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.