Zinka Logistics Solution IPO: Flipkart-backed issue raises ₹501.33 crore via anchor investors ahead of public issue
Live MintZinka Logistics Solution Limited, the operator of the BlackBuck app, a payments platform which caters to truck operators, raised ₹501.33 crore from investors in its anchor round ahead of the public issue, according to the company's BSE filing on Tuesday, November 12. The anchor investor pool in Zinka Logistics Solution's IPO includes SBI Mutual Fund, Nomura Trust, Invesco India, Bandhan Mutual Fund, ICICI Prudential Life Insurance, Ashoka Whiteoak, Florida Retirement System, Steadview Capital Mauritius, and Massachusetts Institute of Technology Retirement Trust, etc. As per the exchange filing data on Tuesday, SBI Innovative Opportunities Fund at 7.98 per cent, The Nomura Trust and Banking Co. Ltd at 13.54 per cent, Invesco India Contra Fund at 9.95 per cent, Bandhan Core Equity Fund at 6.96 per cent, and Steadview Capital Mauritius at 5.76 per cent, were the top anchor investors in the anchor issue. The payments platform company also said that 33.43 per cent of the allocation to anchor investors was allocated to three domestic mutual funds through a total of six schemes, according to the exchange filing.