Zinka Logistics Solutions' IPO has not received a strong response, with only 32% of the issue subscribed by the end of the second day of bidding on November 14. The ongoing nervousness in equity markets has contributed to the lackluster subscription numbers.

Retail investors subscribed to 90% of their reserved portion, while qualified institutional buyers and non-institutional investors purchased 26% and 4% of their allotted shares, respectively. The employee segment experienced robust interest, with a subscription rate of 5.33 times.

The IPO aims to raise Rs 1,114.72 crore at the upper end of the price band of Rs 259-273 per share. It comprises a fresh issuance of equity shares worth Rs 550 crore and an offer-for-sale of 2.06 crore shares valued at Rs 564.72 crore. Notable selling shareholders include Peak XV Partners Investment, International Finance Corporation, Quickroutes International, and Accel India. Despite market challenges, Zinka Logistics Solutions continues to pursue its fundraising goals.