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Zinka Logistics IPO allotment details and subscription status available online
Zinka Logistics Solutions Ltd is set to allot shares from its Rs 1,115-crore IPO, which was oversubscribed 1.86 times. The shares, priced between Rs 259-273, will be listed on the BSE and NSE on November 21. Investors can check their allotment status on KFin Technologies" website using their application number or PAN.
JP Morgan sets target for KFin Technologies amid strong growth in FY25
JP Morgan has set a target price of Rs1200 for KFin Technologies, citing strong growth in FY25. The company reported a 46% year-on-year profit increase in Q2FY25, driven by a 34.2% rise in revenues and a 35.1% increase in EBITDA, achieving margins of 45.1%. KFin's domestic mutual fund services saw a 39% revenue increase, with equity AUM up by 56.2%, while international AUM grew by 27.5%. The establishment of a subsidiary in Thailand aims to enhance its service capabilities in the ASEAN region.
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