Zinka Logistics Solutions Limited — Others, 14-05-2025: Monitoring Agency Report

Zinka Logistics Solutions Limited has announced a Monitoring Agency report by ICRA Limited confirming that Rs. 168.71 Cr of the Rs. 550 Cr IPO proceeds have been utilized as planned across sales and marketing, its NBFC subsidiary Blackbuck Finserve, product development, and corporate purposes. The remaining funds are parked in fixed deposits yielding 6.5-7.9% interest. The report affirms that the company’s planned activities are progressing on schedule, supporting growth and capital needs without any setbacks, reassuring stakeholders on the effective use of IPO funds.