Zinka Logistics Solution Limited IPO (BlackBuck IPO), GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | November 13, 2024 to November 18, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 1 per share |
| Price Band | ₹ 259 to ₹ 273 per share |
| Lot Size | 54 Shares |
| Total Issue Size | 4,08,32,320 shares (aggregating up to ₹ 1,114.72 Cr) |
| Fresh Issue | 2,01,46,520 shares (aggregating up to ₹ 550 Cr) |
| Offer for Sale | 2,06,85,800 shares of ₹1 (aggregating up to ₹ 564.72 Cr) |
| Employee Discount | Rs 25 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 15,63,30,160 |
| Shareholding post issue | 17,64,76,680 |
About Zinka Logistics Solution Limited IPO (BlackBuck IPO), GMP, Details, Price, And Review
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Founded in April 2015, Zinka Logistics Solution Limited operates the BlackBuck app, a digital platform designed for truck operators. In the fiscal year 2024, the platform facilitated the business operations of 963,345 truck operators, accounting for 27.52% of all truck operators in India.
The BlackBuck app offers a range of services, including payments, telematics, a freight marketplace, and vehicle financing, all aimed at helping truck operators streamline their operations and achieve greater efficiency in their business activities.
BlackBuck IPO Overview:
Issue Size: ₹1,114.72 Crores
Fresh Issue: 2.01 crore shares (₹550.00 crores)
Offer for Sale: 2.07 crore shares (₹564.72 crores)
IPO Opens: November 13, 2024
● IPO Closes: November 18, 2024
Price Band: ₹259 to ₹273 per share
Minimum Lot Size: 54 shares
Lead Managers:
Axis Capital Limited
Morgan Stanley India Company Pvt Ltd
JM Financial Limited
IIFL Securities Ltd
Registrar: Kfin Technologies Limited
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BlackBuck IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10.00% of Net Issue |
| NII (HNI) Shares Offered | Not more than 15.00% of the Net Issue |
Zinka Logistics Solution Limited IPO (BlackBuck IPO), GMP, Details, Price, And Review Financial Information
Latest Revenue
98.33
₹ Crore
Profit After Tax
32.38
₹ Crore
Net Worth
344.98
₹ Crore
Total Borrowing
161.01
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 629.41 | 98.33 | 32.38 | 344.98 | 161.01 | ||||
| 31 Mar 2024 | 654.32 | 316.51 | -193.95 | 311.29 | 173.74 | ||||
| 31 Mar 2023 | 654.25 | 195.09 | -290.5 | 352.66 | 165.84 | ||||
| 31 Mar 2022 | 899.68 | 156.13 | -284.56 | 585.08 | 199 | ||||
| Amount in ₹ Crore | |||||||||
Zinka Logistics Solution Limited IPO (BlackBuck IPO), GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.39% |
| ROCE | 1.50% |
| Debt/Equity | 0.47 |
| RoNW | 9.39% |
| P/BV | 14.6 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -12.41 | 7.34 |
| P/E (x) | -22 | 37.2 |
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Competitive Strengths
India’s largest platform for digital truck operators.
A wide network of truck operators built over the nine years of its existence.
New offerings to address market gaps and fulfill customer needs.
A strong multi-channel sales network and an effective sales and service strategy promote customer acceptance.
High-growth business with operational leverage and high profitability.
Experienced management team.
Zinka Logistics Solution Limited IPO (BlackBuck IPO), GMP, Details, Price, And Review IPO Timeline
| IPO Open Date | Wednesday, November 13, 2024 |
| IPO Close Date | Monday, November 18, 2024 |
| Basis of Allotment | Tuesday, November 19, 2024 |
| Initiation of Refunds | Wednesday, November 20, 2024 |
| Credit of Shares to Demat | Wednesday, November 20, 2024 |
| Listing Date | Thursday, November 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 18, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 54 | ₹14,742 |
| Retail (Max) | 13 | 702 | ₹191,646 |
| S-HNI (Min) | 14 | 756 | ₹206,388 |
| S-HNI (Max) | 67 | 3,618 | ₹987,714 |
| B-HNI (Min) | 68 | 3,672 | ₹1,002,456 |