Zinka Logistics Solution Limited (BlackBuck) IPO
MainboardTransport Related Services
Listed On: Nov 22, 2024 at ₹ 280.9(NSE)
₹ 14742 /54 Shares
Check AllotmentPrice Summary
Last Closing
339.00 (24.18%)52 Week High
382.8552 Week Low
248.35Last Update
6-Dec-2024 3:30 PM13 Nov, 2024
Open Date18 Nov, 2024
Close Date19 Nov, 2024
Allotment Date22 Nov, 2024
Listing DateIssue Price
₹259-273 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
280.9(NSE)Listing Date
2024-11-22Market Lot
Retail : 54 Shares (₹14,742/-)S-HNI : 756 Shares (₹2,06,388/-)
B-HNI : 3,672 Shares (₹10,02,456/-)
Lead Manager
Axis Capital LimitedMorgan Stanley India Company Pvt Ltd
Jm Financial Limited
Iifl Securities Ltd
Issue Size
Total ₹1,114.72 Cr :#Fresh Issue : 20,146,520 shares(aggregating up to ₹550.00 Cr) +
#OFS : 20,685,800 shares of ₹1(aggregating up to ₹564.72 Cr)
Retail Portion
10% (Number of Retail Applications: 75,572 Approx),(Number of S-HNI Applications : 2,699 Approx),
(Number of B-HNI Applications : 5,398 Approx)
Subscription
1.86 timesZinka Logistics Solution (BlackBuck) IPO Subscription Details
As on | QIB | NII bNII sNII | Retail | Total |
---|---|---|---|---|
Shares Offered / Reserved | 12,242,611 | 6,121,305 4,080,870 2,040,435 | 4,080,870 | 22,470,786 |
Day 1 - 13-11-24 05:00 PM | 0.26 x | 0.02 0.01 x 0.04 x | 0.51 x | 0.24 x |
Day 2 - 14-11-24 05:00 PM | 0.26 x | 0.04 0.01 x 0.08 x | 0.90 x | 0.32 x |
Day 3 - 18-11-24 05:00 PM | 2.76 x | 0.24 0.18 x 0.36 x | 1.66 x | 1.86 x |
Zinka Logistics Solution (BlackBuck) Valuations
EPS Pre IPO
-₹12.41/-EPS Post IPO
₹7.34/-P/E Pre IPO
-22P/E Post IPO
-37.2RoNW
9.39%Zinka Logistics Solution (BlackBuck) Company Financials All values are in ₹ Cr.
31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
---|---|---|---|
Assets | 654.32 | 654.25 | 899.68 |
Revenue | 316.51 | 195.09 | 156.13 |
Profit After Tax | -193.95 | -290.5 | -284.56 |
About The Company
Founded in April 2015, Zinka Logistics Solution Limited, popularly known as BlackBuck, is India’s leading digital platform for truck operators. With a mission to transform the trucking industry, BlackBuck empowers operators across India to streamline operations, make payments, access vehicle financing, and manage logistics efficiently—all through a single app.
As of FY2024, BlackBuck connects over 27.5% of India’s truck operators, with an active network of 963,345 users. Through its comprehensive services, BlackBuck processed a substantial Gross Transaction Value (GTV) of Rs 173,961.93 million. The platform leverages technology to offer telematics services, with 356,050 devices enabling real-time tracking and fleet management. It has further availed vehicle financing options for the loans extended, amounting to 4,035 loans and Rs 1,967.88 million, and covered 48 districts in seven states.
Zinka Logistics Solution (BlackBuck) - Strength and Weakness
It is India’s largest digital platform for truck operators in terms of number of users as of March 31, 2024
The company has a repeatable playbook of creating and launching new offerings as it is focused on addressing challenges faced by truck operators in India by creating innovative solutions.
It has a high growth business with operating leverage and strong unit economics due to its asset-light business model which is based on offering services to truck operators, and generates revenue through platform fees, subscription fees and commissions.
The company and its subsidiary TZF Logistics Solutions Private Limited have incurred losses and witnessed negative operating cash flows in the past.
It depends on certain key suppliers to procure a significant portion of its vehicle tracking solutions. Any loss of the relationship could adversely affect the company’s business.
Zinka Logistics added that its operations may be affected by fluctuations in the road transportation industry and fuel prices.
Zinka Logistics Solution (BlackBuck) - Promoter(s)
Pre Issue Share Holding: 32.91%
Post Issue Share Holding: 27.84%
- Rajesh Kumar Naidu Yabaji
- Chanakya Hridaya
- Ramasubramanian Balasubramaniam
Zinka Logistics Solution (BlackBuck) IPO - Issue Objectives
- Funding towards sales and marketing costs
- Investment in Blackbuck Finserve Private Limited, its NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements
- Funding of expenditure about product development
- General corporate purposes.
Zinka Logistics Solution (BlackBuck) IPO - Anchor Investors
Marquee institutional investors acquired shares in the company via anchor book are Nomura, Hornbill Orchid India Fund, Steadview Capital Mauritius, TIMF Holdings, Florida Retirement System, Massachusetts Institute of Technology, Carmignac Portfolio, BNP Paribas Funds, Pinebridge Global Funds, and Societe Generale.
Additionally, SBI Mutual Fund, Invesco India, Bandhan Mutual Fund, ICICI Prudential Life Insurance, Ashoka Whiteoak, SBI General Insurance, and Nuvama Multi Asset Strategy Return Fund among domestic institutional investors also invested in Zinka
Other Details
Zinka Logistics Solution (BlackBuck)
Vaswani Presidio, no. 84/2, II Floor, Panathur Main Road, Kadubeesanahalli, Off Outer Ring-Road, Bengaluru 560103Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: zinka.ipo@kfintech.com
Zinka Logistics Solution (BlackBuck) IPO - FAQs
Ans. Zinka Logistics Solution Limited (BlackBuck) IPO is a Mainboard IPO. The issue is priced at ₹259-273 per equity share. The minimum order quantity is 54 Shares. The IPO opens on Nov 13, 2024, and closes on Nov 18, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Zinka Logistics Solution Limited (BlackBuck) IPO opens on Nov 13, 2024 and closes on Nov 18, 2024.
Ans. The size of Zinka Logistics Solution Limited (BlackBuck) IPO is Total ₹1,114.72 Cr : #Fresh Issue : 20,146,520 shares(aggregating up to ₹550.00 Cr) + #OFS : 20,685,800 shares of ₹1(aggregating up to ₹564.72 Cr).
Ans. The IPO price band is set between ₹259-273 per equity share.
Ans. To apply for Zinka Logistics Solution Limited (BlackBuck) IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Zinka Logistics Solution Limited (BlackBuck) IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Zinka Logistics Solution Limited (BlackBuck) IPO is Nov 19, 2024.
Ans. The Zinka Logistics Solution Limited (BlackBuck) IPO will be listed on Nov 22, 2024.
Ans. Follow the steps to check the allotment status for Zinka Logistics Solution Limited (BlackBuck) IPO here.