Zinka Logistics Solution (BlackBuck) IPO
Zinka Logistics Solution (BlackBuck) IPO is listed on BSE and NSE, priced at ₹259–₹273 per share. The stock debuted at ₹280.9, delivering a listing gain of 2.9%. The IPO had a lot size of ₹54 shares and a minimum investment of ₹14,742.
Zinka Logistics Solution Limited (BlackBuck) IPO
- IPO Dates
- Nov 13, 2024 – Nov 18, 2024
- Price band
- ₹259-273 per equity share
- Minimum Investment
- ₹14,742
- Issue size
- ₹1114.72 Cr
- Lot size
- 54
- Allotment Date
- Nov 19, 2024
- Listing
- Nov 22, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Nov 13, 2024
Open Date
Completed
-
Nov 18, 2024
Close Date
Completed
-
Nov 19, 2024
Allotment Date
Completed
-
Nov 22, 2024
Listing Date
Completed
Price Summary
- Last closing
- 548.00 (100.73%)
- 52 week high
- 748.00
- 52 week low
- 395.40
- Last update
Zinka Logistics Solution (BlackBuck) IPO Essentials
Zinka Logistics Solution (BlackBuck) IPO Details
Zinka Logistics Solution (BlackBuck) IPO is priced at ₹259-273 per share with a total issue size of 1114.72 crore. The IPO has a lot size of 54 shares and is listed on a BSE and NSE.
- Issue price
- ₹259-273 per equity share
- Lot size
- 54 shares
- Face value
- ₹1 Per Equity Share
- 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) - Total issue size
- 4,08,32,320 shares
(aggregating up to ₹1114.72 crore) - Fresh issue
- 2,01,46,520 shares
(aggregating up to ₹550 crore) - Offer for sale (OFS)
- 2,06,85,800 shares
(aggregating up to ₹564.72 crore) - Listing at
- BSE, NSE
- List price
- 280.9(NSE)
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Axis Capital Limited, Morgan Stanley India Company Pvt Ltd, Jm Financial Limited, Iifl Securities Ltd
Market Lot Size
Investors can bid for a minimum of 54 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 54 | ₹14,742 |
| Retail(max) | 13 | 702 | ₹1,91,646 |
Zinka Logistics Solution (BlackBuck) IPO Reservation
Zinka Logistics Solution (BlackBuck) IPO reservation details show category-wise allocation of shares. Out of the total 4,08,34,701 shares, approximately 29.98% are reserved for QIB, 14.99% for NII, 9.99% for retail investors, 0.06% for employees, and 44.97% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,83,63,915 (44.97%) | |
| QIB Shares Offered | 1,22,42,611 (29.98%) | |
| NII (HNI) Shares Offered | 61,21,305 (14.99%) | |
| bHNI > ₹10L | 40,80,870 (9.99%) | 5,397 |
| sHNI < ₹10L | 20,40,435 (5%) | 2,698 |
| Retail Shares Offered | 40,80,870 (9.99%) | 75,571 |
| Employee Shares Offered | 26,000 (0.06%) | |
| Total Shares Offered | 4,08,34,701 (100%) |
Zinka Logistics Solution (BlackBuck) IPO Analytics
Zinka Logistics Solution (BlackBuck) IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Zinka Logistics Solution (BlackBuck) IPO Subscription Status
Zinka Logistics Solution (BlackBuck) IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
0.02x
0.01x
0.04x
|
0.51 x | 0.24 x |
|
Day 2
14-11-24 05:00 PM
|
0.26 x |
0.04x
0.01x
0.08x
|
0.90 x | 0.32 x |
|
Day 3
18-11-24 05:00 PM
|
2.76 x |
0.24x
0.18x
0.36x
|
1.66 x | 1.86 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 1,29,071 (Approx) | —x | —x | 1.65x |
Zinka Logistics Solution (BlackBuck) Valuations
Earnings
- EPS Pre IPO
- -₹12.41/-
- EPS Post IPO
- ₹7.34/-
- P/E Pre IPO
- -22
- P/E Post IPO
- -37.2
Returns
- ROE
- 9.39%
- ROCE
- 1.50%
- RoNW
- 9.39%
Fundamentals
- Debt / Equity
- 0.47
- Price / Book
- 14.60
Zinka Logistics Solution (BlackBuck) Financials( In Crs.)
| 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 |
| Net Worth | 311.29 | 352.66 | 585.08 |
| Reserves & Surplus | 311.03 | 66.55 | 377.58 |
| Total Borrowing | 173.74 | 165.84 | 199.00 |
Zinka Logistics Solution (BlackBuck) Company & Offer Insights
About Zinka Logistics Solution (BlackBuck)
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) Promoter(s)
Rajesh Kumar Naidu Yabaji, Chanakya Hridaya, Ramasubramanian Balasubramaniam are the company's promoters of Zinka Logistics Solution (BlackBuck).
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
Zinka Logistics Solutions IPO, institutional investors buy Rs 501 crore in shares via anchor book.
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
Zinka Logistics Solution (BlackBuck) IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Zinka Logistics Solution Limited | -10.52 | -10.52 | 16.89 | N/A | -53.64 | N/A | Consolidated |
| C.E.Info Systems Ltd | 24.78 | 24.78 | 12.09 | 92.9 | 0.2 | N/A | Consolidated |
| Fleetcor Technologies Limited | 1118.83 | 1100.48 | 3678737.8 | 20.2 | 0.3 | N/A | Consolidated |
| Full Truck Alliance Co. Ltd | 0.83 | 0.83 | 19.76 | 804.77 | 0.06 | N/A | Consolidated |
Notes:
- The P/E Ratio for the listed industry peer has been computed based on the closing market price of equity shares on BSE for Indian peers and NYSE for International peers, as of June 28, 2024, divided by the diluted EPS for the respective year-end.
- Net asset value per share is calculated by dividing net worth as at the end of the period/year, as restated, by the weighted average number of equity shares post adjustment of bonus shares used in calculating EPS for the period/year.
Zinka Logistics Solution (BlackBuck) IPO - Strengths and Risks
Zinka Logistics Solution (BlackBuck) IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Zinka Logistics Solution (BlackBuck)
+91 8046481828
Vaswani Presidio, no. 84/2, II Floor, Panathur Main Road, Kadubeesanahalli, Off Outer Ring-Road, Bengaluru 560103
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Zinka Logistics Solution (BlackBuck) IPO is a book-built IPO worth ₹1114.72 crore. The price band is ₹259–₹273 per share. The IPO opens on Nov 13, 2024 and closes on Nov 18, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The price band of Zinka Logistics Solution (BlackBuck) IPO is ₹259 to ₹273 per share.
The lot size of Zinka Logistics Solution (BlackBuck) IPO is 54 shares.
The minimum investment for Zinka Logistics Solution (BlackBuck) IPO is approximately ₹14,742 based on the upper price band .
Zinka Logistics Solution (BlackBuck) IPO opens on Nov 13, 2024 and closes on Nov 18, 2024.
The allotment date of Zinka Logistics Solution (BlackBuck) IPO is Nov 19, 2024.
Zinka Logistics Solution (BlackBuck) IPO is expected to be listed on Nov 22, 2024, on BSE and NSE .
Zinka Logistics Solution (BlackBuck) IPO listed on Nov 22, 2024. It was issued at ₹280.9(NSE) and is currently around ₹548.00 as on 30-Apr-2026 3:30 PM, which is approximately 100.7% versus issue price. The 52-week high is ₹748.00.
Based on listing and post-listing performance, Zinka Logistics Solution (BlackBuck) IPO delivered around 100.7% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Zinka Logistics Solution (BlackBuck) IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Zinka Logistics Solution (BlackBuck) IPO valuation snapshot: P/E -37.2, EPS ₹7.34/-, P/B 14.60, RoNW 9.39%, and market cap N/A.
To apply for Zinka Logistics Solution (BlackBuck) IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Zinka Logistics Solution (BlackBuck) IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Zinka Logistics Solution (BlackBuck) IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Zinka Logistics Solution (BlackBuck) IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Zinka Logistics Solution (BlackBuck) IPO allotment status on IPO Ji for quick and easy access.