Zinka Logistics (BlackBuck) IPO
Open MainLineCurrent GMP
₹24 (+8.79%)
Price Band
₹ 259 – 273
Lot Size
54
Issue Size
₹1114.72 Cr
Minimum Investment
₹14742 (54 Shares)
Listing Date
21 November 2024
Subscription
1.86x
About the Company
Zinka Logistics Solution Limited (BlackBuck) is India’s largest digital platform for truck operators, with over 963,000 truck operators transacting on its platform in fiscal year 2024. This accounts for approximately 27.5% of India’s truck operators. The company aims to address inefficiencies in the fragmented logistics sector by offering a range of digital tools that empower small and medium-sized truck operators. BlackBuck provides solutions for managing business operations, improving financial management, and increasing income potential for truck operators.
Key Highlights:
- Gross Transaction Value (GTV): In fiscal 2024, BlackBuck processed ₹173,961.93 million in payments, primarily through tolling and fueling management services.
- Telematics: The platform supports fleet management with 356,050 active telematics devices, enabling vehicle tracking and fuel monitoring.
- Load Marketplace: BlackBuck’s marketplace had 2.12 million load postings in fiscal 2024, helping 256,685 truck operators find loads to optimize their operations.
- Financing: The platform facilitated 4,035 loans for the purchase of used commercial vehicles, amounting to ₹1,967.88 million.
User Engagement:
- Monthly transacting truck operators were active for an average of 16.18 days per month and spent 39.56 minutes daily on the BlackBuck app in fiscal 2024.
Customer Onboarding & Service:
- BlackBuck uses an omnichannel approach, combining digital marketing, on-ground sales, channel partners, and telesales for onboarding and servicing customers.
- The company operates across 628 districts, covering 80% of India’s districts, including major transportation hubs and toll plaza networks, with a network of 9,395 touchpoints, making it the largest physical network among digital platforms in the sector.
BlackBuck’s mission is to digitally empower truck operators, improve operational efficiency, and increase earnings through its comprehensive digital ecosystem, including payment management, fleet tracking, load sourcing, and financing services.
Promoters
- Rajesh Kumar Naidu Yabaji
- Chanakya Hridaya
- Ramasubramanian Balasubramaniam
Promoters Holding
Holding Pre Issue
32.91%
Holding Post Issue
27.84%
Objects of the Issue
The company propose to utilise the Net Proceeds towards funding the following objects:
- 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.
Address / Contact Info
Zinka Logistics Solution Limited
Vaswani Presidio, no. 84/2, II Floor,
Panathur Main Road, Kadubeesanahalli,
Off Outer Ring Road,Bengaluru 560103,
Karnataka
Phone: +91 8046481828
Email: cs@blackbuck.com
Website: https://www.blackbuck.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 13 November 2024
IPO Close Date
Monday, 18 November 2024
Basis of Allotment
Tuesday, 19 November 2024
Initiation of Refunds
Wednesday, 20 November 2024
Credit of Shares to Demat
Wednesday, 20 November 2024
Listing Date
Thursday, 21 November 2024 — NSE & BSE
Important Dates
Open Date
13 November 2024
Close Date
18 November 2024
Basis Of Allotment
19 November 2024
Listing Date
21 November 2024
Financial Performance (₹ in Crores)
| Particular | 30 June 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 629.4 | 654.32 | 654.25 | 899.68 |
| Revenue | 98.33 | 316.51 | 195.09 | 156.13 |
| Profit After Tax | 28.62 | -193.95 | -290.5 | -284.56 |
| Net Worth | 344.98 | 311.29 | 352.66 | 585.08 |
| Reserve & Surplus | 339.06 | 311.03 | 66.55 | 377.58 |
| Total Borrowings | 161.01 | 173.74 | 165.84 | 199 |
EPS Pre
-12.41%
EPS Post
7.34%
P/E Pre
-22.00
P/E (Post Issue)
37.20x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 9.39 |
| ROCE % | 1.5 |
| Debt / Equity | 0.47 |
| RoNW % | 9.39 |
| PbW | 0 |
| Pat Margin % | 16.16 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 18363915 | 0 | 0 |
| Qualified Institutions | 12066813 | 0 | 0 |
| Non-Institutional | 6284674 | 0 | 0 |
| BNII | 4189783 | 0 | 0 |
| SNII | 2094891 | 0 | 0 |
| Retail Investors | 4189783 | 0 | 0 |
| Employees | 26000 | 0 | 0 |
| Total | 40931185 | 0 | 0 |
Subscription Status ( Mon, 18 Nov 24 01:22 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 12066813 | 33268698 | 2.76x |
| Non-Institutional | 6284674 | 1490292 | 0.24x |
| BNII | 4189783 | 740826 | 0.18x |
| SNII | 2094891 | 749466 | 0.36x |
| Retail Investors | 4189783 | 6941808 | 1.66x |
| Employees | 26000 | 256878 | 9.88x |
| Total | 22567270 | 41957676 | 1.86x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 54 | 14,742.00 |
| Retail (Max) | 13 | 702 | 191,646.00 |
| S-HNI (Min) | 14 | 756 | 206,388.00 |
| S-HNI (Max) | 67 | 3,618 | 987,714.00 |
| B-HNI (Min) | 68 | 3,672 | 1,002,456.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Axis Capital Limited
- Morgan Stanley India Company Private Limited
- JM Financial Limited
- IIFL Capital Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Zinka Logistics (BlackBuck) IPO is a Book-building IPO worth ₹1114.72 crores. The price band is ₹259 to 273 per share. The IPO opens on Wed, Nov 13, 2024 and closes on Mon, Nov 18, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Zinka Logistics (BlackBuck) IPO opens on Wed, Nov 13, 2024 and closes on Mon, Nov 18, 2024
Zinka Logistics (BlackBuck) IPO Price Band is ₹259 to 273.
Zinka Logistics (BlackBuck) IPO lot size is 54, and the minimum amount required for application is ₹14742.
The minimum investment for Zinka Logistics (BlackBuck) IPO is approximately ₹14742 based on the upper price band.
To apply for the Zinka Logistics (BlackBuck) IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Nov 18, 2024. After submission, funds are blocked until the basis of allotment of Zinka Logistics (BlackBuck) IPO is finalised.
Zinka Logistics (BlackBuck) IPO issue size is ₹1114.72 crores.
Zinka Logistics (BlackBuck) IPO allotment date is Sat, Jun 27, 2026.
The registrar for Zinka Logistics (BlackBuck) IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Zinka Logistics (BlackBuck) IPO through their official website or helpline.
The Zinka Logistics (BlackBuck) IPO GMP (Grey Market Premium) is ₹24 as of Mon, Nov 11, 2024. Based on the upper price band of ₹273 per share, the estimated Zinka Logistics (BlackBuck) IPO listing price is ₹297, indicating a potential listing gain of approximately 31% over the issue price.