Zinka Logistics (BlackBuck) IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 13 Nov 2024
Close Date
Mon, 18 Nov 2024
Price Band
₹ 259 – 273
Lot Size
54
Issue Size
₹ 1,114.72 Cr
Minimum Investment
₹ 14,742 (54 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Zinka Logistics (BlackBuck) IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹1,114.72 Crore, comprising a fresh issue of 2.01 Crore equity shares aggregating to ₹550.00 Crore and an offer for sale (OFS) of 2.07 Crore equity shares aggregating to ₹564.72 Crore by the existing shareholders.
The Zinka Logistics (BlackBuck) IPO remained open for subscription from November 13, 2024, to November 18, 2024. The basis of allotment was finalized on November 19, 2024, and the company's shares were listed on the NSE and BSE on November 21, 2024.
The company had fixed the price band at ₹259 to ₹273 per share, with a lot size of 54 shares. Retail investors were required to make a minimum investment of ₹14,742 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 26,000 equity shares for eligible employees, who received a discount of ₹25 per share.
KFin Technologies Limited served as the registrar to the issue. Axis Capital Limited, Morgan Stanley India Company Private Limited, JM Financial Limited, and IIFL Capital Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Zinka Logistics Solution Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Zinka Logistics (BlackBuck) IPO Timeline (Tentative)
- IPO Open Date
- Wed, 13 Nov 24
- IPO Close Date
- Mon, 18 Nov 24
- Basis of Allotment
- Tue, 19 Nov 24
- Initiation of Refunds
- Wed, 20 Nov 24
- Credit of Shares to Demat
- Wed, 20 Nov 24
- Listing Date
- Thu, 21 Nov 24 — NSE & BSE
Open Date
13 November 2024
Close Date
18 November 2024
Basis Of Allotment
19 November 2024
Listing Date
21 November 2024
IPO Subscription
Check Live Subscription →The Zinka Logistics (BlackBuck) IPO has received bids for 4,19,57,676 shares against 2,25,67,270 shares offered, resulting in an overall subscription of 1.86x. the NII category is subscribed 0.24x, Retail Investors 1.66x, Employees 9.88x, and QIBs 2.76x. Within the NII category, BNII is subscribed 0.18x, while SNII is subscribed 0.36x.
QIB
2.76x
NII
0.24x
BNII
0.18x
SNII
0.36x
RII
1.66x
EMP
9.88x
Total
1.86x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 41,89,783 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 1,20,66,813 shares (0%), while Non-Institutional Investors (NIIs) receive 62,84,674 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 18,363,915 | 0% |
| Qualified Institutions | 12,066,813 | 0% |
| Non-Institutional | 6,284,674 | 0% |
| BNII | 4,189,783 | 0% |
| SNII | 2,094,891 | 0% |
| Retail Investors | 4,189,783 | 0% |
| Employees | 26,000 | 0% |
| Total | 40,931,185 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Zinka Logistics Solution Limited KPI Information
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 9.39 |
| ROCE % | 1.5 |
| Debt / Equity | 0.47 |
| RoNW % | 9.39 |
| Pat Margin % | 16.16 |
Peers Comparison
No Peer Comparision Available
About Zinka Logistics Solution Limited
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.
Zinka Logistics (BlackBuck) IPO Promoters
- Rajesh Kumar Naidu Yabaji
- Chanakya Hridaya
- Ramasubramanian Balasubramaniam
Promoters Holding
Holding Pre Issue
32.91%
Holding Post Issue
27.84%
Zinka Logistics (BlackBuck) IPO Objective
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.
Zinka Logistics Solution Limited Address / Contact Details
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
Zinka Logistics (BlackBuck) IPO Lot Size
The Zinka Logistics (BlackBuck) IPO has a lot size of 54 shares. Retail investors require a minimum investment of ₹14,742 by applying for 1 lot (54 shares). The maximum application allowed for the retail category is 13 lots (702 shares), requiring an investment of ₹1,91,646.
| 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 |
Issue Reservation
Book Running Lead Managers
- Axis Capital Limited
- Morgan Stanley India Company Private Limited
- JM Financial Limited
- IIFL Capital Services Limited
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Zinka Logistics (BlackBuck) IPO?
Zinka Logistics (BlackBuck) IPO is a Book-building IPO with a total issue size of ₹1114.72 crore. The Zinka Logistics (BlackBuck) IPO price band is ₹259 to 273 per share. The Zinka Logistics (BlackBuck) IPO subscription opens on Wed, Nov 13, 2024, and closes on Mon, Nov 18, 2024. The Zinka Logistics (BlackBuck) IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Zinka Logistics (BlackBuck) IPO.
When will the Zinka Logistics (BlackBuck) IPO open for subscription?
The Zinka Logistics (BlackBuck) IPO opens on Wed, Nov 13, 2024 and closes on Mon, Nov 18, 2024
What is Zinka Logistics (BlackBuck) IPO Price Band?
Zinka Logistics (BlackBuck) IPO Price Band is ₹259 to 273 per share.
What is Zinka Logistics (BlackBuck) IPO Lot Size?
Zinka Logistics (BlackBuck) IPO lot size is 54 shares, Retail investors need a minimum investment of ₹14742 based on the upper price band
What is the minimum investment for Zinka Logistics (BlackBuck) IPO?
The minimum investment for Zinka Logistics (BlackBuck) IPO is ₹14742, based on one lot of 54 shares at the upper price band of ₹273 per share.
How to apply for Zinka Logistics (BlackBuck) IPO?
Investors can apply for the Zinka Logistics (BlackBuck) IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Nov 18, 2024. The application amount remains blocked until the Zinka Logistics (BlackBuck) IPO allotment is finalized.
What is Zinka Logistics (BlackBuck) IPO Issue Size?
Zinka Logistics (BlackBuck) IPO issue size is ₹1114.72 crores.
What is the Zinka Logistics (BlackBuck) IPO Allotment Date?
Zinka Logistics (BlackBuck) IPO allotment date is Tue, Nov 19, 2024.
Who is the Zinka Logistics (BlackBuck) IPO Registrar?
The registrar for Zinka Logistics (BlackBuck) IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Zinka Logistics (BlackBuck) IPO allotment status, refund processing, and other IPO-related information.
What is the Zinka Logistics (BlackBuck) IPO GMP?
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 8.79% over the issue price.
Who is the Zinka Logistics (BlackBuck) IPO Lead Manager?
The book-running lead managers (BRLMs) for the Zinka Logistics (BlackBuck) IPO are Axis Capital Limited, Morgan Stanley India Company Private Limited, JM Financial Limited, and IIFL Capital Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Zinka Logistics (BlackBuck) IPO Red Herring Prospectus (RHP).