Zinka Logistics (BlackBuck) IPO Details
The Zinka Logistics (BlackBuck) IPO is a book build issue with a total issue size of ₹1114.72 cr, comprising of fresh issue of 20146520 equity shares., and a offer for sale of 20685800 equity shares. Zinka Logistics (BlackBuck) IPO opened for subscription on Nov 13, 2024 and closed on Nov 18, 2024. Zinka Logistics (BlackBuck) IPO is set price band at ₹259 to ₹273 per share, with a lot size of 54 shares. Minimum investment for Retail investors was ₹14,742.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Nov 19, 2024, and listed on both the NSE and BSE on Nov 21, 2024.
Kfin Technologies Limited has been appointed as the registrar. Axis Capital Limited, Morgan Stanley India Company Private Limited, JM Financial Limited and IIFL Capital Services Limited are the Book Running Lead Manager for the issue.
Before investing in the Zinka Logistics (BlackBuck) IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 259 – 273
- Lot Size
- 54
- Issue Size
- ₹1114.72 Cr
- Minimum Investment
- ₹14742 (54 Shares)
- Listing Date
- 21 November 2024
Current GMP
₹24 (+8.79%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- Axis Capital Limited
- Morgan Stanley India Company Private Limited
- JM Financial Limited
- IIFL Capital Services Limited
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 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.
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 per share.
Zinka Logistics (BlackBuck) IPO lot size is 54 shares, Retail investors need a minimum investment of ₹14742 based on the upper price band
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.
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.
Zinka Logistics (BlackBuck) IPO issue size is ₹1114.72 crores.
Zinka Logistics (BlackBuck) IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.