Zinka Logistics Solution IPO

Zinka Logistics Solution IPO opens for subscription on November 13, 2024 and closes on November 18, 2024. The allotment for the BlackBuck IPO is expected to be finalized on Tuesday, November 19, 2024. BlackBuck IPO will list on BSE, NSE with tentative listing date fixed as Thursday, November 21, 2024.

BlackBuck IPO price band is set at ₹259 to ₹273 per share. The minimum lot size for an application is 54 Shares. The minimum amount of investment required by retail investors is ₹14,742. The minimum lot size investment for sNII is 14 lots (756 shares), amounting to ₹206,388, and for bNII, it is 68 lots (3,672 shares), amounting to ₹1,002,456.

BlackBuck IPO is a book built issue of Rs 1,114.72 crores. The issue is a combination of fresh issue of 2.01 crore shares aggregating to Rs 550.00 crores and offer for sale of 2.07 crore shares aggregating to Rs 564.72 crores.

Zinka Logistics Solution Details

BlackBuck IPO Lot Size

Investors can bid for a minimum of 54 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

BlackBuck IPO Objectives

The company propose to utilise the Net Proceeds towards funding the following objects:

1. Funding towards sales and marketing costs;
2. Investment in Blackbuck Finserve Private Limited, its NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements;
3. Funding of expenditure about product development; and
4. General corporate purposes.

About Zinka Logistics Solution Limited

Founded in April 2015, Zinka Logistics Solution Limited offers a digital platform, the BlackBuck app, for truck operators. In the fiscal year 2024, 963,345 truck operators in the country conducted their business through the platform, representing 27.52% of all Indian truck operators.

Zinka Logistics Solution’s BlackBuck app is a platform that offers payments, telematics, a freight marketplace, and vehicle financing services to help truck operators achieve their goals efficiently.

As of March 31, 2024, the company had processed a Gross Transaction Value (GTV) of Rs. 173,961.93 million in payments.

As of March 31, 2024, the company had a monthly average of 356,050 active telematics devices and has facilitated 4,035 loans with a total value of Rs. 1,967.88 million.

As of March 31, 2024, the company offered vehicle financing to customers in 48 districts across seven states in India.

Competitive strength

• India’s largest platform for digital truck operators.
• A wide network of truck operators built over the nine years of its existence.
• New offerings to address market gaps and fulfil customer needs.
• A strong multi-channel sales network and an effective sales and service strategy promote customer acceptance.
• High-growth business with operational leverage and high profitability.
• Experienced management team.

As of March 31, 2024, the company had 4,289 employees

Zinka Logistics Solution Financial Information

BlackBuck IPO Reservation

BlackBuck IPO Timeline 

BlackBuck IPO opens on November 13, 2024, and closes on November 18, 2024.