Zinka Logistics IPO (BlackBuck) IPO
IPO Details
- Open Date
13 Nov 2024
- Close Date
18 Nov 2024
- IPO
Price Range
₹ 259 - ₹ 273
- IPO
Size
₹ 1114.72 Cr
- Listing Exchange
BSE, NSE
- Listing Date
22 Nov 2024
IPO Timeline
Zinka Logistics IPO (BlackBuck) IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 13-Nov-24 | 0.25 | 0.02 | 0.52 | 0.24 |
| 14-Nov-24 | 0.25 | 0.04 | 0.92 | 0.32 |
| 18-Nov-24 | 2.72 | 0.24 | 1.70 | 1.87 |
Last Updated: 21 November 2024 10:59 AM by 5Paisa
Zinka Logistics Solution (BlackBuck) IPO is set to open on 13 November 2024 and will close on 18 November 2024. Zinka Logistics Solution operates the BlackBuck app, a digital platform for India’s truck operators.
The IPO is a combination of a fresh issue of 2.01 Cr shares aggregating to ₹550 Cr and an offer for sale of 2.07 Cr shares aggregating to ₹564.72 Cr. The price range is set between ₹259 to ₹273 per share and the lot size is 54 shares.
The allotment is scheduled to be finalised on 19 November 2024. It will go public on BSE, NSE, with a tentative listing date of 22 November 2024.
Axis Capital Ltd, Morgan Stanley India Company Pvt Ltd, JM Financial Ltd and IIFL Securities Ltd are the book running lead managers while Kfin Technologies Ltd is the registrar.
Zinka Logistics (BlackBuck) IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹1,114.72 Cr |
| Offer For Sale | ₹550 Cr |
| Fresh Issue | ₹564.72 Cr |
Zinka Logistics (BlackBuck) IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 54 | 14,742 |
| Retail (Max) | 13 | 702 | 1,91,646 |
| S-HNI (Min) | 14 | 756 | 2,06,388 |
| S-HNI (Max) | 67 | 3,618 | 9,87,714 |
| B-HNI (Min) | 68 | 3,672 | 10,02,456 |
Zinka Logistics (BlackBuck) IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 2.72 | 1,22,42,611 | 3,32,68,698 | 908.235 |
| NII (HNI) | 0.24 | 61,21,305 | 14,87,916 | 40.620 |
| Retail | 1.70 | 40,80,870 | 69,27,012 | 189.107 |
| Employees | 9.86 | 26,000 | 2,56,392 | 7.000 |
| Total | 1.87 | 2,24,70,786 | 4,19,40,018 | 1,144.962 |
Zinka Logistics (BlackBuck) IPO Anchor Allocation
| Anchor Bid Date | 12 November, 2024 |
| Shares Offered | 18,363,915 |
| Anchor portion Size (In ₹ Cr.) | 501.33 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 19,2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 17, 2025 |
1. Funding towards sales and marketing costs.
2. Investment in Blackbuck Finserve Pvt Ltd it's NBFC subsidiary.
3. Funding of expenditure about product development.
4. General corporate purposes.
Founded in April 2015, Zinka Logistics Solution Limited operates the BlackBuck app, a digital platform for India’s truck operators. In FY24, 963,345 truck operators used BlackBuck, representing 27.52% of India’s total truck operators. BlackBuck offers services like payments, telematics, a freight marketplace, and vehicle financing, with a GTV of ₹173,961.93 million in payments processed by March 2024.
The platform also supported an average of 356,050 active telematics devices monthly and facilitated 4,035 loans totaling ₹1,967.88 million. Operating in 48 districts across seven states, Zinka’s competitive edge includes a vast network, high-growth potential, and experienced management.
Peers
C.E. Info Systems Ltd
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 316.51 | 195.09 | 156.13 |
| EBITDA | -138.78 | -213.08 | -197.74 |
| PAT | -193.95 | -290.50 | -284.56 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 654.32 | 654.25 | 899.68 |
| Share Capital | 0.01 | 0.01 | 0.01 |
| Total Borrowings | 173.74 | 165.84 | 199.00 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 44.55 | -119.18 | -78.16 |
| Net Cash Generated From / (used in) investing activities | 19.19 | 168.61 | -218.60 |
| Net Cash Generated From / (used in) financing activities | -13.82 | -36.92 | 282.09 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 49.92 | 12.51 | -14.68 |
Strengths
1. Largest digital platform for truck operators in India with extensive market reach.
2. Offers diverse services—payments, telematics, financing—addressing key needs of truck operators.
3. Significant Gross Transaction Value (GTV) growth, indicating strong operational performance.
4. Established multi-channel sales network boosting customer acquisition and engagement.
5. Experienced management team with a proven track record in logistics and technology.
Risks
1. Heavy reliance on India’s trucking sector for revenue may impact growth during downturns.
2. Intense competition in the digital logistics and financing market.
3. Regulatory changes could affect business operations and service offerings.
4. Credit risk associated with vehicle financing loans to truck operators.
5. Economic slowdowns could reduce demand for logistics services, impacting revenue.
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FAQs
Zinka Logistics Solution (BlackBuck) IPO opens from 13 November to 18 November 2024.
The size of Zinka Logistics Solution (BlackBuck) IPO is ₹1,114.72 Cr.
The price of Zinka Logistics Solution (BlackBuck) IPO is fixed at ₹259 to ₹273 per share.
To apply for Zinka Logistics Solution (BlackBuck) IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Zinka Logistics Solution (BlackBuck) IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Zinka Logistics Solution (BlackBuck) IPO is 54 shares and the investment required is ₹13,986.
The share allotment date of Zinka Logistics Solution (BlackBuck) IPO is 19 November 2024.
The Zinka Logistics Solution (BlackBuck) IPO will be listed on 22 November 2024.
Axis Capital Ltd, Morgan Stanley India Company Pvt Ltd, JM Financial Ltd and IIFL Securities Ltd are the book running lead managers for Zinka Logistics Solution (BlackBuck) IPO.
Zinka Logistics Solution (BlackBuck) plans to utilise the raised capital from the IPO for:
1. Funding towards sales and marketing costs.
2. Investment in Blackbuck Finserve Pvt Ltd it's NBFC subsidiary.
3. Funding of expenditure about product development.
4. General corporate purposes.
Contact Information
Zinka Logistics IPO (BlackBuck)
Zinka Logistics Solution Limited
Vaswani Presidio, no. 84/2,
II Floor, Panathur Main Road, Kadubeesanahalli,
Off Outer Ring-Road, Bengaluru 560103,
Phone: +91 8046481828
Email: cs@blackbuck.com
Website: https://www.blackbuck.com/
Zinka Logistics IPO (BlackBuck) IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: zinka.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Zinka Logistics IPO (BlackBuck) IPO Lead Manager
Axis Capital Limited
Morgan Stanley India Company Pvt Ltd
JM Financial Limited
IIFL Securities Ltd
