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11 Nov 2024
Zinka Logistics Solution Limited IPO (BlackBuck IPO), GMP, Details, Price, And Review
Founded in April 2015, Zinka Logistics Solution Limited operates the BlackBuck app, a digital platform designed for truck operators. In the fiscal year 2024, the platform facilitated the business operations of 963,345 truck operators, accounting for 27.52% of all truck operators in India.
The BlackBuck app offers a range of services, including payments, telematics, a freight marketplace, and vehicle financing, all aimed at helping truck operators streamline their operations and achieve greater efficiency in their business activities.
BlackBuck IPO Overview:
- ● Issue Size: ₹1,114.72 Crores
- ○ Fresh Issue: 2.01 crore shares (₹550.00 crores)
- ○ Offer for Sale: 2.07 crore shares (₹564.72 crores)
- ● IPO Opens: November 13, 2024
- ● IPO Closes: November 18, 2024
- ● Price Band: ₹259 to ₹273 per share
- ● Minimum Lot Size: 54 shares
- ● Lead Managers:
- ○ Axis Capital Limited
- ○ Morgan Stanley India Company Pvt Ltd
- ○ JM Financial Limited
- ○ IIFL Securities Ltd
- ● Registrar: Kfin Technologies Limited
- ● 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 fulfill 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.
- 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.
- 4. General corporate purposes.
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What is the Zinka Logistics (Blackbuck) IPO?
Blackbuck aka Zinka Logistics IPO is a main-board IPO. The company is going to raise ₹1,114.72 Crores via IPO. The issue is priced at ₹259 to ₹273 per equity share. The IPO is to be listed on BSE & NSE.
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When will the Blackbuck Services IPO open for subscription?
The IPO is to open on November 13, 2024 for QIB, NII, and Retail Investors. The IPO will close on November 18, 2024.
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What is Blackbuck Services IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
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What is Blackbuck Services IPO Issue Size?
Blackbuck Services IPO issue size is ₹1,114.72 crores.
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What is Blackbuck Services IPO Price Band?
Blackbuck Services IPO Price Band is ₹259 to ₹273.
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What is Blackbuck Services IPO Lot Size?
The minimum bid is 54 Shares with ₹14,742 amount.
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What is the Blackbuck Services IPO Allotment Date?
Blackbuck Services IPO allotment date is November 19, 2024.
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What is the Blackbuck Services IPO Listing Date?
Blackbuck Services IPO listing date is November 21, 2024. The IPO is to be listed on BSE & NSE.
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What is Blackbuck Services current GMP?
The current GMP of the Blackbuck Services is 24 (8.79%).
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
BlackBuck Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 11-11-2024 | 273 | 24 (8.79%) | 11-Nov-2024 14:50 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
BlackBuck IPO Overview
| Detail | Description |
|---|---|
| IPO Date | November 13, 2024 to November 18, 2024 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | ₹259 to ₹273 per share |
| Lot Size | 54 Shares |
| Total Issue Size | 40,832,320 shares (aggregating up to ₹1,114.72 Cr) |
| Fresh Issue | 20,146,520 shares (aggregating up to ₹550.00 Cr) |
| Offer for Sale | 20,685,800 shares of ₹1 (aggregating up to ₹564.72 Cr) |
| Employee Discount | Rs 25 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 156,330,160 |
| Shareholding post issue | 176,476,680 |
BlackBuck IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Wednesday, November 13, 2024 |
| IPO Close Date | Monday, November 18, 2024 |
| Basis of Allotment | Tuesday, November 19, 2024 |
| Initiation of Refunds | Wednesday, November 20, 2024 |
| Credit of Shares to Demat | Wednesday, November 20, 2024 |
| Listing Date | Thursday, November 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 18, 2024 |
BlackBuck IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 54 | ₹14,742 |
| Retail (Max) | 13 | 702 | ₹191,646 |
| S-HNI (Min) | 14 | 756 | ₹206,388 |
| S-HNI (Max) | 67 | 3,618 | ₹987,714 |
| B-HNI (Min) | 68 | 3,672 | ₹1,002,456 |
BlackBuck IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10.00% of Net Issue |
| NII (HNI) Shares Offered | Not more than 15.00% of the Net Issue |
BlackBuck IPO Promoter Holding
| Share Holding Pre Issue | 32.91% |
| Share Holding Post Issue | 27.84% |
Competitive Strength:
Zinka Logistics Solution Limited Financial Information
| Period Ended | 30 June 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 629.41 | 654.32 | 654.25 | 899.68 | ||||||||||||||||||||||||||||||||||||
| Revenue | 98.33 | 316.51 | 195.09 | 156.13 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 32.38 | -193.95 | -290.50 | -284.56 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 344.98 | 311.29 | 352.66 | 585.08 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 339.07 | 311.03 | 66.55 | 377.58 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 161.01 | 173.74 | 165.84 | 199.00 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.39% |
| ROCE | 1.50% |
| Debt/Equity | 0.47 |
| RoNW | 9.39% |
| P/BV | 14.6 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -12.41 | 7.34 |
| P/E (x) | -22 | 37.2 |
Objectives of BlackBuck IPO
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The company propose to utilize the Net Proceeds towards funding the following objectives:
FAQs for Blackbuck Services IPO
RHP:
RHP of Zinka Logistics Solution Limited IPO
DRHP:
DRHP of Zinka Logistics Solution Limited IPO
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