BlackBuck IPO (Zinka Logistics Solution Limited IPO)
BlackBuck IPO open for bidding on 13th November 2024 and ends on 18th November 2024.
Zinka Logistics Solutions Limited is a technology-driven logistics company focused on transforming India’s trucking industry through digital solutions. Founded in 2015 and based in Bengaluru, Karnataka, the company operates under the brand name BlackBuck. By leveraging data analytics and innovative technology, BlackBuck connects truck owners and operators with freight across the country, providing real-time tracking, route optimization, and enhanced supply chain management.
Zinka’s business model prioritizes efficiency and transparency in the logistics ecosystem. Through its digital platform, the company enables better asset utilization, reduces operational costs, and helps clients improve delivery timelines. It supports a wide range of industries including FMCG, e-commerce, and manufacturing, catering to diverse freight needs with customized solutions.
For more details refer to BlackBuck IPO RHP and BlackBuck IPO Pulse Score
BlackBuck IPO Details
| IPO Date | 13th November 2024 to 18th November 2024 |
| Listing Date | 22nd November 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹259 to ₹273 per share |
| Lot Size | 54 Shares |
| Total Issue Size | 4,09,31,185 shares (aggregating up to ₹1,114.72 Cr) |
| Fresh Issue | 2,02,45,385 shares (aggregating up to ₹550.00 Cr) |
| Offer for Sale | 2,06,85,800 shares of ₹1 (aggregating up to ₹564.72 Cr) |
| Employee Discount | ₹25 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 1,83,63,915(44.9%) |
| QIB | 1,20,66,813(29.5%) |
| NII | 62,84,674(15.4%) |
| bNII | 41,89,783(10.2%) |
| sNII | 20,94,891(5.1%) |
| Retail | 41,89,783(10.2%) |
| Employees | 26,000(0.06%) |
| Total | 4,09,31,185(100%) |
BlackBuck IPO Timeline
| IPO Open | 13th November 2024 |
| IPO Close | 18th November 2024 |
| Basis Of Allotment | 19th November 2024 |
| Initiation of Refunds | 20th November 2024 |
| Credit of Shares to Demat | 20th November 2024 |
| Listing Date | 22nd November 2024 |
Fundamentals
Data as of 30th June 2024
| Market Cap | ₹4,817.81 Cr | P/E Ratio- Pre IPO | -22 |
| RoNW* | 9.39% | P/E Ratio- Post IPO | 37.2 |
| RoCE* | 1.50% | P/B Ratio | 14.6 |
| Debt to Equity | 0.47 | PAT Margin |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for June 2024. RoCE and RoNW are for three months period ended June 30, 2024
BlackBuck IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Funding towards sales and marketing costs;
- Investment in Blackbuck Finserve Private Limited, the NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements;
- Funding of expenditure in relation to product development; and
- General corporate purposes.
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