The BlackBuck IPO is structured as a book-built issue. It consists of a fresh issue amounting to Rs 550.00 crore and an offer for sale of 2.16 crore shares.
The dates for the BlackBuck IPO are yet to be announced.
The price bands for the BlackBuck IPO are yet to be announced.
Get the BlackBuck IPO DRHP for detailed information.
| IPO Date | November 13, 2024 to November 18, 2024 |
| Listing Date | November 21, 2024 |
| Face Value | ₹ 1 / Share |
| Price Band | ₹ 259 to ₹ 273 / Share |
| Lot Size | 54 Shares |
| Total Issue Size | ₹1,114.72 Cr |
| Fresh Issue | ₹550.00 Cr |
| Offer for Sale | ₹564.72 Cr |
| Employee Discount | ₹25 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 156,330,160 |
| Share holding post issue | 176,476,680 |
| Market Maker portion |
BlackBuck IPO opens on November 13, 2024, and closes on November 18, 2024.
| IPO Open Date | November 13, 2024 |
| IPO Close Date | November 18, 2024 |
| Basis of Allotment | November 19, 2024 |
| Initiation of Refunds | November 20, 2024 |
| Credit of Shares to Demat | November 20, 2024 |
| Listing Date | November 21, 2024 |
| Cut-off time for UPI mandate confirmation | November 18, 2024 |
A minimum of 54 shares can be bid for by investors, and bids can be made in multiples of this amount. The minimum and maximum investment by retail investors and HNIs, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 54 | Rs.14,742 |
| Retail (Max) | 13 | 702 | Rs.191,646 |
| S-HNI (Min) | 14 | 756 | Rs.206,388 |
| S-HNI (Max) | 67 | 3,618 | Rs.987,714 |
| B-HNI (Min) | 68 | 3,672 | Rs.1,002,456 |
| HNI (Min) |
| Share Holding Pre Issue | 87.18% |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not less than 75% of the Net Issue |
|
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 10.00% of Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Zinka Logistics Solution Limited, founded in April 2015, is recognized as a digital platform for truck operators. In fiscal year 2024, the platform was used by 963,345 truck operators in the country, representing 27.52% of India's total truck operators.
The BlackBuck App is recognized as a platform that offers payments, telematics, a load marketplace, and vehicle financing services, aiming to empower truck operators to achieve their goals efficiently.
As of March 31, 2024, a gross transaction value (GTV) of Rs 173,961.93 million in payments had been processed by the company.
As of March 31, 2024, an average of 356,050 active telematics devices were in use monthly by the company.
As of March 31, 2024, a total of 4,035 loans amounting to Rs 1,967.88 million had been facilitated by the company.
As of March 31, 2024, vehicle financing is provided by the company to customers in 48 districts across seven states in India.
India's largest platform for digital truck operators is provided by the company.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | |
| Debt/Equity | |
| RoNW | |
| P/BV | |
| PAT Margin (%) |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -12.41 | -10.99 |
| P/E (x) | -22 | -24.84 |
The Net Proceeds are proposed to be utilized by the company towards funding the following objectives:
Zinka Logistics Solution Limited (BlackBuck) 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/ |
Phone: 04067162222, 04079611000 Email: zinka.ipo@kfintech.com |
Lamfindia specializes in offering innovative financial solutions, including stock broker services, mutual fund investments, and IPO guidance.