Blackbuck IPO (Zinka Logistics) Details: The Zinka Logistics (Blackbuck) IPO is set to open on November 13, 2024, and will close on November 18, 2024. This IPO is structured as a Book Built Issue, aiming to raise approximately ₹1,114.72 crores, which includes a fresh issue worth ₹550.00 crores and an offer for sale of up to 20,685,800 equity shares with a face value of ₹1 each.
The price band for the Blackbuck Services IPO is set at ₹259 to ₹273 per share, with a retail quota of 10%, a QIB allocation of 75%, and an HNI quota of 15%. The shares are scheduled for listing on the BSE and NSE on November 21, 2024, with allotments expected by November 19, 2024.
In terms of financial performance, the company reported revenue of ₹316.51 crores for 2024, up from ₹195.09 crores in 2023. The reported net loss has narrowed from ₹290.5 crores in 2023 to ₹193.95 crores in 2024. Given these financials, this IPO may appeal to investors considering a long-term holding.
Blackbuck IPO (Zinka Logistics) Objectives:
- Funding towards sales and marketing costs;
- Investment in Blackbuck Finserve Private Limited, its NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements;
- Funding of expenditure about product development; and
- General corporate purposes.
Blackbuck IPO (Zinka Logistics) Review (Apply or Not)
- May Apply
Blackbuck IPO (Zinka Logistics) Date & Price Band Details:
| IPO Open Date: | November 13, 2024 |
| IPO Close Date: | November 18, 2024 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹259 to ₹273 Per Share |
| Issue Size: | Approx ₹1,114.72 Crores |
| Fresh Issue: | Approx ₹550 Crores |
| Offer for Sale: | Approx 20,685,800 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Blackbuck IPO (Zinka Logistics) Lot Size:
The minimum lot size for the Blackbuck Services IPO is 54 shares, requiring an application amount of ₹14,742. Retail investors can apply for up to 13 lots, which totals 702 shares or an investment of ₹191,646.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 54 | ₹14,742 |
| Retail Maximum | 13 | 702 | ₹191,646 |
| S-HNI Minimum | 14 | 756 | ₹206,388 |
| B-HNI Minimum | 68 | 3,672 | ₹1,002,456 |
Blackbuck IPO (Zinka Logistics) Timeline:
The Blackbuck Services IPO opens on November 13, 2024, and closes on November 18, 2024. The allotment of shares will be finalized on November 19, 2024, with the IPO expected to list on November 21, 2024.
| IPO Open Date: | November 13, 2024 |
| IPO Close Date: | November 18, 2024 |
| Basis of Allotment: | November 19, 2024 |
| Refunds: | November 20, 2024 |
| Credit to Demat Account: | November 20, 2024 |
| IPO Listing Date: | November 21, 2024 |
Blackbuck IPO (Zinka Logistics) GMP Today:
The latest Grey Market Premium (GMP) for the BlackBuck-Zinka Logistics IPO is ₹0Promoters of the Blackbuck IPO
Promoters of the Blackbuck IPO
The Blackbuck IPO is promoted by Rajesh Kumar Naidu Yabaji, Chanakya Hridaya, and Ramasubramanian Balasubramaniam.
About Zinka Logistics (Blackbuck)
Founded in 2015 and based in Bengaluru, Blackbuck has become India’s largest platform connecting truckers and shippers, helping them manage their operations efficiently. Through its application, users can create and fulfill orders, with features for call-based order confirmations for seamless transactions. The company’s financial performance is strong, with a 62% increase in revenue over the past year. Key strengths include experienced promoters, a skilled management team, a reputable client base, moderate concentration, and sound liquidity. The upcoming IPO will consist of a fresh issue worth ₹550 crore and an offer for sale of 2.16 crore shares.
With a price band capped at ₹273, the estimated listing price is ₹273 (cap price + current GMP). This suggests an expected percentage change per share of 0.00%.
Blackbuck IPO Company Financial Report
The company reported revenue of ₹316.51 crores in 2024 against ₹195.09 crore in 2023. The company reported loss of ₹193.95 crores in 2024 against loss of ₹290.5 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹156.13 | ₹386.24 | ₹284.56 | ₹899.68 |
| 2023 | ₹195.09 | ₹431.77 | ₹290.5 | ₹654.25 |
| 2024 | ₹316.51 | ₹483.42 | ₹193.95 | ₹654.32 |
Blackbuck IPO Valuation – FY2024
Check Blackbuck Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | NA |
| Earning Per Share (EPS): | –₹10.52 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | –53.64% |
| Net Asset Value (NAV): | ₹16.89 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| C.E. Info Systems Ltd | 24.78 | 92.90 | 0.20 | 12.09 | – Cr. |
Blackbuck Services IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: zinka.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- Morgan Stanley India Company Pvt Ltd
- Jm Financial Limited
- Iifl Securities Ltd
Company Address
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/
Blackbuck Services IPO FAQs
What is the Zinka Logistics (Blackbuck) IPO?
The Blackbuck, or Zinka Logistics, IPO is a main-board IPO through which the company aims to raise ₹1,114.72 crore. The shares are priced between ₹259 and ₹273 per equity share, and the IPO will be listed on the BSE and NSE.
When will the Blackbuck Services IPO open for subscription?
The IPO opens on November 13, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors, and closes on November 18, 2024.
What is the investor allocation for the Blackbuck Services IPO?
The allocation for QIBs is 75%, for NIIs 15%, and for retail investors 10%.
How can I apply for the Blackbuck Services IPO?
You can apply online via ASBA through your bank account or UPI through your stock broker’s platform. Offline applications can also be made through stock brokers by submitting a filled form.
What is the issue size of the Blackbuck Services IPO?
The total issue size for the Blackbuck Services IPO is ₹1,114.72 crore.
What is the price band for the Blackbuck Services IPO?
The price band for this IPO is set at ₹259 to ₹273 per share.
What is the lot size for the Blackbuck Services IPO?
The minimum bid is for 54 shares, amounting to ₹14,742.
What is the allotment date for the Blackbuck Services IPO?
The allotment date for the Blackbuck Services IPO is November 19, 2024.
When will the Blackbuck Services IPO be listed?
The listing date is set for November 21, 2024, on the BSE and NSE.
