Through the Initial Public Offering, Zinka Logistics Solutions Limited has set a price band of ₹259 and ₹273 per share with a face value of ₹1 each. The Zinka Logistics IPO subscription date is November 13 and will close on November 18. The allocation of shares to anchor investors for the Zinka Logistics IPO is planned for Tuesday, November 12. The Blackbuck Services IPO minimum market lot is 54 shares with ₹14,742 application amount. Retail investors can apply for up to 13 lots with 702 shares or ₹191,646.
Zinka Logistics IPO Details:
The offering includes a fresh issue of shares worth Rs 550 crore, along with an offer for sale (OFS) from the selling shareholders, releasing up to 2,06,85,800 (20.69 million) shares. At the top end of the price range, these shares are valued at Rs 564.72 crore. The total issue size will be around Rs 1114.72 crore. The retail quota is 10%, QIB is 75%, and HNI is 15% as per DRHP.
Zinka Logistics IPO Dates and Schedule:
The Blackbuck Services IPO date is November 13, 2024, and the close date is November 18, 2024. The Blackbuck Services IPO allotment will be finalized on November 19, 2024, and the IPO listing on November 21, 2024.
About Zinka Logistics:
Founded in 2015 and based in Bengaluru, Zinka Logistics has emerged as the largest platform linking truckers and shippers, optimizing business operations across India. Through its innovative app the “BlackBuck App”, users can effortlessly create and fulfill orders, make calls for confirmation, and keep the work moving smoothly. With a solid team of promoters, a well-respected client portfolio, moderate concentration, and a robust liquidity position, Zinka Logistics is positioned for growth. With their Blackbuck app, users can efficiently plan their route by finding full truckloads through GPS-enabled tracking. Operating in over 300 locations, the app helps you browse and book loads daily at affordable prices.
Zinka Logistics IPO GMP Movement:
As of November 8, 2024, the Zinka Logistics IPO GMP is ₹0. The price band of Zinka Logistics is ₹259 and ₹273.
Zinka Logistics IPO is to be listed as premium as per the market speculations and the grey market indicates that still there is a chance for the grey market to move up and down. Investors should look closely at the daily updates of Zinka Logistics IPO GMP at the IPO Watch portal or our IPOWatch App available on the Google Play Store.
Zinka Logistics IPO Company Financials:
The company reported revenue of ₹316.51 crores in 2024 against ₹195.09 crores in 2023. The company reported a loss of ₹193.95 crores in 2024 against a loss of ₹290.5 crores in 2023.
Zinka Logistics IPO Objectives of the Issue:
The company proposes the following 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.
Peer Group:
C.E. Info Systems Ltd is the peer group of Zinka Logistics, the EPS is 24.78, and 92.90 is price-to-earning. The return on Net worth of IRCON International Limited is 0.20 and the net asset value is 12.09.
Company Promoters:
The promoters of Zinka Logistics Solution Limited are Rajesh Kumar Naidu Yabaji, Chanakya Hridaya, and Ramasubramanian Balasubramaniam.
Lead Managers and Registrar:
Axis Capital Limited, Morgan Stanley India Company Pvt Ltd, Jm Financial Limited, and Iifl Securities Ltd are the lead managers of Zinka Logistics, and Kfin Technologies Limited is the registrar for the issue.
