BlackBuck IPO Details | Zinka Logistics Solutions Private Limited IPO | Finance Fit

BlackBuck IPO Details | Zinka Logistics Solutions Private Limited IPO | Finance Fit

📌About BlackBuck IPO aka Zinka Logistics IPO

BlackBuck is launching a ₹1,114.72 crore IPO, which includes a fresh issue of 2.01 crore shares worth ₹550 crore and an offer for sale of 2.07 crore shares worth ₹564.72 crore. The IPO will be open for subscription from November 13 to November 18, 2024, with allotment expected on November 19 and listing on BSE and NSE around November 21.

The share price ranges from ₹259 to ₹273. Retail investors can apply for a minimum of 54 shares, requiring an investment of ₹14,742. Small non-institutional investors (sNII) need to invest in 14 lots (756 shares) totaling ₹2,06,388, while large non-institutional investors (bNII) must invest in 68 lots (3,672 shares) amounting to ₹10,02,456. Additionally, up to 26,000 shares are reserved for employees at a ₹25 discount per share.

The IPO is managed by Axis Capital, Morgan Stanley India, JM Financial, and IIFL Securities, with Kfin Technologies serving as the registrar.

📌About Zinka Logistics Solutions Private Limited

Founded in 2015, Zinka Logistics (BlackBuck) operates a digital platform for truck operators, used by 963,345 operators in India, covering 27.52% of the market. Through the BlackBuck app, it provides services like payments, telematics, a freight marketplace, and vehicle financing to help truck operators operate more efficiently.

As of March 31, 2024, BlackBuck processed payments worth ₹173,961.93 million, had an average of 356,050 active telematics devices monthly, and provided 4,035 loans totaling ₹1,967.88 million. Vehicle financing is available across 48 districts in seven states.

Its strengths include being India’s largest digital truck operator platform, a vast network, innovative services, a strong sales network, growth potential, and an experienced team of 4,289 employees.

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