Zinka Logistics Solution Limited is a digital platform for truck operators. In fiscal year 2024, 9,63,345 truck operators in the country transacted on the platform, representing 27.52% of India’s total truck operators.
The BlackBuck App is a platform offering payments, telematics, a load marketplace, and vehicle financing services to empower truck operators to achieve their goals efficiently.
As of March 31, 2024, the company had processed a gross transaction value (GTV) of Rs 173,961.93 million in payments. As of March 31, 2024, the company had 356,050 active telematics devices on average monthly.
As of March 31, 2024, the company has facilitated 4,035 loans totaling Rs 1,967.88 million. As of March 31, 2024, the company provides vehicle financing to customers in 48 districts across seven states in India.
As of March 31 2024, the company’s workforce consists of 4,289 people.
Zinka Logistics Solution IPO – Details
| IPO Opening Date | 13 November 2024 |
| IPO Closing Date | 18 November 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 4,08,32,320 Shares Worth ₹1,114.72 Crore Fresh Issue: 2,01,46,520 Shares Worth ₹550.00 Crore Offer For Sale: 2,06,85,800 Shares Worth ₹564.72 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹259 – ₹273 per share |
| Market Lot | 54 Shares |
| Min Order | 54 Shares (1 Lot) |
| Employee Discount | ₹25 |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Zinka Logistics Solution IPO – Date Schedule
| IPO Open Date | 13 November 2024 |
| IPO Close Date | 18 November 2024 |
| Basis of Allotment | 19 November 2024 |
| Initiation of Refund | 20 November 2024 |
| Credit of Shares to Demat Account | 20 November 2024 |
| IPO Listing Date | 22 November 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 18, 2024 |
Zinka Logistics Solution IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 54 | ₹14,742 |
| Retail (Max) | 13 | 702 | ₹1,91,646 |
| S-HNI (Min) | 14 | 756 | ₹2,06,388 |
| S-HNI (Max) | 67 | 3,618 | ₹9,87,714 |
| B-HNI (Min) | 68 | 3,672 | ₹10,02,456 |
Competitive Strengths
- India’s largest platform for digital truck operators.
- A broad network of truck operators established over nine years of operation.
- New Offerings to fill the market gap and fulfil customer needs.
- A strong multichannel distribution network and an effective sales and service strategy drive customer adoption.
- High-growth business with operating leverage and strong unit economics.
- Experienced Management team.
Company Promoters
- Rajesh Kumar Naidu Yabaji
- Chanakya Hridaya
- Ramasubramanian Balasubramaniam
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 156.12 | 386.23 | -284.56 | 199.00 |
| 31 March 2023 | 195.09 | 431.77 | -290.49 | 165.83 |
| 31 March 2024 | 316.51 | 483.42 | -193.94 | 173.73 |
| 30 June 2024 | 98.33 | 91.52 | 28.67 | 161.01 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.39% |
| ROCE | 1.50% |
| Debt/Equity | 0.47 |
| RoNW | 9.39% |
| P/BV | 14.6 |
| Pre IPO | Post IPO | |
| EPS (Rs) | -12.41 | 7.34 |
| P/E (x) | -22.00 | 37.2 |
Object Of The Issue
- 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.
Zinka Logistics Solution IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | C.E. Info Systems Ltd | 92.90 |
Zinka Logistics Solution IPO Promoter Holding
| Pre Issue Share Holding | 34.27% |
| Post Issue Share Holding | 27.85% |
Zinka Logistics Solution IPO Prospectus
Company Contact Information
| 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/ |
Zinka Logistics Solution IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: zinka.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Zinka Logistics Solution IPO Lead Manager(s)
| 1. Axis Capital Limited 2. JM Financial Limited 3. IIFL Capital Services Limited 4. Morgan Stanley India Company Pvt Limited |
Zinka Logistics Solution IPO FAQs
| What is Zinka Logistics Solution IPO? Zinka Logistics Solution IPO is a main-board IPO. The issue is priced at ₹259 to ₹273 per equity share. The IPO is to be listed on BSE & NSE. |
| When Zinka Logistics Solution IPO will open? The IPO is to open on 13 November 2024 for QIB, NII, and Retail Investors. |
| What is Zinka Logistics Solution IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Zinka Logistics Solution IPO? You can apply Zinka Logistics Solution IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Zinka Logistics Solution IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Zinka Logistics Solution IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Zinka Logistics Solution IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Zinka Logistics Solution IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Zinka Logistics Solution IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Zinka Logistics Solution IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Zinka Logistics Solution IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Zinka Logistics Solution IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Zinka Logistics Solution IPO Size? Zinka Logistics Solution IPO size is ₹1,114.72 Crore. |
| What is the Zinka Logistics Solution IPO Price Band? Zinka Logistics Solution IPO Price Band is ₹259 to ₹273. |
| What is Zinka Logistics Solution IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 54 Shares with ₹14,742 amount while the maximum bid is 702 Shares with ₹1,91,646. |
| What is the Zinka Logistics Solution IPO Allotment Date? Zinka Logistics Solution IPO allotment date is 19 November 2024. |
| What is the Zinka Logistics Solution IPO Listing Date? Zinka Logistics Solution IPO listing date is 22 November 2024. The IPO is to be listed on BSE and NSE. |
