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Zinka Logistics Solution Limited IPO (BlackBuck IPO) Detail

BlackBuck IPO is a book built issue. The issue comprises of fresh issue of Rs 550.00 crore and offer for sale of 2.16 crore shares.

BlackBuck IPO dates are yet to be announced.

BlackBuck IPO price bands are yet to be announced.

Axis Capital Limited, Morgan Stanley India Company Pvt Ltd, Jm Financial Limited and Iifl Securities Ltd are the book running lead managers of the BlackBuck IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to BlackBuck IPO DRHP for detailed information.

BlackBuck IPO Details

IPO Date to
Listing Date [.]
Face Value ₹1 per share
Price [.] to [.] per share
Lot Size
Total Issue Size[.] shares
(aggregating up to ₹[.] Cr)
Fresh Issue[.] shares
(aggregating up to ₹550.00 Cr)
Offer for Sale21,609,022 shares of ₹1
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue156,330,160

BlackBuck IPO Reservation

Investor Category Shares Offered
QIB Shares OfferedNot less than 75% of the Net Issue
Retail Shares OfferedNot less than 10.00% of Net Issue
NII (HNI) Shares OfferedNot less than 15.00% of the Net Issue

BlackBuck IPO Promoter Holding

The Promoters of the company are Rajesh Kumar Naidu Yabaji, Chanakya Hridaya and Ramasubramanian Balasubramaniam.

Share Holding Pre Issue 87.18%
Share Holding Post Issue

About Zinka Logistics Solution Limited

Founded in April 2015, Zinka Logistics Solution Limited is a digital platform for truck operators. In fiscal year 2024, 963,345 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.

Competitive Strength

  • 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

As of March 31 2024, the company's workforce consists of 4,289 people.

Company Financials

Zinka Logistics Solution Limited Financial Information (Restated Consolidated)

Zinka Logistics Solution Limited's revenue increased by 62% and profit after tax (PAT) rose by 33% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets654.32654.25899.68
Revenue316.51195.09156.13
Profit After Tax-193.95-290.5-284.56
Net Worth311.29352.66585.08
Reserves and Surplus311.0366.55377.58
Total Borrowing173.74165.84199
Amount in ₹ Crore

Objects of the Issue (BlackBuck IPO Objectives)

The company propose to utilise the Net Proceeds towards funding the following objects:

  1. Funding towards sales and marketing costs;
  2. Investment in Blackbuck Finserve Private Limited, its NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements;
  3. Funding of expenditure about product development; and
  4. General corporate purposes.

BlackBuck IPO Prospectus

BlackBuck IPO Rating

3
2.7
Rating:Rated 2.7 stars
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Zinka Logistics Solution Limited Contact Details

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 IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: zinka.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

BlackBuck IPO FAQs

BlackBuck IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .

The BlackBuck IPO open and close dates are not available as of now.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in BlackBuck IPO using UPI as a payment gateway. Zerodha customers can apply in BlackBuck IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in BlackBuck IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'BlackBuck IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The BlackBuck IPO dates are not announced. Please check back again after some time.

BlackBuck IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in BlackBuck IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for BlackBuck IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the BlackBuck IPO allotment status.

The BlackBuck IPO listing date is not yet announced. The tentative date of BlackBuck IPO listing is [.].
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