Search icon
TCS, HDFCBANK, SBI Liquid Fund (G)
Zinka Logistics Solutions Ltd.

BLACKBUCK

Equity

NSE,BSE

Min. Investment

2,59,000.00

Open a free Demat account and invest in IPOs easily.

Download Orca

Google PlayApp Store

To access realtime data for GP Eco Solutions India Ltd. and use advance features for Applying IPO. Register or Login to Orca.

IPO Details

Bidding Dates

13 Nov 24 - 18 Nov 24

Price Range ₹

259 - 273

Total Equity

616.09Cr

Lot Size

54

Exchange Status

NSE,BSE

IPO Doc

Subscription Rate

Non-Institutional Investor

1.66×

Qualified Institutional Buyers

2.76×

Employees

9.88×

Retail Investors

1.66×

Total subscription Rate

1.86×

IPO Timeline

Offer start

13 Nov 2024

Offer end

18 Nov 2024

Allotment

19 Nov 2024

Refund initiation

20 Nov 2024

Demat transfer

20 Nov 2024

Listing

22 Nov 2024

About Company

Zinka Logistics Solution Limited, founded in April 2015, is a leading digital platform empowering India's trucking industry. Its flagship product, the BlackBuck app, offers a comprehensive suite of services including payments, telematics, freight marketplace, and vehicle financing. As of March 2024, the platform had facilitated transactions worth Rs 173.96 billion and served over 963,000 truck operators, representing a significant portion of the Indian trucking industry. The company's strong network, innovative offerings, and experienced management team have contributed to its rapid growth and market leadership.

Year Founded

20-04-2015

Promotor Details

Rajesh Kumar Naidu Yabaji

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage34.3227.84
Share Capital5365854449135495

Offer to Public

2,25,67,270.00 Cr

Project Details

  • General corporate purposes - 1350cr
  • Funding towards sales and marketing costs - 2000cr
  • Investment in Blackbuck Finserve Private Limited for financing the augmentation of its capital base - 1400cr
  • Funding of expenditure in relation to product development - 750cr

Objectives

  • Funding towards sales and marketing costs
  • Investment in Blackbuck Finserve Private Limited, our NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements
  • Funding of expenditure in relation to product development
  • andGeneral corporate purposes.

Highlights

  • As India's leading digital platform for truck operators, Zinka Logistics enjoys a strong market position and brand recognition.
  • The asset-light model allows for rapid expansion without significant capital investment, driving high-growth and profitability.
  • The platform benefits from network effects, as a larger user base attracts more users and service providers.
  • The company's focus on technology and data analytics enables it to improve efficiency and customer experience.
  • The experienced management team drives strategic decision-making and ensures operational excellence.

Challenges

  • Reliance on payments and telematics offerings exposes the company to potential revenue fluctuations.
  • A history of losses and negative cash flows raises concerns about the company's financial stability.
  • Existing debt obligations could impact the company's profitability and cash flow.
  • Potential legal and regulatory challenges could harm the company's reputation and operations.
  • Dependence on telecommunications and IT systems makes the company vulnerable to disruptions and cyber threats.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20246,543.210.10-45,239.00-45,239.00-82.1034
20236,542.520.10-45,239.00-45,239.00-82.1034
20201,13,975.001.00-1,669.86-1,939.49-35.1995
20228,997.520.10-2,303.49-2,845.64-51.645
202176,466.001.03-45,239.00-45,239.00-82.1034
Enrich money logo