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
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
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 34.32 | 27.84 |
| Share Capital | 53658544 | 49135495 |
Offer to Public
2,25,67,270.00 Cr
Project Details
- Funding towards sales and marketing costs - 2000cr
- General corporate purposes - 1350cr
- 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
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2020 | 1,13,975.00 | 1.00 | -2,368.49 | -2,904.98 | -52.722 |
| 2022 | 8,997.52 | 0.10 | -2,303.49 | -2,845.64 | -51.645 |
| 2024 | 6,543.21 | 0.10 | -34,537.00 | -34,537.00 | -62.6806 |
| 2023 | 6,542.52 | 0.10 | -34,537.00 | -34,537.00 | -62.6806 |
| 2021 | 76,466.00 | 1.03 | -2,303.49 | -2,845.64 | -51.645 |
