Zinka Logistics Solution Limited, known for its BlackBuck platform, launched its IPO on November 13, 2024. The IPO is a book-built issue aiming to raise ₹1,114.72 crores, including a fresh issue of ₹550 crores and an offer for sale of ₹564.72 crores. Shares are offered at a price range of ₹259 to ₹273 per share, with a minimum IPO lot size of 54 shares. The IPO allotment is expected on November 19, with listing on the BSE and NSE set for November 21.
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Zinka Logistics Solution Limited IPO Timeline Details
Key Detail | Information |
IPO Opening Date | November 13, 2024 |
IPO Closing Date | November 18, 2024 |
Listing Date | November 21, 2024 |
Face Value | ₹1 per share |
Price Range | ₹259 to ₹273 per share |
Minimum Order Quantity | 54 Equity Shares |
Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
Maximum Bid Quantity for QIB Investors | 2,25,41,220 equity shares in multiple of 54 Equity Shares |
Total Issue Size | 40,832,320 shares |
IPO Segment | Book Built Issue IPO |
| Registrar | Kfin Technologies Limited |
Listing At | BSE, NSE |
Zinka Logistics Solution Limited: Company Overview
Founded in April 2015, Zinka Logistics Solution Limited operates the BlackBuck platform, which serves truck operators in India. It offers services such as a freight marketplace, vehicle financing, telematics, and payments, etc.
BlackBuck is India’s largest digital platform for truck operators.
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Zinka Logistics Solution IPO: Key Details
- Zinka Logistics Solution Limited IPO Launch Date: November 13, 2024
- Zinka Logistics Solution Limited IPO Closing Date: November 18, 2024
- Zinka Logistics Solution Limited IPO Allotment Date: November 19, 2024
- Zinka Logistics Solution Limited IPO Price Band: ₹259 to ₹273 per share
- Zinka Logistics Solution Limited IPO Lot Size: 54 shares
- Zinka Logistics Solution Limited IPO Face Value: Re 1
- Zinka Logistics Solution Limited IPO Refunds Initiated: November 20, 2024
- Shares Credited to Demat: November 20, 2024
- Zinka Logistics Solution Limited IPO Listing Date: November 21, 2024
Zinka Logistics Solution Limited: Financial Highlights
Here is a look at the financial results of Zinka Logistics Solution in the recent years.
Period Ended | Assets (₹ Crore) | Revenue (₹ Crore) | Profit After Tax (₹ Crore) | Net Worth (₹ Crore) | Reserves and Surplus (₹ Crore) | Total Borrowing (₹ Crore) |
30 Jun 2024 | 629.41 | 98.33 | 32.38 | 344.98 | 339.07 | 161.01 |
31 Mar 2024 | 654.32 | 316.51 | -193.95 | 311.29 | 311.03 | 173.74 |
31 Mar 2023 | 654.25 | 195.09 | -290.50 | 352.66 | 66.55 | 165.84 |
31 Mar 2022 | 899.68 | 156.13 | -284.56 | 585.08 | 377.58 | 199.00 |
Zinka Logistics Solution IPO: SWOT Analysis
Should you invest in Zinka Logistics Solution IPO?
Here’s a quick look at the company’s strengths and opportunities:
- BlackBuck is India’s largest platform for digital truck operators.
- It has a strong network of truck operators built over 9 years.
Eevn though the company relies heavily on the logistics industry, which can be affected by market fluctuations, there is a potential to expand the company’s market reach within the logistics industry.
FAQs | Zinka Logistics Solution Limited IPO
Zinka Logistics Solution Limited, operating under the BlackBuck brand, is India’s largest digital platform for truck operators. It offers services including freight management, vehicle financing, and telematics.
The IPO bidding date is from November 13, 2024, to November 18, 2024.
The IPO lot size for Zinka Logistics is 54 shares.
The IPO allotment is expected to be finalized on November 19, 2024.
The IPO face value is ₹1 per share.
You can check the IPO allotment status via the official registrar’s website. Kfin Technologies Limited is the registrar for Zinka Logistics.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.