IPO Issue Details
Issue Price / Price Band₹273 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size54 Shares per Lot
Total Issue Size4,08,34,377 shares (aggregating up to ₹1,114.72 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 13 Nov 2024
Subscription CloseMon, 18 Nov 2024
Anchor AllotmentTue, 12 Nov 2024
Basis of AllotmentTue, 19 Nov 2024
Initiation of RefundsWed, 20 Nov 2024
Credit of Shares to DematWed, 20 Nov 2024
Listing DateFri, 22 Nov 2024
UPI Mandate Deadline2024-11-18
Application & Investment Details
Retail — Min (1 Lots)₹14,742 — 54 shares
Retail — Max (13 Lots)₹191,646 (13 Lots)
HNI — Min (14 Lots)₹2,06,388 — 756 shares
EPS (Pre-IPO)₹-12.41
EPS (Post-IPO)₹7.34
P/E Ratio (Pre-IPO)-22x
P/E Ratio (Post-IPO)37.2x
Pre-IPO Promoter Holding15,63,30,160 shares
Post-IPO Promoter Holding17,64,76,680 shares
Fresh Issue Shares2,01,48,577 shares (aggregating up to ₹550.03 Cr)
Offer for Sale Shares2,06,85,800 shares of ₹1 (aggregating up to ₹564.69 Cr)
About Zinka Logistics Solutions Ltd.
Founded in April 2015, Zinka Logistics Solution Limited offers a digital platform, the BlackBuck app, for truck operators. In the fiscal year 2024, 963,345 truck operators in the country conducted their business through the platform, representing 27.52% of all Indian truck operators.Zinka Logistics Solution's BlackBuck app is a platform that offers payments, telematics, a freight marketplace, and vehicle financing services to help truck operators 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 a monthly average of 356,050 active telematics devices and has facilitated 4,035 loans with a total value of Rs. 1,967.88 million.As of March 31, 2024, the company offered vehicle financing to customers in 48 districts across seven states in India.Competitive strengthIndia’s largest platform for digital truck operators.A wide network of truck operators built over the nine years of its existence.New offerings to address market gaps and fulfil customer needs.A strong multi-channel sales network and an effective sales and service strategy promote customer acceptance.High-growth business with operational leverage and high profitability.Experienced management team.As of March 31, 2024, the company had 4,289 employees
Objects of the Issue
Zinka Logistics Solutions Ltd. proposes to utilise the net proceeds from the Issue for 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.
Shareholding & Lock-in
Pre-IPO Promoter Holding
15,63,30,160 shares
Post-IPO Promoter Holding
17,64,76,680 shares
Lock-in Period (30%)December 19, 2024
Lock-in Period (50%)February 17, 2025