Zinka Logistics Solution IPO
- IPO Date13 Nov, 2024 to 18 Nov, 2024
- Listing Date21 Nov, 2024
- Face Value₹1 per share
- Issue Price₹259 to ₹273 per share
- Lot Size54 Shares
- Minimum Investment₹14,742
- Listing AtBSE, NSE
- Total Issue Size4,08,32,320 Shares
(aggregating up to ₹1114.72 Cr) - Fresh Issue2,01,46,520 Shares
(aggregating up to ₹550.00 Cr)
- Offer for Sale2,06,85,800 Shares
(aggregating up to ₹564.72 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue15,63,30,160
- Shareholding post issue17,64,76,680
IPO Dates
Closing Date
18 Nov, 2024
Initiation of Refunds
20 Nov, 2024
Listing Date
21 Nov, 2024
13 Nov, 2024
Opening Date
19 Nov, 2024
Basis of Allotment
20 Nov, 2024
Credit of Shares
Zinka Logistics Solution Lot Size
Investors can bid for a minimum of 54 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 67 | 3618 | ₹9,87,714 |
| S-HNI (Min) | 14 | 756 | ₹2,06,388 |
| Retail (Min) | 1 | 54 | ₹14,742 |
| B-HNI (Min) | 68 | 3672 | ₹10,02,456 |
| Retail (Max) | 13 | 702 | ₹1,91,646 |
Zinka Logistics Solution Promoter Holding
The Promoters of the company are Rajesh Kumar Naidu Yabaji, Chanakya Hridaya and Ramasubramanian Balasubramaniam.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 37.91% | 27.84% |
Zinka Logistics Solution COMPANY INFORMATION
BlackBuck IPO is a book built issue of Rs 1,114.72 crores. The issue is a combination of fresh issue of 2.01 crore shares aggregating to Rs 550.00 crores and offer for sale of 2.07 crore shares aggregating to Rs 564.72 crores. BlackBuck IPO opens for subscription on November 13, 2024 and closes on November 18, 2024. The allotment for the BlackBuck IPO is expected to be finalized on Tuesday, November 19, 2024. BlackBuck IPO will list on BSE, NSE with tentative listing date fixed as Thursday, November 21, 2024. BlackBuck IPO price band is set at ₹259 to ₹273 per share. The minimum lot size for an application is 54 Shares. The minimum amount of investment required by retail investors is ₹14,742. The minimum lot size investment for sNII is 14 lots (756 shares), amounting to ₹206,388, and for bNII, it is 68 lots (3,672 shares), amounting to ₹1,002,456. The issue includes a reservation of up to 26,000 shares for employees offered at a discount of Rs 25 to the issue price. 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 RHP for detailed information.
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 strength
- India’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
Zinka Logistics Solutions IPO
IPO Overview and Key Highlights
Zinka Logistics Solutions, a leading logistics technology provider, is offering its Initial Public Offering (IPO) comprising a fresh issue of equity shares aggregating up to Rs 5,500 million and an Offer for Sale (OFS) of up to 20,685,800 equity shares. The IPO aims to fund business expansion, enhance working capital, and provide an exit opportunity to existing shareholders. Shares are proposed to be listed on the NSE and BSE.
Key IPO Details
- Type of Issue: Book Built Issue
- Fresh Issue Size: Equity shares aggregating up to Rs 5,500 million
- Offer for Sale (OFS): Up to 20,685,800 equity shares
- Face Value: Rs 1 per share
- Offer Opens: November 13, 2024
- Offer Closes: November 18, 2024
- Listing Exchange: BSE and NSE.
Company Overview
Incorporated in 2015, Zinka Logistics Solutions (operating under the brand name BlackBuck) is a pioneer in logistics technology. It provides end-to-end digital solutions to streamline trucking operations, including freight management and fleet optimization. Backed by experienced promoters and investors, Zinka has established a robust market presence in India and overseas.
Financial Overview
The company has demonstrated consistent revenue growth, supported by a scalable business model and increasing adoption of digital logistics solutions. The IPO proceeds will be used to enhance the company’s financial stability and fund strategic initiatives.
Key Strengths of Zinka Logistics Solutions
- Technology Leadership: A strong focus on digital innovation differentiates Zinka from competitors.
- Scalable Model: The company operates a scalable platform that can adapt to varying logistics demands.
- Backed by Prominent Investors: Prominent global investors and experienced promoters provide stability and credibility.
IPO Pros and Cons
Pros
- Market Expansion: Increased demand for digital logistics offers growth potential.
- Strong Investor Backing: The presence of reputable investors ensures financial strength.
- Use of Proceeds: Funds raised will support growth and improve operational capabilities.
Cons
- High Competition: Intense competition in the logistics technology sector could impact margins.
- Regulatory Dependency: Changes in government policies could influence business operations.
- Dependence on Key Clients: Relying on large clients may pose revenue risks.
Risk Factors
Investors should consider the following risks:
- Economic Sensitivity: Logistics operations are influenced by broader economic conditions.
- Technology Evolution: Rapid technological changes may require continuous investment to remain competitive.
- Client Dependency: Loss of key clients could affect revenue streams.
Conclusion
The Zinka Logistics Solutions IPO presents an attractive investment opportunity in the growing logistics technology sector. With its innovative solutions, strong investor backing, and growth-oriented strategies, the company is poised for success. However, potential investors should carefully weigh risks, including competition and economic dependencies, before investing.
FAQs About Zinka Logistics Solution Ipo
Zinka Logistics Solution IPO will open on 13 Nov, 2024 and close on 18 Nov, 2024. Investors must apply within this period to participate.
The Zinka Logistics Solution IPO price band is set between ₹259.00 and ₹273.00 per share. The minimum lot size is 54, requiring an investment of at least ₹14742.00.
The Zinka Logistics Solution IPO shares are expected to be listed on 21 Nov, 2024, subject to regulatory approvals and final allotment.
You can track your Zinka Logistics Solution IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Zinka Logistics Solution IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.