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Zinka Logistics Solutions IPO is a book build issue of ₹1,114.72 crores. The issue is a combination of fresh issue of 2.01 crore shares aggregating to ₹550.03 crores and offer for sale of 2.07 crore shares aggregating to ₹564.69 crores.
Zinka Logistics Solutions IPO bidding started from Nov 13, 2024 and ended on Nov 18, 2024. The allotment for Zinka Logistics Solutions IPO was finalized on Nov 19, 2024. The shares got listed on BSE, NSE on Nov 22, 2024.
Zinka Logistics Solutions IPO price band is set at ₹273.00 per share . The lot size for an application is 54. The minimum amount of investment required by an retail is ₹13,986 (54 shares). The lot size investment for sNII is 14 lots (756 shares), amounting to ₹2,06,388, and for bNII, it is 68 lots (3,672 shares), amounting to ₹10,02,456.
The issue includes a reservation of up to 26,000 shares for employees offered at a discount of ₹25.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Zinka Logistics Solutions IPO RHP for detailed Information.
| IPO Date | November 13, 2024 to November 18, 2024 |
| Listing Date | November 22, 2024 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹259 to ₹273 per share |
| Issue Price Final | ₹273 per share |
| Lot Size | 54 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 4,08,34,377 shares (aggregating up to ₹1,114.72 Cr) |
| Fresh Issue | 2,01,48,577 shares (aggregating up to ₹550.03 Cr) |
| Offer for Sale | 2,06,85,800 shares of ₹1 (aggregating up to ₹564.69 Cr) |
| Employee Discount | ₹25.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 15,63,30,160 shares |
| Share Holding Post Issue | 17,64,76,680 shares |
BlackBuck IPO offers total 4,08,34,701 shares. Out of which 3,06,06,526 (74.95%) allocated to QIB, 1,22,42,611 (29.98%) allocated to QIB, 61,21,305 (14.99%) allocated to NII, 40,80,870 (9.99%) allocated to RII and 1,83,63,915 (44.97%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 3,06,06,526 (74.95%) | NA |
| − Anchor Investor Shares Offered | 1,83,63,915 (44.97%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,22,42,611 (29.98%) | NA |
| NII (HNI) Shares Offered | 61,21,305 (14.99%) | NA |
| − bNII > ₹10L | 40,80,870 (9.99%) | 5,397 |
| − sNII < ₹10L | 20,40,435 (5.00%) | 2,698 |
| Retail Shares Offered | 40,80,870 (9.99%) | 75,571 |
| Employee Shares Offered | 26,000 (0.06%) | NA |
| Total Shares Offered | 4,08,34,701 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Zinka Logistics Solutions IPO raises ₹501.33 crore from anchor investors. Zinka Logistics Solutions IPO Anchor bid date is November 12, 2024. Zinka Logistics Solutions IPO Anchor Investors list
| Bid Date | November 12, 2024 |
| Shares Offered | 1,83,63,915 |
| Anchor Portion Size (In Cr.) | 501.33 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 19, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 17, 2025 |
Zinka Logistics Solutions IPO opens on November 13, 2024, and closes on November 18, 2024.
| IPO Open Date | Wed, Nov 13, 2024 |
| IPO Close Date | Mon, Nov 18, 2024 |
| Tentative Allotment | Tue, Nov 19, 2024 |
| Initiation of Refunds | Wed, Nov 20, 2024 |
| Credit of Shares to Demat | Wed, Nov 20, 2024 |
| Tentative Listing Date | Fri, Nov 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Nov 18, 2024 |
Investors can bid for a minimum of 54 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 54 | ₹14,742 |
| Retail (Max) | 13 | 702 | ₹1,91,646 |
| S-HNI (Min) | 14 | 756 | ₹2,06,388 |
| S-HNI (Max) | 67 | 3,618 | ₹9,87,714 |
| B-HNI (Min) | 68 | 3,672 | ₹10,02,456 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
As of March 31, 2024, the company had 4,289 employees
Zinka Logistics Solution Limited's revenue increased by 62.24% and profit after tax (PAT) rose by 33.24% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 629.41 | 654.32 | 654.25 | 899.68 |
| Total Income | 98.33 | 316.51 | 195.09 | 156.13 |
| Profit After Tax | 32.38 | -193.95 | -290.50 | -284.56 |
| Net Worth | 344.98 | 311.29 | 352.66 | 585.08 |
| Reserves and Surplus | 339.07 | 311.03 | 66.55 | 377.58 |
| Total Borrowing | 161.01 | 173.74 | 165.84 | 199.00 |
| Amount in ₹ Crore | ||||
The market capitalization of Zinka Logistics Solutions IPO is ₹4817.81 Cr.
KPI as of Sun, Jun 30, 2024.
| KPI | Values |
|---|---|
| ROE | 9.39% |
| ROCE | 1.50% |
| Debt/Equity | 0.47 |
| RoNW | 9.39% |
| Price to Book Value | 14.60 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | -12.41 | 7.34 |
| P/E (x) | -22 | 37.2 |
The company propose to utilise the Net Proceeds towards funding the following objects:
[Dilip Davda] The company is one of the leading digital platform for the truck owners providing them all related services under one roof. The company posted losses till FY24, and has turned the corner from Q1-FY25. Based on FY25 annualized earnings, the issue appears aggressively priced. Well-informed/cash surplus/risk seekers may park moderate funds for long term. Read detail review...
| Listing Date | November 22, 2024 |
| BSE Script Code | 544288 |
| NSE Symbol | BLACKBUCK |
| ISIN | INE0UIZ01018 |
| Final Issue Price | ₹273 per share |
| NSE Listing Group | EQ |
| BSE Listing Group | B |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹273.00 |
| Open | ₹279.05 |
| Low | ₹255.25 |
| High | ₹285.80 |
| Last Trade | ₹260.20 |
Zinka Logistics Solutions Ltd.
Vaswani Presidio, no. 84/2,
II Floor, Panathur Main Road, Kadubeesanahalli,
Off Outer Ring-Road, Bengaluru 560103,
Bengaluru, Karnataka
Phone: +91 8046481828
Email: cs@blackbuck.com
Website: https://www.blackbuck.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: zinka.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Zinka Logistics Solutions IPO is a main-board IPO of 4,08,34,377 equity shares of the face value of ₹1 aggregating up to ₹1,114.72 Crores. The issue is priced at ₹273 per share. The minimum order quantity is 54.
The IPO opens on November 13, 2024, and closes on November 18, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Zinka Logistics Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Zinka Logistics Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Zinka Logistics Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Zinka Logistics Solutions IPO opens on November 13, 2024 and closes on November 18, 2024.
Zinka Logistics Solutions IPO lot size is 54, and the minimum amount required for application is ₹14,742.
You can apply in Zinka Logistics Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Zinka Logistics Solutions IPO will be done on Tuesday, November 19, 2024, and the allotted shares will be credited to your demat account by Wednesday, November 20, 2024. Check the Zinka Logistics Solutions IPO allotment status.
The Zinka Logistics Solutions IPO listing date is on Friday, November 22, 2024.
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