Bookbuilding IPO | ₹1,115 Cr | Listed at BSE, NSE | Wed, Nov 13, 2024 - Mon, Nov 18, 2024
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 per share. The lot size for an application is 54. The minimum amount of investment required by an retail is ₹14,742 (54 shares) (based on upper price). 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 Open
Wed, Nov 13, 2024
IPO Close
Mon, Nov 18, 2024
Issue Price
₹273 per share
Market Cap (Pre-IPO)
₹4,817.81 Cr
| IPO Date | 13 to 18 Nov, 2024 |
| Listed on | Fri, Nov 22, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹259 to ₹273 |
| Issue Price | ₹273 per share |
| Lot Size | 54 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹25.00 |
| Total Issue Size | 4,08,34,377 shares (agg. up to ₹1,115 Cr) |
| Fresh Issue | 2,01,48,577 shares (agg. up to ₹550 Cr) |
| Offer for Sale | 2,06,85,800 shares of ₹1 (agg. up to ₹565 Cr) |
| Share Holding Pre Issue | 15,63,30,160 shares |
| Share Holding Post Issue | 17,64,76,680 shares |
| BSE Script Code / NSE Symbol | 544288 / BLACKBUCK |
| ISIN | INE0UIZ01018 |
Zinka Logistics Solutions 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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 54 shares and in multiples thereof.
| 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 |
Zinka Logistics Solutions IPO raises ₹501.33 crore from anchor investors. Zinka Logistics Solutions IPO Anchor bid date is November 12, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Nov 12, 2024 |
| Shares Offered | 1,83,63,915 |
| Anchor Portion (₹ Cr.) | 501.33 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Dec 19, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Feb 17, 2025 |
| 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 |
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
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding towards sales and marketing costs; | 200.00 |
| 2 | Investment in Blackbuck Finserve Private Limited, the NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements; | 140.00 |
| 3 | Funding of expenditure in relation to product development; and | 75.00 |
| 4 | General corporate purposes | 135.00 |
| KPI | Jun 30, 2024 |
|---|---|
| ROE | 9.39% |
| ROCE | 1.50% |
| Debt/Equity | 0.47 |
| RoNW | 9.39% |
| Price to Book Value | 14.60 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -12.41 | 7.34 |
| P/E (x) | -22 | 37.2 |
| Promoter Holding | 32.91% | 26.83% |
| Market Cap | ₹4,817.81 Cr. |
The BlackBuck IPO is subscribed 1.87 times on November 18, 2024 6:19:08 PM (Day 3). The public issue subscribed 1.7 times in the retail category, 2.72 times in the QIB category, and 0.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.72 | 1,22,42,611 | 3,32,68,698 |
| NII | 0.24 | 61,21,305 | 14,87,916 |
| bNII (bids above ₹10L) | 0.18 | 40,80,870 | 7,40,826 |
| sNII (bids below ₹10L) | 0.37 | 20,40,435 | 7,47,090 |
| Retail | 1.7 | 40,80,870 | 69,27,066 |
| Employee | 9.86 | 26,000 | 2,56,392 |
| Total | 1.87 | 2,24,70,786 | 4,19,40,072 |
Total Application : 1,29,071
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs' fees and commissions (including underwriting commission) | 32.88 |
| 2 | Brokerage, selling commission, bidding charges, processing fees and bidding charges for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs | 0.81 |
| 3 | Fees payable to the Registrar to the Offer | 0.13 |
| 4 | Other expenses including but not limited to: Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 4.94 |
| 5 | Other expenses including but not limited to: Printing and stationery expenses | 0.94 |
| 6 | Other expenses including but not limited to: Fees payable to the legal counsels | 7.80 |
| 7 | Other expenses including but not limited to: Advertising and marketing expenses for the Offer | 3.24 |
| 8 | Other expenses including but not limited to: Fees payable to other parties to the Offer including but not limited to the Statutory Auditors, independent chartered accountants, industry report provider, chartered engineer, architect and Monitoring Agency | 5.76 |
| 9 | Other expenses including but not limited to: Miscellaneous | 4.99 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹273.00 |
| Open | ₹279.05 |
| Low | ₹255.25 |
| High | ₹285.80 |
| Last Trade | ₹260.20 |
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 ₹1,115 Crores. The issue is priced at ₹273 per share. The minimum order quantity is 54.
The IPO opens on Wed, Nov 13, 2024, and closes on Mon, Nov 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 Wed, Nov 13, 2024 and closes on Mon, Nov 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 Wed, Nov 20, 2024. Check the Zinka Logistics Solutions IPO allotment status.
The Zinka Logistics Solutions IPO listing date is on Fri, Nov 22, 2024.
