Zinka Logistics Solutions Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 30,606,526 (75%) | — | ₹83,556 Cr |
| NII (HNI) | — | 6,121,305 (15%) | — | ₹16,711 Cr |
| Retail | — | 4,080,870 (10%) | — | ₹1,114 Cr |
| Employee | — | 26,000 (0%) | — | ₹7 Cr |
| Σ Total | — | 40,834,701 (100%) | — | ₹1,114,787 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 54 | ₹14,742 |
| Retail (Max) | 13 | 702 | ₹191,646 |
| S-HNI (Min) | 14 | 756 | ₹206,388 |
| B-HNI (Min) | 67 | 3,618 | ₹987,714 |
Financial Statements Amount in Crore
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 98 | 317 | 195 |
| Profit After Tax | 32 | -194 | -291 |
| Net Worth | 345 | 311 | 353 |
| Total Assets | 629 | 654 | 654 |
| Reserves & Surplus | 339 | 311 | 67 |
| Total Borrowing | 161 | 174 | 166 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding towards sales and marketing costs; –
- Investment in Blackbuck Finserve Private Limited, its NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements; –
- Funding of expenditure about product development; and –
- General corporate purposes. –
Company Overview
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