Zinka Logistics Solution Limited (BlackBuck IPO) is coming up with an IPO consisting of a fresh issue of 2.01 crore shares worth INR 550 crores and an offer to sell 2.07 crore existing shares worth INR 564.72 crores. The company aims to fund sales, capitalize on its NBFC, develop products, and cover general corporate expenses.
Zinka Logistics Solutions IPO – Important Dates
| Zinka Logistics Solution Limited IPO Date | November 13, 2024 to November 18, 2024 |
| BlackBuck IPO Listing Date | November 21, 2024 |
| Zinka Logistics Solution Limited IPO Price | INR 259-273 per share |
| BlackBuck Limited IPO Lot Size | 54 Shares |
| Zinka Logistics Solution Limited IPO Total Issue Size | INR 1,114.72 crores |
| BlackBuck IPO Limited IPO Basis of Allotment | November 19, 2024 |
| Zinka Logistics Solution Limited IPO Initiation of Refunds | November 20, 2024 |
| BlackBuck Limited IPO Credit of Shares to Demat | November 20, 2024 |
| Zinka Logistics Solution Limited IPO Issue Type | Book Built Issue IPO |
| BlackBuck Limited IPO Listing At | BSE NSE |
Read more about Zinka Logistics Solution Limited IPO GMP
Zinka Logistics Solution Limited IPO – Company Profile
Zinka Logistics Solutions Limited(BlackBuck IPO), India’s largest digital platform for truck operators, empowers operators to manage tolling, fueling, fleet monitoring, and load-finding while offering financing options. The platform supports India’s growing logistics needs.
BlackBuck App addresses critical trucking needs with tolling, fueling, telematics, load-finding, and financing. In Fiscal 2024, operators engaged actively, averaging 16.18 days monthly and 39.56 minutes daily, reflecting strong market alignment.
BlackBuck’s omnichannel strategy combines digital marketing with an extensive on-ground network, supporting customer onboarding and servicing across 628 districts and 9,395 touchpoints, covering 80% of India’s districts and major transport hubs.
Zinka Logistics Solutions Ltd IPO Fundamental Analysis
Zinka Logistics Solution Limited’s(BlackBuck IPO) financial analysis reveals a mixed performance. Revenue has grown over the years, with increased liabilities indicating expansion. Profitability, EPS, and assets improved, though RoNW declined, reflecting mixed financial performance.
- Revenue Trend: The revenue decreased from ₹1,193.26 millions in March 2022 to ₹1,756.80 millions in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 2,969.22 million.
- Equity and Liabilities: Liabilities have shown an increase over the periods, reflecting potential growth and expansion. However, debt-equity ratio has increased, indicating rising reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹(2,845.64) million in March 2022 to ₹(1,939.49) million by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹(13.49) in March 2022 to ₹(9.06) by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has decreased from (39.37)% to (53.64)%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
BlackBuck IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in millions) | 1,193.26 | 1,756.80 | 2,969.22 |
| Equity (₹ in millions) | 5,850.76 | 3,526.64 | 3,112.93 |
| Expenses (₹ in millions) | 3,862.39 | 4,317.73 | 4,834.24 |
| Profit and Loss After Tax (₹ in millions) | (2,845.64) | (2,904.98) | (1,939.49) |
| Diluted EPS only (₹) | (13.49) | (12.93) | (9.06) |
| Return on Net Worth (%) | (39.37) | (67.16) | (53.64) |
| NAV per Equity Share (₹) | 32.92 | 19.25 | 16.89 |
| Total Assets (in millions) | 8,996.83 | 6,542.52 | 6,543.21 |
| Total Liabilities (in millions) | 3,146.07 | 3,015.88 | 3,430.28 |
| Debt-Equity Ratio (in times) | 0.34 | 0.47 | 0.56 |
Zinka Logistics Solution Limited IPO Peer Comparison
Zinka Logistics Solutions Limited and competitors C.E. Info Systems Ltd and FLEETCOR Technologies, Inc. exhibit diverse performance metrics across financial indicators, showcasing varying profitability, revenue growth, and asset values, highlighting differences in operational scale and market impact.
| Company | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per share (₹) |
| Zinka Logistics Solutions Limited | 1 | – | (10.52) | (10.52) | (53.64) | 16.89 |
| C.E. Info Systems Ltd | 2 | 92.90 | 24.78 | 24.58 | 0.20 | 12.09 |
| FLEETCOR Technologies, Inc | 0.08337 | 20.20 | 1,118.83 | 1,100.48 | 0.30 | 3,678,737.81 |
Zinka Logistics Solutions Ltd IPO Objective
The main objective of Zinka Logistics Solution Limited (BlackBuck IPO) is to allocate funds for sales and marketing, invest in its NBFC subsidiary Blackbuck Finserve for capital augmentation, and support product development to drive future growth.
- Funding towards sales and marketing costs: The company intends to utilize INR 200 crores for comprehensive sales and marketing efforts, enhancing digital campaigns, expanding its omnichannel distribution network, and increasing brand visibility across crucial transportation hubs and toll plazas nationwide.
- Investment in Blackbuck Finserve Private Limited, wholly owned NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements: The company plans to utilize INR 140 crores to strengthen the capital base of its NBFC subsidiary, BFPL, supporting future growth by providing funds through debt or equity, depending on final investment decisions.
- Funding of expenditure on product development: The company aims to utilize INR 75 crores to fund product development, including workforce expansion, vehicle financing innovations, affordable telematics, and a freight brokerage business, alongside infrastructure upgrades to enhance customer experience.
- General corporate purposes: The company will deploy the balance of funds for general corporate purposes, including strategic initiatives, funding growth opportunities, meeting unexpected needs, and covering general corporate expenses to support overall business objectives.
Zinka Logistics Solutions IPO Risks And Challenges
Zinka Logistics Solution Limited’s risk includes past losses and cash flow issues, reliance on strategic partners for payments and financing, and dependency on payments and telematics offerings vulnerable to regulatory and market changes.
- The company and its subsidiaries have faced past losses and negative cash flows, primarily due to sales, marketing, and product development investments. Continued expenses for growth may impact profitability and future cash flow stability.
- The company heavily relies on strategic partners for payments and vehicle financing revenue, facing risks if these partnerships end or terms change, which could disrupt operations, increase expenses, and impact financial performance.
- The company’s revenue heavily relies on payments and telematics offerings, facing risks from regulatory changes, technological advancements, competition, and evolving customer preferences, which could affect business growth and financial performance.
BlackBuck IPO – Industry & Market Potential
India’s trucking market is poised for 8-9% CAGR growth from Fiscal 2024 to 2028, driven by investments and efficiency improvements. Government reforms aim to digitise and address inefficiencies in this fragmented, cash-driven industry.
Toll and fuel payments make up 80% of truck operators’ expenses. Currently valued at $470-490 million, the digital payments market is expected to grow to $850-910 million by Fiscal 2028, with a 16-18% CAGR.
Used vehicle financing, accounting for 63% of the $54-56 billion market in Fiscal 2024, is dominated by unorganized financiers charging high interest rates. However, the market is organizing, with projected revenue growth from $6.5-7 billion to $12-13 billion by Fiscal 2028.
Zinka Logistics Solution Limited IPO – Type of Offer
Zinka Logistics Solution Limited(BlackBuck IPO) plans a fresh issue of shares, seeking INR 550 crores to fund sales, capitalize its NBFC, develop products, and cover general corporate expenses. Additionally, the company proposes an offer to sell 2.07 crore existing shares.
- Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 550 crores. The company intends to utilize the proceeds from the fresh issue to fund sales, capitalize its NBFC, develop products, and cover general corporate expenses.
- Offer for sale: Zinka Logistics Solution Limited is offering to sell 2.07 crore existing shares worth. The following are the details of the existing shareholder, who is also the promoter selling the shares:
| Name of the promoter selling shareholder | Maximum number of shares offered |
| Rajesh Kumar Naidu Yabaji | 2,218,822 |
| Chanakya Hridaya | 1,109,411 |
| Ramasubramanian Balasubramaniam | 1,109,411 |
BlackBuck IPO Offer Size
The offer size of Zinka Logistics Solution Limited is INR 1,114.72 crores, consisting of a fresh issue of 2.01 crore shares worth INR 550 crores and an offer to sell 2.07 crore existing shares worth INR 564.72 crores. The company aims to fund sales, capitalize on its NBFC, develop products, and cover general corporate expenses.
Zinka Logistics Solution Limited IPO Allotment Structure
Zinka Logistics Solution Limited’s allocation will be as follows: 75% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 10% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 75% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 10% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
How to apply for the Zinka Logistics Solution IPO (BlackBuck IPO)?
To apply for the Zinka Logistics Solution Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Zinka Logistics Solution Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Zinka Logistics Solution Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check BlackBuck IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Zinka Logistics Solution Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Zinka Logistics Solution Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you contact our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Zinka Logistics Solution Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Zinka Logistics Solution Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Zinka Logistics Solution Ltd IPO Offer Registrar
The registrar for the Zinka Logistics Solution Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFin Technologies Limited
Selenium, Tower B, Plot No. 31 and 32
Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Zinka Logistics IPO – FAQs
1.What is the allotment date of the Zinka Logistics Solutions IPO?
The allotment date of the Zinka Logistics Solutions is November 19, 2024.
2.What is the price band of the BlackBuck IPO?
The price band of the BlackBuck IPO is INR 259-273 per share.
3.What is the size of the Zinka Logistics Solutions IPO?
The offer size of Zinka Logistics Solution Limited is INR 1,114.72 crores, consisting of a fresh issue of 2.01 crore shares worth INR 550 crores and an offer to sell 2.07 crore existing shares worth INR 564.72 crores. The company aims to fund sales, capitalize on its NBFC, develop products, and cover general corporate expenses.
4.What is the listing date of the Zinka Logistics IPO?
The listing date of Zinka Logistics is November 21, 2024.
5.Where is the Zinka Logistics Solutions IPO (BlackBuck IPO) Getting Listed?
Zinka Logistics Solutions is getting listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
6.What are the open and close dates of the Zinka Logistics Solution Limited IPO?
The open and close dates of the Zinka Logistics Solutions Limited are November 13, 2024 and November 18, 2024.
7.How to apply for the Zinka Logistics Solutions Ltd IPO in Alice Blue?
To apply for the Zinka Logistics Solution Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Zinka Logistics Solution Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Zinka Logistics Solution Limited IPO at Alice Blue in just a few clicks!
8.Who are the Book Runners for the BlackBuck IPO?
The Book Runners for BlackBuck Limited are Axis Capital Limited, Morgan Stanley India Company Private Limited, JM Financial Limited and IIFL Securities Limited.
