Blackbuck was founded in 2015 and headquartered in Bengaluru, is recognized as the largest platform connecting truckers and shippers to help them operate their businesses efficiently. This company has satisfactory financial statements such as revenue has increased 62% compared to the previous year. Strong promoters, a management team, a reputed client profile, moderate concentration, and adequate liquidity position are counted as strengths of this company.
Zinka Logistics IPO aka Blackbuck IPO open date is November 13, 2024 and the IPO will close on November 18, 2024. Zinka Logistics (Blackbuck) IPO is a Book Built Issue. The company to raise around ₹1,114.72 crores via IPO that comprises fresh issue of ₹550.00 crores and offer for sale up to 20,685,800 equity shares with face value of ₹1 each. Blackbuck Services IPO price band is ₹259 to ₹273 per share. The allotment of Blackbuck Services IPO date is November 19, 2024. The company reported revenue of ₹316.51 crores in 2024 against ₹195.09 crore in 2023. The company reported loss of ₹193.95 crores in 2024 against loss of ₹290.5 crores in 2023.
Blackbuck IPO (Zinka Logistics) Details
| IPO Open Date: | November 13, 2024 |
| IPO Close Date: | November 18, 2024 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹259 to ₹273 Per Share |
| Issue Size: | Approx ₹1,114.72 Crores |
| Fresh Issue: | Approx ₹550 Crores |
| Offer for Sale: | Approx 20,685,800 Equity Shares |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
Blackbuck IPO (Zinka Logistics) Timeline
The Blackbuck Services IPO date is November 13, 2024 and the close date is November 18, 2024. The Blackbuck Services IPO allotment will be finalized on November 19, 2024 and the IPO listing on November 21, 2024.
| IPO Open Date: | November 13, 2024 |
| IPO Close Date: | November 18, 2024 |
| Basis of Allotment: | November 19, 2024 |
| Refunds: | November 20, 2024 |
| Credit to Demat Account: | November 20, 2024 |
| IPO Listing Date: | November 21, 2024 |
Blackbuck IPO Market Lot
The Blackbuck Services IPO minimum market lot is 54 shares with ₹14,742 application amount. The retail investors can apply up-to 13 lots with 702 shares or ₹191,646 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 54 | ₹14,742 |
| Retail Maximum | 13 | 702 | ₹191,646 |
| S-HNI Minimum | 14 | 756 | ₹206,388 |
| B-HNI Minimum | 68 | 3,672 | ₹1,002,456 |
Financial Overview of Zinka Logistics Solution Limited
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 |
| Revenue | 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 |
