Zinka Logistics Solution (BlackBuck) IPO
Company Overview:
Founded in April 2015, Zinka Logistics Solution Limited operates the BlackBuck app, a comprehensive digital platform designed for truck operators across India. The platform provides services such as payments, telematics, a freight marketplace, and vehicle financing, all aimed at enhancing operational efficiency for truck operators.
In the fiscal year 2024, 963,345 truck operators used the BlackBuck platform, accounting for 27.52% of all Indian truck operators. This strong penetration highlights BlackBuck as India’s largest digital platform for truck operators.
Key Financials and Operations (As of March 31, 2024):
Gross Transaction Value (GTV): ₹173,961.93 million in payments processed.
Telematics Services: An average of 356,050 active telematics devices used monthly.
Vehicle Financing: Facilitated 4,035 loans with a total value of ₹1,967.88 million, across 48 districts in 7 states.
Promoter Holding:
Promoters: Rajesh Kumar Naidu Yabaji, Chanakya Hridaya, and Ramasubramanian Balasubramaniam.
Pre-Issue Holding: 32.91%
Post-Issue Holding: 27.84%
Objectives of the IPO:
Fund Sales & Marketing Costs.
Investment in the subsidiary company.
General Corporate Purposes.
BlackBuck IPO: Key Details
IPO Dates: 13 to 18 Nov, 2024
Price Band: ₹259 to ₹273 per share
Lot Size: 54 shares
Total Issue Size: ₹1,114.72 Crores
Retail Quota: 10%
Listing Date: 21st Nov, 2024
GMP: 0% (Only for info)
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