The Zinka Logistics (Blackbuck) IPO is set to launch on November 13, 2024, and will close on November 18, 2024. The company aims to raise ₹1,114.72 crores through this IPO. The issue comprises a fresh issue of ₹550 crores and an offer for sale of 20,685,800 equity shares. The IPO price band is ₹259 to ₹273 per share.
This IPO will be a book-built issue. The retail quota will be 10%, QIB will get 75%, and HNI will have 15%. The shares will be listed on BSE and NSE on November 21, 2024.
Key Information About Blackbuck IPO:
- IPO Open Date: November 13, 2024
- IPO Close Date: November 18, 2024
- Face Value: ₹1 Per Share
- Price Band: ₹259 to ₹273
- Total Issue Size: ₹1,114.72 Crores
- Fresh Issue: ₹550 Crores
- Offer for Sale: 20,685,800 Equity Shares
- Listing on: BSE and NSE
- Retail Quota: 10%
- QIB Quota: 75%
- NII Quota: 15%
Blackbuck IPO Financial Overview:
Blackbuck, founded in 2015, is a major platform connecting truckers and shippers. In 2024, the company reported a revenue of ₹316.51 crores, up from ₹195.09 crores in 2023. However, the company also posted a loss of ₹193.95 crores in 2024, a significant improvement from the loss of ₹290.5 crores in 2023.
| Year | Revenue (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|
| 2022 | ₹156.13 | ₹-284.56 | ₹899.68 |
| 2023 | ₹195.09 | ₹-290.5 | ₹654.25 |
| 2024 | ₹316.51 | ₹-193.95 | ₹654.32 |
IPO Market Lot and Application Details:
For Zinka Logistics (Blackbuck) IPO, the minimum market lot is 54 shares with an application amount of ₹14,742. Retail investors can apply for up to 13 lots (702 shares) for ₹191,646.
| Type | Lot Size | Shares | Total 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 |
Important Dates for Blackbuck IPO:
- IPO Open Date: November 13, 2024
- IPO Close Date: November 18, 2024
- Allotment Date: November 19, 2024
- Listing Date: November 21, 2024
Blackbuck IPO Promoters:
- Rajesh Kumar Naidu Yabaji
- Chanakya Hridaya
- Ramasubramanian Balasubramaniam
Zinka Logistics (Blackbuck) IPO Financial Highlights:
- EPS (Earnings Per Share): –₹10.52 (Basic)
- P/E Ratio: Not applicable
- Return on Net Worth (RoNW): –53.64%
- Net Asset Value (NAV): ₹16.89
The Zinka Logistics IPO is considered a long-term investment opportunity, given the company’s strong growth potential despite its current losses. Investors should keep in mind the company’s upward trajectory in revenue and its improving financial stability.
What Makes Blackbuck Unique?
Blackbuck is India’s leading platform for connecting truckers with shippers. It has grown quickly since its inception in 2015 and now operates across multiple regions in India. The platform allows users to create and manage orders efficiently, making the logistics process faster and more reliable.
FAQs:
1. What is Zinka Logistics (Blackbuck) IPO?
Zinka Logistics IPO, also known as the Blackbuck IPO, is a public offering to raise ₹1,114.72 crores. The shares will be priced between ₹259 and ₹273 per share, and the listing will take place on BSE and NSE.
2. When will the Blackbuck IPO open for subscription?
The Blackbuck IPO will open for subscription on November 13, 2024, and will close on November 18, 2024.
3. How can I apply for the Blackbuck IPO?
You can apply for the IPO online through ASBA via your bank or UPI. Alternatively, you can also apply offline through stock brokers.
4. What is the price band for Blackbuck IPO?
The price band for the Blackbuck IPO is ₹259 to ₹273 per share.
5. What is the allotment date for Blackbuck IPO?
The allotment date for the Blackbuck IPO is November 19, 2024.
6. When will the Blackbuck IPO list?
The Blackbuck IPO is expected to list on November 21, 2024 on both BSE & NSE.
7. How much can I invest in Blackbuck IPO?
The minimum investment is ₹14,742 for 54 shares. You can apply for up to 13 lots.
For more details, you can visit the official registrar Kfin Technologies at https://kosmic.kfintech.com/ipostatus/.
This overview provides a detailed look at the Zinka Logistics (Blackbuck) IPO, covering everything from pricing and dates to financial health, helping you decide if it’s the right investment for your portfolio.
Get ready for the Zinka Logistics (Blackbuck) IPO! Don’t miss out on the opportunity to invest in India’s leading logistics platform!
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