Zinka Logistics Solutions Limited IPO Highlights
Zinka Logistics Solutions Limited is going to launch its IPO. Its opening date is 13 November, 2024. It will close on 18 November, 2024. This is going to be a book-built issue. Through its first public offering (IPO), the company aims to collect about ₹1174.72 crores. The IPO will be a mixture of a fresh issue of 40832320 equity shares worth ₹1174.72 Cr. and an offer for sale of 20,685,800 equity shares worth ₹564.72 Cr. The face value of shares is ₹1 per equity share. The price band of Zinka Logistics Solutions Limited IPO is between ₹259 to ₹273.
Established in 2015, Black Buck (Zinka Logistics Solutions Ltd.) is a technology-driven logistics platform designed to support truck operators with a range of digital services. It offers comprehensive solutions, including payment processing, telematics, load matching, and vehicle financing, all aimed at enhancing operational efficiency. The Black Buck app enables truck operators to handle daily tasks—such as toll and fuel payments, tracking vehicles and fuel levels, and matching loads—providing a seamless way to manage their business. By leveraging these innovations, Black Buck is working to modernize India’s trucking industry, creating a more efficient and transparent logistics network.
Zinka Logistics Solutions Limited IPO Detail
| IPO Opening and Closing Date | November 13, 2024 to November 18, 2024 |
| IPO Price Range | ₹ 259 to ₹ 273 Per Share |
| Face Value of Share | ₹ 1 Per Share |
| Net Issue Size Offered | 40,832,320 shares Equity Shares amounting up to ₹ 1,114.72 Cr. |
| Fresh Issue | 20,146,520 Equity Shares up to ₹ 550.00 Cr. |
| Offer For Sale | 20,685,800 Equity Shares amounting up to ₹ 564.72 Cr. |
| Listing at | BSE & NSE |
| Issue Type | Book Built Issue IPO |
| Issue Lot Size | 54 Equity Shares |
| Retail Allocation | 10% |
| IPO DRHP | Click Here |
| IPO RHP | Click Here |
Zinka Logistics Solutions Limited IPO, Tentative Date Schedule
| IPO Opening Date | 13 November, 2024 (Wednesday) |
| IPO Closing Date | 18 November, 2024 (Monday) |
| Allotment Date | 19 November, 2024 (Tuesday) |
| Refund Initiation | 20 November, 2024 (Wednesday) |
| Credit of Shares in Demat Account | 20 November, 2024 (Wednesday) |
| Listing Date | 21 November, 2024 (Thursday) |
The Zinka Logistics Solutions Limited IPO will open on 13 November, 2024 and will close on 18 November, 2024. The allotment of Zinka Logistics Solutions Limited IPO will be finalised on 19 November, 2024. The listing date of Zinka Logistics Solutions Limited IPO on both BSE as well as NSE is fixed as 21 November, 2024.
Zinka Logistics Solutions IPO GMP Today
Zinka Logistics Solutions Limited IPO GMP today is ₹00 as of 9 November, 2024.
Zinka Logistics Solutions IPO Financials
| Period | The period Ended June 30 | Financial Year 2024 | Financial Year 2023 | Financial Year 2022 |
| Total Assets | 629.41 | 654.32 | 654.25 | 899.68 |
| Total Revenue | 98.33 | 316.51 | 195.09 | 156.13 |
| Total Expense | 91.52 | 483.42 | 431.77 | 386.24 |
| EBITDA | 145.22 | -138.78 | -213.07 | -197.73 |
| Profit After Tax | 32.38 | -193.95 | -290.50 | -284.56 |
| Company’s Net Worth | 344.98 | 311.29 | 352.66 | 585.08 |
| Total Reserve & Surplus | 339.07 | 311.03 | 66.55 | 377.58 |
Company Financial Performance Indicators
| Key Performance Indicators | Value |
| ROCE | 1.50% |
| ROE | 9.39% |
| Price to Book Value | 14.6 |
| Total Borrowings (% of Total Capital) | 2.65% |
| Return on Net Worth | 9.39% |
| Debt to Equity Ratio (times) | 0.47 |
| Net Asset Value | 16.89 |
IPO Lot Size for Different Category of Investors:
| Application | Lot | Number of Shares | Amount (in ₹) |
| Retail Investor (Min. Lot) | 1 | 54 | ₹14742 |
| Retail Investor (Max Lot) | 13 | 702 | ₹191646 |
| Small HNI (Min. Lot) | 14 | 756 | ₹206388 |
| Small HNI (Max. Lot) | 67 | 3618 | ₹987714 |
| Big HNI (Min. Lot) | 68 | 3672 | ₹1002456 |
Retail investors are eligible to submit bids for a minimum of one lot, containing 54 shares, amounting to ₹14742. On the other hand, small HNI can apply for a minimum of 14 lots comprising 756 shares amounting to ₹206388. The maximum limit for applying in this IPO for small HNI is 67 lots comprising 3618 shares amounting to ₹987714.
Zinka Logistics Solutions Limited IPO, Investors Reserve Quota
| Shares Reserved for Institutional Investors | 75% of the Total Issue |
| Shares Reserved for Non-Institutional Investors | 15% of the Total Issue |
| Shares Reserved for Retail Individual Investors | 10% of the Total Issue |
Cash Flow Generated by the Company
| Particulars | Period Ended 30 June, 2024 | FY 2024 | FY 2023 | FY 2022 |
| Net Cash Flow from Operating Activities | 33.77 | 44.55 | -119.18 | -78.16 |
| Net Cash Flow from Investing Activities | -18.04 | 19.18 | 168.61 | -218.60 |
Revenue Generation from Different Segments
| Segment | June 30, 2024 | FY24 | FY23 | FY22 |
| Commission Income | 37.88 | 127.25 | 88.06 | 75.10 |
| Subscription Fees | 35.37 | 117.89 | 74.28 | 39.11 |
| Service Fees | 17.84 | 50.95 | 13.28 | 4.45 |
| Others | 1.08 | 0.84 | 0.06 | 0.67 |
| Total Revenue | 92.17 | 296.93 | 175.68 | 119.33 |
Zinka Logistics Solutions IPO Objectives
- To strengthen the capital base
- To invest in product development to make more innovative products
- To enhance sales and marketing efforts to improve brand value
- General corporate purposes to support operational and strategic flexibility
Average PE Ratio of Industry
| P/E Ratio Metrics | P/E Ratio |
| Highest P/E Ratio | 804.77 |
| Lowest P/E Ratio | 20.20 |
| Average P/E Ratio | 305.96 |
Zinka Logistics Solutions IPO Strengths and Weaknesses
Strengths:
- Strong focus on expanding its sales and marketing efforts to get more customers and grow its brand.
- Multiple sources of revenue
- Continuous product development keeps the company competitive
- The company is strengthening its capital base to increase its market reach.
Weaknesses:
- The company relies on specific partners for payments and vehicle financing.
- Most of its revenue comes from payments and tracking services which is segment specific and may be a riskier option.
- The company depends on a few suppliers and therefore there is a risk of supply interruptions.
- High employee turnover is a big issue for the company
- The company faces cash flow issues and financial losses.
Management & Promoter Group of the Company
- Chanakya Hridaya
- Ramasubramanian B.
- Rajesh Yabaji
Company’s Dividend Policy
The company has not paid any dividends from the last three financial years
Lead Managers of Zinka Logistics Solutions Limited IPO
- JM Financial Limited
- Axis Capital Limited
- IIFL Securities Limited
- Morgan Stanley India Company Private Limited
Registrar of Zinka Logistics Solutions IPO
The registrar for BlackBuck’s Initial Public Offering (IPO) is KFin Technologies Limited.
Email: zinka.ipo@kfintech.com
Website: https://www.kfintech.com/
Contact Details of Zinka Logistics Solutions IPO
Corporate Office Address: Vaswani Presidio,
II Floor, No. 84/2, Panathur Main Road,
Kadubeesanahalli, Off Outer Ring Road,
Bengaluru, Karnataka 560103, India.
Phone: +91 80 4648 1828
Email: support@blackbuck.com
Website: https://blackbuck.com/
Leave a comment