Zinka Logistics IPO Description – Zinka Logistics is a digital platform for truck operators through the “BlackBuck” mobile application, using its platform, truck operators digitally manage payments for tolling and fueling, monitor drivers and fleets using telematics, find loads on its marketplace, and get access to financing for the purchase of used vehicles. In FY 2024, the company’s monthly transacting truck operators were active for more than 16.18 days in a month and on average spent 39.56 minutes daily, on the BlackBuck App.
Among new-age digital platforms in the trucking sector, Zinka Logistics has the largest physical network across India and as of 31 March 2024, it has sold and serviced products across 628 districts constituting 80% of India’s districts, including in all major transportation hubs and across 75% of the toll plaza network in India. It has a digitally enabled network of 9,395 touchpoints to conduct onboarding and servicing activities as of 31 March 2024.
The company derives revenues primarily through commission income from payment offerings, subscription fees from a combination of telematics, payments and loads marketplace offerings, and service fees from its vehicle financing offering.
As of 31 March 2024, Zinka Logistics has 1,783 employees on payroll.
Promoters of Zinka Logistics – Rajesh Kumar NaiduYabaji, Chanakya Hridaya, and Ramasubramanian Balasubramaniam.
Table of Contents
Zinka Logistics IPO Details
| BlackBuck IPO Dates | 13 – 18 November 2024 |
| Zinka Logistics Issue Price | INR 259 – 273 per share (Employee discount – INR 25 per share) |
| Fresh issue | INR 550 crore |
| Offer For Sale | 2,06,85,800 shares (INR 535.76 – 564.72 crore) |
| Total IPO size | INR 1,057.55 – 1,114.72 crore |
| Minimum bid (lot size) | 54 shares (INR 14,742) |
| Face Value | INR 1 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Zinka Logistics Financial Performance
| FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 | |
| Revenue | 119.32 | 175.68 | 296.92 | 92.17 |
| Expenses | 386.23 | 431.77 | 483.42 | 91.52 |
| Net income | (284.56) | (290.50) | (193.95) | 28.67 |
| Margin (%) | (238.48) | (165.36) | (65.32) | 31.11 |
Zinka Logistics Offer News
- Zinka Logistics RHP
- Zinka Logistics DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Zinka Logistics Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre-Issue)* | FY 2024 (Post-Issue)* | |
| EPS | (16.51) | (15.86) | (10.52) | (10.99) |
| PE Ratio | – | – | – | – |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | (39.37) | (67.16) | (53.64) |
| NAV | 32.92 | 19.25 | 16.89 |
| ROCE (%) | (27.16) | (45.03) | (33.84) |
| EBITDA (%) | (126.65) | (109.22) | (43.85) |
| Debt/Equity | (5.49) | 2.33 | 4.83 |
Zinka Logistics IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 14 November 2024 | 0 | – | 0 |
| 13 November 2024 | 10 | – | 700 |
| 12 November 2024 | 25 | – | 1,000 |
| 11 November 2024 | 30 | – | 1,200 |
Zinka Logistics IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding towards sales and marketing costs – INR 200 crore
- Investment in BlackBuck Finserve Private Limited for financing the augmentation of its capital base to meet its future capital requirements – INR 140 crore
- Funding of expenditure with product development – INR 75 crore
- General corporate purposes
Zinka Logistics – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV |
| Zinka Logistics Solutions | – | (10.52) | (53.64) | 16.89 |
| C.E. Info Systems | 92.90 | 24.78 | 0.20 | 12.09 |
| FLEETCOR Technologies | 20.20 | 1,100.48 | 0.30 | 36,78,737.81 |
| Full Truck Alliance | 804.77 | 0.83 | 0.06 | 19.76 |
BlackBuck IPO Dates & Listing Performance
| IPO Opening Date | 13 November 2024 |
| IPO Closing Date | 18 November 2024 |
| Finalization of Basis of Allotment | 19 November 2024 |
| Initiation of refunds | 20 November 2024 |
| Transfer of shares to demat accounts | 20 November 2024 |
| Zinka Logistics IPO Listing Date | 22 November 2024 |
| Opening Price on NSE | INR 280.9 per share (up 2.89%) |
| Closing Price on NSE | INR 260.05 per share (down 4.74%) |
Zinka Logistics IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi – Subscribe for long term
Adroit Financial – Subscribe for long term
Ajcon Global –
Arihant Capital – Subscribe for listing gain
Axis Capital – Not rated
Ashika Research –
BP Wealth – Subscribe
Capital Market – Avoid
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elara Capital –
Elite Wealth – Not rated
GCL Broking –
Geojit –
GEPL Capital – Avoid
Hem Securities –
Hensex Securities –
HDFC Securities –
ICICIdirect –
IDBI Capital –
Investmentz –
Indsec Securities –
Jainam Broking – Avoid
KR Choksey –
JM Financial – Not rated
Marwadi Financial – Subscribe
Master Capital Services – Subscribe
Mehta Equities –
Nirmal Bang –
Reliance Securities –
Sushil Finance –
Samco Securities – Avoid
SBI Securities – Avoid
SMC Global – 1.5/5
SMIFS –
Systematix Research – Not rated
Swastika Investmart – Neutral
Ventura Securities – Subscribe
Zinka Logistics Offer Lead Manager
AXIS CAPITAL LIMITED
1st Floor, Axis House C-2 Wadia International Center
Pandurang Budhkar Marg, Worli Mumbai – 400 025 Maharashtra
Phone: +91 22 4325 2183
Email: [email protected]
Website: www.axiscapital.co.in
Zinka Logistics Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Zinka Logistics Contact Details
ZINKA LOGISTICS SOLUTIONS LIMITED
Vaswani Presidio, no. 84/2, II Floor, Panathur Main
Road, Kadubeesanahalli, Off Outer Ring Road,
Bengaluru 560 103, Karnataka, India
Phone: +91 8046481828
Email: [email protected]
Website: www.blackbuck.com
BlackBuck IPO FAQs
How many shares in Zinka Logistics IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for Zinka Logistics Public Offer?
The best way to apply for Zinka Logistics public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Zinka Logistics IPO GMP today?
Zinka Logistics IPO GMP today is INR NA per share.
What is Zinka Logistics kostak rate today?
Zinka Logistics kostak rate today is INR NA per application.
What is Zinka Logistics Subject to Sauda rate today?
Zinka Logistics Subject to Sauda rate today is INR NA per application.
