Blackbuck IPO Details
The key details of Blackbuck’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹1,114.72 Cr |
| Price Range | ₹259 - ₹273 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | ₹25 per share |
| Listing at | NSE and BSE |
| Minimum Quantity | 54 |
| Investment (cut-off price) | ₹14,742 |
| Pre IPO Promotor Holding | 87.18% |
| Post IPO Promotor Holding | 27.84% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Blackbuck IPO Timelines
The IPO process for Blackbuck includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
13/11/2024
Start Date18/11/2024
End Date20/11/2024
Refund Initiation20/11/2024
Credit of Shares to Demat Ac22/11/2024
Listing DateBlackbuck IPO Lot Size
The Blackbuck IPO has a fixed lot size of 54 shares, at an upper price band of ₹273 per share, requiring ₹14,742 per lot for retail investors. Retail investors can apply for a maximum of 702 shares worth ₹191,646. For Small HNI (S-HNI), the minimum application starts at 756 shares (₹206,388) up to 3,618 shares (₹987,714), while Big HNI (B-HNI) requires a minimum of 3,672 shares amounting to ₹1,002,456.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 54 | ₹14,742 |
| Retail Maximum | 13 | 702 | ₹191,646 |
| S-HNI Minimum | 14 | 756 | ₹206,388 |
| S-HNI Maximum | 67 | 3618 | ₹987,714 |
| B-HNI Minimum | 68 | 3672 | ₹1,002,456 |
Blackbuck IPO Subscription Status
The subscription status for Blackbuck IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 2.72x | 0.24x | 1.70x | 9.86x | 1.87x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹280.90 | ₹260 | ₹285.90 | ₹255.35 |
Blackbuck IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹156.13 | ₹386.24 | -₹284.56 |
| FY 2023 | ₹195.09 | ₹431.77 | -₹290.50 |
| FY 2024 | ₹316.51 | ₹483.42 | -₹193.95 |
About Company
Zinka Logistics Solutions, known as Blackbuck, was founded in 2015 and has established itself as India’s largest digital platform for truck operators. In Fiscal Year 2024, nearly one million truck operators transacted on the platform, representing over 27.52% of the total truck operator market in India. Blackbuck offers a comprehensive suite of services designed to streamline operations for truck operators, including payment solutions for tolls and fuel, tolling services through FASTags, and cashless fueling options through partnerships with oil marketing companies. The company also provides telematics for real-time fleet management and a load marketplace that connects truck operators with shippers.
The company’s omnichannel approach ensures widespread customer onboarding and servicing, reaching 80% of India’s districts through a network of 9,395 touchpoints by March 31, 2024. This extensive network includes major transportation hubs and covers 75% of the toll plaza network in India. Blackbuck’s product offerings are designed to address critical pain points in the trucking industry, enhancing efficiency and cost savings for operators. Additionally, the company provides vehicle financing solutions to help operators purchase used commercial vehicles or finance existing ones, generating revenue through loan service fees.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | Logistics | Rajesh Yabaji |
Know Before Investing
Blackbuck IPO Strengths
- Leading platform driving digital transformation in India’s trucking industry.
- Expanded to 963,345 transacting truck operators in FY24, boosting retention and partner appeal.
- Generates revenue through fees and commissions without inventory or truck ownership.
Blackbuck IPO Risks
- 94.53% reliance on payments and telematics in FY24, creating risk if these face issues.
- Disruptions in telecom or IT could affect service delivery.
- History of losses and negative cash flows in the company and subsidiaries.
Swot Analysis for Blackbuck IPO
Strengths
Market Leadership, Strong Investor Backing
Weaknesses
High Dependence on Indian Market, Financial Losses
Opportunities
Expansion into New Markets, Increasing Demand for Digital Solutions
Threats
Intense Competition, Economic Vulnerability
Company Details
Zinka Logistics Solution Limited
Vaswani Presidio, no. 84/2,
II Floor, Panathur Main Road, Kadubeesanahalli,
Off Outer Ring-Road, Bengaluru 560103,
Phone: +91 8046481828
Email: cs@blackbuck.com
Website: https://www.blackbuck.com/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: zinka.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of BlackBuck IPO are:
- Allocate funds to support sales and marketing initiatives.
- Capital boost for Blackbuck Finserve to meet future financial needs.
- Funding for ongoing product enhancement.
- Allocate resources for overall corporate needs.
Axis Capital Limited, Morgan Stanley India Company Private Limited, JM Financial Limited, IIFL Securities Limited are the book-running lead managers for the BlackBuck IPO.