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    5. BLACKBUCK

    Zinka Logistics Solution Limited

    CLOSED

    IPO Date: 13 Nov - 18 Nov 2024

    Listing Date: 22 Nov 2024

    Price Range

    ₹259 to ₹273 per share

    Issue Size

    1114.72 Cr

    Min Investment

    ₹13,986

    Lot Size

    54 Shares

    View IPO Document

    Schedule of Zinka Logistics Solution Limited

    Issue open date

    13 Nov 2024

    Issue close date

    18 Nov 2024

    UPI mandate deadline

    18 Nov 2024 (5 PM)

    Allotment finalization

    19 Nov 2024

    Share credit

    20 Nov 2024

    Listing date

    22 Nov 2024

    Mandate end date

    3 Dec 2024

    Issue size

    Funds Raised in the IPOAmount
    Overall1114.72 Cr
    Fresh Issue0 Cr
    Offer for Sale1114.72 Cr

    Allotment DetailsNew

    Allotment TimelineDetails
    Allotment Date19 Nov 2024
    Allotment Link{Link}

    Grey Market PremiumNew

    Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

    DateIpo PriceGMPEstimated Listing Price

    Performance Zinka Logistics Solution Limited

    Issue PriceListing GainCurrent Market PriceP/L
    ₹259 to ₹273 per share₹ 983 (-4.69%) ₹ 419.353.59%

    About Zinka Logistics Solution Limited

    Founded in April 2015, Zinka Logistics Solution Limited offers a digital platform, the BlackBuck app, for truck operators. In the fiscal year 2024, 963,345 truck operators in the country conducted their business through the platform, representing 27.52% of all Indian truck operators.Zinka Logistics Solution's BlackBuck app is a platform that offers payments, telematics, a freight marketplace, and vehicle financing services to help truck operators achieve their goals efficiently.As of March 31, 2024, the company had processed a Gross Transaction Value (GTV) of Rs. 173,961.93 million in payments.As of March 31, 2024, the company had a monthly average of 356,050 active telematics devices and has facilitated 4,035 loans with a total value of Rs. 1,967.88 million.As of March 31, 2024, the company offered vehicle financing to customers in 48 districts across seven states in India.Competitive strength- India’s largest platform for digital truck operators.- A wide network of truck operators built over the nine years of its existence.- New offerings to address market gaps and fulfil customer needs.- A strong multi-channel sales network and an effective sales and service strategy promote customer acceptance.- High-growth business with operational leverage and high profitability.- Experienced management team.

    Founded in2015
    Managing director
    Parent organization

    Financial Overview

    Strengths

      Risks

        Subscription Figures

        CategorySubscription (No. of times)
        Qualified Institutional Buyers (QIBs)2.72
        Non-Institutional Investors (NIIs)0.24
        Retail Individual Investors (RIIs)1.7
        Employee9.86
        Total1.87