Zinka Logistics Solution Limited
CLOSEDIPO 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
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 IPO | Amount |
|---|---|
| Overall | 1114.72 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 1114.72 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 19 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.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|
Performance Zinka Logistics Solution Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹259 to ₹273 per share | ₹ 983 (-4.69%) | ₹ 419.3 | 53.59% |
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 in | 2015 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
Risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 2.72 |
| Non-Institutional Investors (NIIs) | 0.24 |
| Retail Individual Investors (RIIs) | 1.7 |
| Employee | 9.86 |
| Total | 1.87 |