Zinka Logistics Solution Limited
|
Lot Size
1 Lot = 54 Qty |
Min Investment
₹14742 |
|
Subscription
Undersubscribed |
Listing Gain
-13(Points) |
IPO Details
|
Open Date
Nov 13, 2024 |
Close Date
Nov 18, 2024 |
Allotment Date
Nov 19, 2024 |
|
Allotment Date
Nov 19, 2024 |
Refund Initiation
Nov 20, 2024 |
Demat Transfer
Nov 20, 2024 |
|
Listing Date
Nov 21, 2024 |
Fresh Issue
550 |
Offer For Sale
564.72 |
|
Issue Price
₹259 to ₹273 |
Face Value
₹1 |
Issue Type
Fresh Issue |
|
Total Issue Size
1114.72 CR |
QIB + NII Quota
75 + 15% |
Retail Quota
10% |
|
Listing On
NSE & BSE |
Registrar
KFin Technologies Private Ltd |
Company Financial Rusult In Crore
| PERIOD | ASSET | REVENUE | PROFIT |
|---|---|---|---|
| 30-Jun-2024 | 629.41 | 98.33 | 32.38 |
| 31-Mar-2024 | 654.32 | 316.51 | -193.95 |
| 31-Mar-2023 | 654.25 | 195.09 | -290.50 |
| 31-Mar-2022 | 899.68 | 156.13 | -284.56 |
About The Company
Founded in April 2015, Zinka Logistics Solution Limited, popularly known as BlackBuck, is India leading digital platform for truck operators. With a mission to transform the trucking industry, BlackBuck empowers operators across India to streamline operations, make payments, access vehicle financing, and manage logistics efficiently—all through a single app.
As of FY2024, BlackBuck connects over 27.5% of India truck operators, with an active network of 963,345 users. Through its comprehensive services, BlackBuck processed a substantial Gross Transaction Value (GTV) of Rs 173,961.93 million. The platform leverages technology to offer telematics services, with 356,050 devices enabling real-time tracking and fleet management. It has further availed vehicle financing options for the loans extended, amounting to 4,035 loans and Rs 1,967.88 million, and covered 48 districts in seven states.
Zinka Logistics Solution (BlackBuck) - Strength and Weakness
Strength
- It is India largest digital platform for truck operators in terms of the number of users as of March 31, 2024
- The company has a repeatable playbook of creating and launching new offerings as it is focused on addressing challenges faced by truck operators in India by creating innovative solutions.
- It has a high-growth business with operating leverage and strong unit economics due to its asset-light business model which is based on offering services to truck operators and generates revenue through platform fees, subscription fees, and commissions.
Weakness
- The company and its subsidiary TZF Logistics Solutions Private Limited have incurred losses and witnessed negative operating cash flows in the past.
- It depends on certain key suppliers to procure a significant portion of its vehicle tracking solutions. Any loss of the relationship could adversely affect the company business.
- Zinka Logistics added that its operations may be affected by fluctuations in the road transportation industry and fuel prices.
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