BlackBuck IPO, a Mainline IPO ofĀ ā¹1114.72 CrĀ opens for subscription fromĀ 13-11-2024 to 18-11-2024. The IPO consists of ā¹550.00 Cr fresh issue and ā¹564.72 Cr offer for sale.
The face value is Rs 1 and the price band is fixed atĀ 259.00-273.00 per share. You can apply to the BlackBuck Mainline IPO for a minimum lot ofĀ 54 shares amounting of Rs 14742.
The tentative listing date on the exchangeĀ (BSE, NSE) is 21-11-2024.
Stay tuned with us to get more details about BlackBuck Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
BlackBuck IPO Details
| IPO Issue Opening Date: | 13th Nov 2024 |
| IPO Issue Closing Date: | 18th Nov 2024 |
| IPO Issue Price: | ā¹259.00-273.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10.00% of Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ā¹1114.72 Cr |
| Offer for Sale: | ā¹564.72 Cr |
| Fresh Issue: | ā¹550.00 Cr |
| Face Value: | ā¹1 Per Equity Share |
| IPO Discount: | Emplopee:25.00 |
| Promoter Holding Pre IPO: | 32.91% |
| Promoter Holding Post IPO: | 27.84% |
BlackBuck IPO Important Dates
Get important updates regarding BlackBuck IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 19th Nov 2024 |
| Refunds Initiation* | 20th Nov 2024 |
| Credit of Shares to Demat* | 20th Nov 2024 |
| IPO Listing Date* | 21st Nov 2024 |
* – Tentative Dates
BlackBuck IPO Lots
| IPO Activity | Date |
|---|---|
| Issue Price | ā¹259.00-273.00 |
| Market Lot: | 54 Shares |
| 1 Lot Amount: | ā¹14742 |
| Min Small HNI Lots(2-10 Lakh): | 756 shares (14 lots) –Ā ā¹206388 |
| Min Big HNI Lots(10+ Lakh): | 3672 shares (68 lots) –Ā ā¹1002456 |
BlackBuck IPO GMP**
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12-11-2024 | 273.00 | 24 | 1000/14000 | ā¹297 (8.79%) | 12-Nov-2024 14:30 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
About Company – BlackBuck
Established in April 2015,Ā Zinka Logistics Solutions LimitedĀ is a digital platform for truck operators that 963,345Ā truck operatorsĀ across the country will use to process transactions in FY 2024. Truck operators use the BlackBuck mobile applicationĀ (the āBlackBuck Appā)Ā for their various business needs. The BlackBuck App providesĀ payments, telematics, a marketplaceĀ for loads, and vehicle financing services. These solutions aim to digitally empower truck operators and help them run their businesses effectively and efficiently.
Their offerings solve critical problems for their customers and are an integral part of their daily lives. In fiscal year 2024, truck drivers conducting monthly transactions were active more than 16.18 days per month and spent an average of 39.56 minutes per day on the BlackBuck app.
The company has developed its offering and distribution strategy specifically for these users and the industry and believes this is the main reason for the strong engagement of truck drivers on the BlackBuck app and the market share they hold.
BlackBuck IPO Strengths
- Indiaās largest digital platform for truck operators
- Strong network effects of platform result in robust customer retention rates and higher monetization
- Repeatable playbook for creating and launching new offerings
- Omnichannel distribution network with robust sales and service strategy driving customer adoption
- Scalable and reliable in-house technology integrating with multiple stakeholder
- Promoter-led management team and an experienced board
| Incorporation | Sector | IPO Issue Size | Website |
| 2015 | Software Products | ā¹1114.72 Cr | https://www.blackbuck.com/ |
BlackBuck IPO Objective
The company propose to utilise the Net Proceeds towards funding the following objects:
- Funding towards sales and marketing costs;
- Investment in Blackbuck Finserve Private Limited, its NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements;
- Funding of expenditure about product development; and
- General corporate purposes.
Our experts can help you prepare for SME IPO
Zinka Logistics Solution Limited Financial Information (Restated Consolidated)
Zinka Logistics Solution Limited’s revenue increased by 62.24% and profit after tax (PAT) rose by 33.24% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 629.41 | 654.32 | 654.25 | 899.68 |
| Revenue | 98.33 | 316.51 | 195.09 | 156.13 |
| Profit After Tax | 32.38 | -193.95 | -290.50 | -284.56 |
| Net Worth | 344.98 | 311.29 | 352.66 | 585.08 |
| Reserves and Surplus | 339.07 | 311.03 | 66.55 | 377.58 |
| Total Borrowing | 161.01 | 173.74 | 165.84 | 199.00 |
| Amount in ā¹ Crore | ||||
BlackBuck IPO Peer Comparison
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Zinka Logistics Solution Limited | -10.52 | -10.52 | 16.89 | -53.64 | Consolidated | |
| C.E.Info Systems Ltd | 24.78 | 24.78 | 12.09 | 92.9 | 0.2 | Consolidated |
| Fleetcor Technologies Limited | 1118.83 | 1100.48 | 3678737.8 | 20.2 | 0.3 | Consolidated |
| Full Truck Alliance Co. Ltd | 0.83 | 0.83 | 19.76 | 804.77 | 0.06 | Consolidated |
