BlackBuck IPO, a Mainline IPO of ₹1114.72 Cr opens for subscription from 13-11-2024 to 18-11-2024. The IPO consists of ₹550.00 Cr fresh issue and ₹564.72 Cr offer for sale.
The face value is Rs 1 and the price band is fixed at 259.00-273.00 per share. You can apply to the BlackBuck Mainline IPO for a minimum lot of 54 shares amounting of Rs 14742.
The tentative listing date on the exchange (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: | ₹259.00-273.00 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: | ₹1114.72 Cr |
| Offer for Sale: | ₹564.72 Cr |
| Fresh Issue: | ₹550.00 Cr |
| Face Value: | ₹1 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 | ₹259.00-273.00 |
| Market Lot: | 54 Shares |
| 1 Lot Amount: | ₹14742 |
| Min Small HNI Lots(2-10 Lakh): | 756 shares (14 lots) – ₹206388 |
| Min Big HNI Lots(10+ Lakh): | 3672 shares (68 lots) – ₹1002456 |
BlackBuck IPO GMP**
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12-11-2024 | 273.00 | 24 | 1000/14000 | ₹297 (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, Zinka Logistics Solutions Limited is a digital platform for truck operators that 963,345 truck operators across the country will use to process transactions in FY 2024. Truck operators use the BlackBuck mobile application (the “BlackBuck App”) for their various business needs. The BlackBuck App provides payments, telematics, a marketplace 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
- India’s 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 | ₹1114.72 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 ₹ 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 |
