BlackBuck IPO GMP Today, Date, Price, Subscription Status

BlackBuck IPO Overview

The BlackBuck IPO is set to raise a total of ₹1,114.72 crores, featuring a book-built issue structure. The offering combines a fresh issue of 2.01 crore shares, aggregating to ₹550.00 crores, along with an offer for sale of 2.07 crore shares totaling ₹564.72 crores.

This IPO opens for subscription on November 13, 2024, and will close on November 18, 2024. Allotment is expected to be finalized by November 19, with a tentative listing date on BSE and NSE scheduled for November 21, 2024.

Priced between ₹259 to ₹273 per share, retail investors can apply for a minimum lot of 54 shares, requiring an investment of ₹14,742. sNII applicants must apply for at least 14 lots (756 shares) at ₹206,388, while bNII applicants need 68 lots (3,672 shares), totaling ₹1,002,456.

Additionally, a reservation of up to 26,000 shares is available for employees at a ₹25 discount to the issue price, offering them a unique opportunity within the IPO.

Leading the IPO are Axis Capital, Morgan Stanley India, JM Financial, and IIFL Securities as the book-running  lead managers, with KFin Technologies Ltd. as the registrar. For more details, refer to BlackBuck IPO RHP .

BlackBuck IPO Important dates

BlackBuck IPO opens on November 13, 2024, and closes on November 18, 2024.

IPO Open Date	Wednesday, November 13, 2024
IPO Close Date	Monday, November 18, 2024
Basis of Allotment	Tuesday, November 19, 2024
Initiation of Refunds	Wednesday, November 20, 2024
Credit of Shares to Demat	Wednesday, November 20, 2024
Listing Date	Thursday, November 21, 2024
Cut-off time for UPI mandate confirmation	5 PM on November 18, 2024

BlackBuck IPO Financial Performance

Zinka Logistics Solution Limited’s revenue increased by 62% and profit after tax (PAT) rose by 33% between the financial year ending with March 31, 2024 and March 31, 2023.

BlackBuck IPO Key Performance Indicator

The market capitalization of BlackBuck IPO is Rs 4817.81 Cr.

KPI as of June 30, 2024.

BlackBuck IPO Objectives

The company propose to utilize the Net Proceeds towards funding the following objects:

1. Funding towards sales and marketing costs;
2. Investment in Blackbuck Finserve Private Limited, its NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements;
3. Funding of expenditure about product development; and
4. General corporate purposes.

BlackBuck IPO Lot Size

Investors can bid for a minimum of 54 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	54	₹14,742
Retail (Max)	13	702	₹191,646
S-HNI (Min)	14	756	₹206,388
S-HNI (Max)	67	3,618	₹987,714
B-HNI (Min)	68	3,672	₹1,002,456

BlackBuck IPO Details

IPO Date	November 13, 2024 to November 18, 2024
Listing Date	[.]
Face Value	₹1 per share
Price Band	₹259 to ₹273 per share
Lot Size	54 Shares
Total Issue Size	40,832,320 shares (aggregating up to ₹1,114.72 Cr)
Fresh Issue	20,146,520 shares (aggregating up to ₹550.00 Cr)
Offer for Sale	20,685,800 shares of ₹1 (aggregating up to ₹564.72 Cr)
Employee Discount	Rs 25 per share
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share holding pre issue	156,330,160
Share holding post issue	176,476,680

BlackBuck IPO Company Overview and Services

Founded in April 2015, Zinka Logistics Solutions Limited operates the BlackBuck app, a digital platform designed for truck operators across India. In fiscal year 2024, the app was utilized by 963,345 truck operators, capturing 27.52% of the nation’s trucking sector.

BlackBuck’s platform offers a comprehensive suite of services, including payments, telematics, a freight marketplace, and vehicle financing, all aimed at empowering truck operators with efficient solutions to streamline their operations.

By March 31, 2024, BlackBuck had processed a Gross Transaction Value (GTV) of ₹173,961.93 million in payments, highlighting its widespread adoption among truck operators.

The platform also recorded a monthly average of 356,050 active telematics devices and facilitated 4,035 loans, totaling ₹1,967.88 million, underscoring its significant role in financing within the industry.

BlackBuck’s vehicle financing services reached 48 districts across seven states, demonstrating the company’s growing footprint in India’s logistics landscape.

BlackBuck IPO SWOT Analysis

Strengths

• Established Market Position: BlackBuck holds a significant market share, engaging 27.52% of Indian truck operators, which shows strong market penetration.
• Comprehensive Service Platform: The BlackBuck app offers an integrated suite of services including payments, telematics, freight marketplace, and vehicle financing, giving it a competitive advantage and making it a one-stop solution for truck operators.
• Strong Financial Metrics: With a Gross Transaction Value (GTV) of ₹173,961.93 million and a robust financing arm facilitating over ₹1,967.88 million in loans, the company demonstrates solid financial activity and scale.
• Growing Digital Adoption: The high monthly average of 356,050 active telematics devices reflects the platform’s adoption by operators, emphasizing BlackBuck’s ability to attract and retain users through digital services.

Weaknesses

• Dependence on the Trucking Sector: BlackBuck’s revenue streams heavily rely on the trucking industry, making it vulnerable to industry-specific risks such as regulatory changes, fuel price fluctuations, and economic slowdowns affecting logistics.
• Operational Costs: Managing a large digital and financing platform across multiple states can result in high operational expenses, potentially impacting profitability, especially with the cost-heavy telematics and financing services.
• Competition in Digital Logistics: The logistics tech industry is highly competitive, with new players emerging frequently. BlackBuck must continuously innovate to retain its market position and fend off rivals with similar service offerings.

Opportunities

• Expansion in Vehicle Financing: With existing operations in only 48 districts across seven states, BlackBuck has room to expand its vehicle financing services, potentially capturing a larger market share across India.
• Increasing Digitization in Logistics: As the logistics industry increasingly adopts digital solutions, BlackBuck’s platform could benefit from the sector’s digital transformation, opening up more opportunities to onboard truck operators.
• Potential for International Expansion: The company’s established model and digital platform could be adapted to serve logistics markets in other developing nations with fragmented trucking industries.
• Rising Demand for Telematics and Data Analytics: The increasing importance of data-driven operations in logistics could boost demand for BlackBuck’s telematics services, helping operators optimize routes and fuel efficiency.

Threats

• Regulatory Changes in Logistics and Fintech: BlackBuck’s operations are exposed to risks from changing regulations in the logistics and fintech sectors, which could impose restrictions on its payments and financing services.
• Economic Volatility: Macroeconomic conditions such as inflation, fuel price increases, or slowdowns in trade could negatively affect the demand for trucking and logistics services, impacting BlackBuck’s revenue.
• Cybersecurity Risks: As a digital platform handling payments and telematics, BlackBuck faces cybersecurity risks. Data breaches or fraud could impact user trust and lead to legal and financial repercussions.
• Credit Risk in Financing: BlackBuck’s vehicle financing arm carries inherent credit risk. Economic downturns or defaults on loans by truck operators could impact the company’s financial stability.

BlackBuck IPO GMP Details

BlackBuck-Zinka Logistics IPO last GMP is ₹0, last updated Nov 13th 2024. With the price band of 273.00, BlackBuck-Zinka Logistics IPO’s estimated listing price is ₹273 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.

**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.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
13-11-2024 Open	273.00	₹0	—	₹273 (0%)	13-Nov-2024
12-11-2024	273.00	₹0	—	₹273 (0%)	12-Nov-2024
11-11-2024	273.00	₹24	1000/14000	₹297 (8.79%)	11-Nov-2024
10-11-2024	273.00	₹24	1000/14000	₹297 (8.79%)	10-Nov-2024

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

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BlackBuck IPO subscription status 

Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

BlackBuck IPO Allotment status 

The allotment status of BlackBuck IPO is expected to be available on November 19, 2024.

BlackBuck IPO allotment status is not available at this time. BlackBuck IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Zinka Logistics Solution Limited IPO allotment status.

To check BlackBuck IPO allotment status, follow the steps below:

1. Click on the below allotment status check button.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to zinka.ipo@kfintech.com.

BlackBuck IPO Lead Manager

1. Axis Capital Limited
2. Morgan Stanley India Company Pvt Ltd
3. Jm Financial Limited
4. Iifl Securities Ltd

BlackBuck IPO Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: zinka.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

BlackBuck IPO Contact Details

Zinka Logistics Solution Limited
Vaswani Presidio, no. 84/2,
II Floor, Panathur Main Road, Kadubeesanahalli,
Off Outer Ring-Road, Bengaluru 560103,
Phone: +91 8046481828
Email: cs@blackbuck.com
Website: https://www.blackbuck.com/

 

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.