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/
Last updated on 18-Nov-2024 18:45:08
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 12242611 | 33268698 | 2.72 |
| HNIs | 6121305 | 1490292 | 0.24 |
| HNIs 10+ | 4080870 | 740826 | 0.18 |
| HNIs 2+ | 2040435 | 749466 | 0.37 |
| Retail | 4080870 | 6941808 | 1.7 |
| Employees | 26000 | 256878 | 9.88 |
| Total | 22470786 | 41957676 | 1.87 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 5398 | 116 | 0.02 |
| HNIs (2-10L) | 2699 | 869 | 0.32 |
| Retail | 75572 | 124434 | 1.65 |
| Employee | - | 3931 | - |
| Total Applications: 129350 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 334.22 | 908.24 | 2.72 |
| FIIs | - | 467.08 | - |
| DIIs | - | 30 | - |
| Mutual funds | - | 401 | - |
| Others | - | 10.16 | - |
| HNIs | 167.11 | 40.68 | 0.24 |
| HNIs 10+ | 111.41 | 20.22 | 0.18 |
| HNIs 2+ | 55.7 | 20.46 | 0.37 |
| Retail | 111.41 | 189.51 | 1.7 |
| Employees | 0.71 | 7.01 | 9.88 |
| Total | 613.45 | 1145.44 | 1.87 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1 | @8% ₹1.14 | @9% ₹1.28 | @10% ₹1.42 | @11% ₹1.57 | @12% ₹1.71 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 54 | 14742 | 75572 |
| sHNI | 14 | 756 | 206388 | 2699 |
| bHNI | 68 | 3672 | 1002456 | 5398 |
BlackBuck IPO Details
| 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10.00% of Net Issue |
| NII (HNI) Shares Offered | Not more than 15.00% of the Net Issue |
Key Performance Indicator
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 9.93% | -53.64% | -67.16% |
| ROCE | 1.50% | -33.84% | -45.03% |
| RONW | 9.93% | -53.64% | -67.16% |
| D/E | 0.47 | 0.56 | 0.47 |
| EPS (Basic) | 1.76 | -9.06 | -12.93 |
| P/E (Pre IPO) | -22 | -22 | |
| P/E (Post IPO) | 37.2 | -24.84 |
Company Financials
Zinka Logistics Solution Limited Financial Information (Restated Consolidated) In Crores.
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.
| Period Ended | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| 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 | -290.5 | -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 |
| Amount in Crore | ||||
About Company
Strength
Market Leadership: As India's largest platform for digital truck operators, Zinka Logistics Solution Limited (BlackBuck) has a significant competitive edge and extensive market reach.
Extensive Network: With over nine years of operation, BlackBuck has built a vast and reliable network of truck operators, ensuring wide-scale service accessibility across the country.
Innovative Solutions: BlackBuck addresses market gaps with new offerings like telematics, payments, load marketplaces, and vehicle financing, meeting diverse customer needs and enhancing operational efficiency.
Weakness
History of Losses and Cash Flow Issues: Both the company and its subsidiaries, TZF Logistics Solutions and BlackBuck Finserve, have experienced past losses and negative operating cash flows, indicating financial challenges.
Reliance on Key Business Partners: The company’s revenue is highly dependent on partners in the payments segment, contributing 45.26% of total revenue in FY 2024. Losing any major partner could significantly impact financial performance.
Dependence on Core Offerings: Payments and telematics services accounted for 94.53% of total revenue in FY 2024. Any adverse changes in these areas could materially affect the company’s business and financial health.