Zinka Logistics Solutions IPO: 10 things to know before subscribing

The initial public offering (IPO) of Zinka Logistics Solutions Limited (BlackBuck) is set to open for bidding from November 13, 2024, looking to raise Rs 1,114.72 crore.
Zinka Logistics Solution Limited, established in April 2015, operates a digital platform called the BlackBuck app tailored for truck operators. By the fiscal year 2024, 963,345 truck operators in India used this platform, making up 27.52% of the country’s truck operators.
The BlackBuck app from Zinka Logistics Solution provides a comprehensive range of services, including payments, telematics, a freight marketplace, and vehicle financing, aimed at supporting truck operators in managing their operations efficiently.
Subscription period: The IPO of Zinka Logistics Solutions will be open for subscription from November 13 till November 18, 2024.
Price band: The price band for the Zinka Logistics Solutions IPO is set between Rs 259 to 273 per share.
Fundraising target: Zinka Logistics Solutions IPO is a book-built issue worth Rs 1,114.72 crore.
Issue division: The IPO is a combination of fresh issue of 2.01 crore shares aggregating to Rs 550 crore and an offer for sale of 2.08 crore shares aggregating to Rs 564.72 crore.
Lot size: The minimum lot size for an application is 54 shares, requiring a minimum investment of Rs 14,742 for retail investors.
The minimum investment for sNII is set at 14 lots, equating to 756 shares, with a value of Rs 2,06,388. For bNII, the minimum lot size is 68 lots or 3,672 shares, amounting to Rs 10,02,456.
Additionally, the issue reserves up to 26,000 shares for employees, who will receive a Rs 25 discount on the issue price.
Allotment and listing date: Finalisation of share allocation for the Zinka Logistics Solutions IPO is expected on Tuesday, November 19, 2024. The shares are expected to list on stock exchanges on Thursday, November 21, 2024.
Registrar: Kfin Technologies Limited is the registrar for the issue of Zinka Logistics Solutions IPO.
Listing platforms: The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Grey market premium (GMP): The grey market premium (GMP) for Zinka Logistics Solutions IPO is Rs 24. With the IPO’s price band capped at Rs 273, the estimated listing price is Rs 297, giving a potential gain of around 8.79% over the issue price.
Subscribe or skip: “We recommend to subscribe the IPO with a long-term perspective,” said an IPO report from Bajaj Broking.
Zinka Logistics Solution Ltd. (ZLSL) is India’s largest digital platform for truck operators by user count, with 963,345 truck operators using its platform in Fiscal 2024, representing 27.52% of the country’s truck operators.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)