NOVEMBER 12, 2024

Zinka Logistics IPO: 5 things to know

Founded in 2015, Zinka Logistics’ BlackBuck app offers a digital platform for truck operators. The app served nearly 1 million truck operators in FY24, catering to 27.5% of truck operators in India. 

About the company

The IPO will open for subscription on November 13, 2024, and close on November 18, 2024.

Issue dates

The total issue size is ₹1,114.72 crore, comprising a fresh issue of  2.01 crore shares worth ₹550 crore and an offer for sale of 2.07 crore shares worth ₹564.72 crore.

Issue size

The price band is set at ₹259 to ₹273 per share, with a minimum investment of ₹14,742 for a lot of 54 shares.

Price band

The company plans to use the net proceeds for sales and marketing, investment in its NBFC arm Blackbuck Finserve for capital growth, product development expenses, and general corporate purposes.

Purpose of the IPO

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