Zinka Logistics Solution Limited – Globe Capital Market LTD.
Zinka Logistics Solution Limited
Closed
Price Band
₹259 to ₹273 per share
IPO Issue Period
November 13, 2024 to November 18, 2024
Issue Size
₹1,114.72 Cr
Face value
₹1 per share
Fresh issue
₹550.00 Cr
Offer for sale
₹564.72 Cr
Minimum Shares for Retail
54 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Kfin Technologies Limited
Tentative Listing Date
Thursday, November 21, 2024
QIB
75%
NII
15%
Retail
10%

Axis Capital Limited
Morgan Stanley India Company Pvt Ltd
Jm Financial Limited
Iifl Securities Ltd

Zinka Logistics Solution Limited offers a digital platform, the BlackBuck app, for truck operators. In the fiscal year 2024, 963,345 truck operators in the country conducted their business through the platform, representing 27.52% of all Indian truck operators.

Zinka Logistics Solution’s BlackBuck app is a platform that offers payments, telematics, a freight marketplace, and vehicle financing services to help truck operators achieve their goals efficiently. As of March 31, 2024, the company had a monthly average of 356,050 active telematics devices and has facilitated 4,035 loans with a total value of Rs. 1,967.88 million. As of March 31, 2024, the company offered vehicle financing to customers in 48 districts across seven states in India.

For the year/period ended (Rs. in Cr.)

H1FY24 FY23 FY22
Total Revenue 316.51 195.09 156.13
Profit After Tax -193.95 -290.50 -284.56
EPS (9.06) (12.93) (12.96)
OPM (%)
PATM (%)

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23
Zinka Logistics Solutions Limited           *4817 273 14.6 316.51 -193.95
CE Info Systems Ltd. 11,283.01 2,073.95 16.6 82.03 379.42 135.9

 

 

 

  • It is India’s largest platform for digital truck operators.
  • It has a wide network of truck operators built over the nine years of its existence.
  • New offerings to address market gaps and fulfil customer needs.
  • A strong multi-channel sales network and an effective sales and service strategy promote customer acceptance.
  • High-growth business with operational leverage and high profitability.
  • Experienced management team.
  • 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.

At the upper band of IPO price, the stock is overvalued. Hence, Well-informed investors subscribe for long term

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