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Zinka Logistics IPO listed

Zinka Logistics IPO GMP

Zinka Logistics IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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  • GMP
  • Reviews
  • Subscription
  • Allotment

What is the latest news relating to Zinka Logistics IPO?   

After 2 days of subscription, the IPO has received not so impressive subscription. The fancy in the grey market has gone.

What is the latest GMP of Zinka Logistics IPO? 

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Zinka Logistics IPO Subscription Status

Zinka Logistics IPO Subscriptions
(Closed on 18 Nov. 2024
)

Price Rs. 273 Lot 54 shares, Rs. 1114.72 Crore

QIB B HNI X S HNI X NII X RII X Total X
2.72 0.18 0.37 0.24 1.87 1.87
Applications: 129,071 / (1.71x)
Amount wise Bids recd. Rs. ? Crore

 

Who are the promoter of Zinka Logistics IPO?   

The Promoters of the company are Rajesh Kumar Naidu Yabaji, Chanakya Hridaya and Ramasubramanian Balasubramaniam

What are the Objects of Zinka Logistics IPO?

The company propose to utilise 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.

What is the business of Zinka Logistics?

Zinka Logistics Solution Limited: Revolutionizing India’s Trucking Industry with Digital Solutions

Founded in April 2015, Zinka Logistics Solution Limited has become a leading digital platform for truck operators in India. Through its flagship offering, the BlackBuck App, the company has empowered over 963,345 truck operators as of fiscal year 2024, representing 27.52% of the total truck operators in the country. With a robust range of services including payments, telematics, load marketplace, and vehicle financing, Zinka Logistics is driving innovation and operational efficiency in India’s vast logistics ecosystem.

Empowering Truck Operators: Core Offerings of the BlackBuck App

The BlackBuck App is designed to streamline the operations of truck operators by providing them with a comprehensive digital platform that offers the following key services:

  1. Payments: Enabling seamless and secure transactions for truck operators, making it easier to handle payments across the logistics chain.
  2. Telematics: Offering advanced vehicle tracking and monitoring capabilities to improve fleet management and operational efficiency.
  3. Load Marketplace: Connecting truck operators with freight providers, ensuring better load optimization and reduced idle time.
  4. Vehicle Financing: Facilitating easy access to financing for truck operators to purchase new vehicles or upgrade their fleet.

As of March 31, 2024, Zinka Logistics has processed a Gross Transaction Value (GTV) of Rs 173,961.93 million in payments, demonstrating the scale and success of its platform.

Key Metrics: Scale and Impact

  • Active Telematics Devices: As of March 31, 2024, the company has deployed 356,050 active telematics devices on an average monthly basis, allowing real-time tracking and data-driven decision-making for fleet owners.
  • Vehicle Financing: Zinka Logistics has facilitated 4,035 loans amounting to a total of Rs 1,967.88 million as of March 31, 2024. These loans have helped numerous truck operators upgrade their fleets, contributing to the growth of India’s transportation infrastructure.
  • Geographical Reach: The company currently provides vehicle financing services across 48 districts in seven states in India, making it one of the largest vehicle financing networks for truck operators in the country.

Competitive Advantages: Why Zinka Logistics Stands Out

Zinka Logistics has established itself as the largest digital platform for truck operators in India, and its competitive strengths include:

  1. Extensive Network: With over nine years of operations, Zinka Logistics boasts a broad and growing network of truck operators, enhancing its market reach and influence.
  2. Innovative Solutions: The company continually introduces new offerings to address gaps in the market and fulfill the evolving needs of its customers.
  3. Multichannel Distribution: A strong multichannel distribution strategy helps drive customer acquisition and ensures a seamless user experience for truck operators.
  4. High-Growth Business: Zinka Logistics operates with strong unit economics, enabling scalable growth and efficient operations that create value for both the company and its customers.
  5. Experienced Leadership: The company is led by a seasoned management team with deep expertise in logistics, technology, and finance, positioning Zinka Logistics for long-term success in the competitive market.

Workforce and Talent

As of March 31, 2024, Zinka Logistics employs a dedicated workforce of 4,289 people, reflecting the company’s commitment to hiring top talent and fostering a culture of innovation. The diverse and skilled team plays a key role in driving the company’s strategic initiatives and ensuring customer satisfaction.

Future Outlook

As Zinka Logistics continues to grow its platform and expand its service offerings, the company is poised to further enhance its leadership position in the digital logistics sector in India. With a clear focus on customer needs, operational efficiency, and innovation, Zinka Logistics is set to continue shaping the future of India’s trucking industry.


ConclusionZinka Logistics Solution Limited, through the BlackBuck App, has redefined the logistics landscape for truck operators in India. By offering a range of services such as seamless payments, advanced telematics, load optimization, and vehicle financing, Zinka Logistics is helping operators achieve greater efficiency and profitability. With a large, growing network and a proven business model, Zinka Logistics is a key player in the digital transformation of the Indian trucking industry.

For more information, click https://www.blackbuck.com/

Zinka Logistics IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Zinka Logistics IPO Details 

IPO opens on  13 November 2024 
IPO closes on  18 November 2024 
Issue Type Book Built Issue IPO
Issue Size 40832320 Shares /
Rs 1114.72 Crore
* Fresh Issue 20146520 Shares /
Rs 550 Crore
* Offer for Sale  20685800 shares/
Rs.564.72 Crore
   
Face Value per share: Rs. 1
Price Band  Rs.259-273
Retail Discount  Rs 0 per share
Employee discount  Rs. 0 per share
Retail Lot Size  54 Shares
Listing will at  BSE, NSE

Shares offered in
Zinka Logistics?

Shares Rs. in Cr
QIB (75 %)  30624240 836.04
NII (15 %)  6124848 162.21
RII (10 %)  4083232 111.47
Employees
Total Shares  40832320 1114.72
Retail portion will be oversubscribed by  75615 Forms.
How to apply in Zinka Logistics IPO? Amount
Rs.
Min Retail Application     54 Shares 14742
Max Retail Application    702 Shares 191646
Small HNI (Min) application  756 Shares 206388
Small HNI (Max) application 3618 Shares 987714
Big HNI Application 3672 Shares 1002456

What is the timetable of Zinka Logistics IPO?

IPO opens on 13 November 2024
IPO Closes on 18 November 2024
IPO Allotment on  19 November 2024
Unblocking of ASBA  20 November 2024
Credit of Shares 20 November 2024
Listing on 21 November 2024
Registered Office of Zinka Logistics
Zinka Logistics Solution Limited
Vaswani Presidio, no. 84/2,
II Floor, Panathur Main Road, Kadubeesanahalli,
Off Outer Ring-Road, Bengaluru 560103
Who are the Lead Managers of Zinka Logistics IPO?
Axis Capital Limited
Morgan Stanley India Company Pvt Ltd
Jm Financial Limited
Iifl Securities Ltd
Registrar to IPO
KFin Technologies Limited

Zinka Logistics IPO Financial & Analytical Ratios

Year Total Income Net Profit EPS RoNW
  Rs. in Cr Rs.in Cr Rs. %
2021-22 156 (-)285 -12.96  
2022-23 195 (-)291 -12.93  
2023-24  317 (-)194 -9.06  
Book Value of the
Share on 31.03.2024
Rs. 16.89    
BV after the FPO Rs. ?    
Offer Price at Cap Rs.  273    
Zinka Logistics IPO
Ratio Analysis
Price /EPS NA
Price/Book Value Ratio 16.16
Price/BV after IPO  ?

How Zinka Logistics IPO compares with the Peers?

As on date of DRHP FV Total  PE
  Rs. Income Ratio of
    Rs. In Cr  
Zinka Logistics 1 317 N.A.
C E Info Systems 2 92.90
       
       
       
       
       
       

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Zinka Logistics IPO GMP grey market premium, review, Subscription, allotment, listing estimate