Explore the Zinka Logistics (Blackbuck) IPO with details on its issue size of ₹1114 crore, the price band is 259-273 and current Zinka Logistics IPO GMP Today at present is nill or 0. The company has shown strong growth, with revenue of ₹316.51 crore in FY 2024 and assets of ₹654.32 crore. Find out if the IPO is worth applying for based on its financial performance and GMP trends today.
| Table Of Content |
|---|
| Zinka Logistics IPO GMP Today |
| Zinka Logistics |
| Zinka Logistics IPO Issue Details |
| Zinka Logistics Important Dates |
| Blackbuck IPO Financial Performance |
| Zinka Logistics IPO Good Or Bad |
| Top FAQs |
Zinka Logistics IPO GMP Today
The grey market premium (GMP) is like an unofficial snapshot of investor sentiment before the IPO hits the market. Here’s a look at Blackbuck GMP in recent days:
| Date | GMP (Estimated) |
|---|---|
| 5 Days Ago | ₹0 |
| 4 Days Ago | ₹0 |
| 3 Days Ago | ₹0 |
| 2 Days Ago | ₹20 |
| Today | ₹0 |
Note: GMP fluctuates daily. A rising GMP usually reflects higher demand and suggests positive listing potential, while a lower or stable GMP might show cautious sentiment among investors. Tracking it daily, especially as the IPO progresses, can give more insight into how the market perceives this offering.
Zinka Logistics
Zinka Logistics, popularly known as Blackbuck, has carved out a significant role in India’s logistics sector. Founded in 2015, Blackbuck specializes in digitizing trucking operations, helping truck owners improve load management, fuel efficiency, and routing through a digital platform. The company’s platform connects truckers and shippers, simplifying the movement of goods across India. Backed by investors like Flipkart, Blackbuck’s business has seen tremendous growth, and now it’s ready to go public with its IPO.
Zinka Logistics IPO Issue Details
Here’s a quick breakdown of what Blackbuck’s IPO offers:
| Attribute | Details |
|---|---|
| IPO Issue Size | ₹1,114.72 crore |
| Offer for Sale (OFS) | 2.06 crore shares |
| Price Band | ₹259 – ₹273 per share |
| Lot Size | 54 shares (₹14,742 per lot) |
| Investor Allocation | QIB: 75%, NII: 15%, Retail: 10% |
| IPO Type | Main-board, listed on BSE & NSE |
This IPO includes a fresh issue of ₹550 crore and an OFS, which allows existing shareholders to sell part of their stake. The retail portion is relatively small (10%) compared to institutional investor allocations. It’s targeted mainly at institutional and high-net-worth investors, reflecting the expected interest from larger players.
Zinka Logistics Important Dates
| Event | Date |
|---|---|
| IPO Opens | November 13, 2024 |
| IPO Closes | November 18, 2024 |
| Allotment Date | November 19, 2024 |
| Listing Date | November 21, 2024 |
These dates give a sense of the IPO timeline, from the opening day for subscriptions to the expected listing date. Watch out for the early days of the subscription period; strong demand can sometimes indicate higher investor confidence.
Blackbuck IPO Financial Performance
Here’s a closer look at some of Blackbuck’s key financial numbers, helping potential investors assess its performance.
| Financial Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenue (₹ Crore) | ₹156.13 | ₹195.09 | ₹316.51 |
| Profit After Tax (₹ Crore) | ₹284.56 | ₹290.50 | ₹193.95 |
| Assets (₹ Crore) | ₹899.68 | ₹654.25 | ₹654.32 |
These figures reveal the company’s strong growth in revenue in FY 2024, although the profit after tax has seen a decline compared to FY 2023. The company continues to invest in its operations, as reflected in the increasing expenses
Please note that the data and analysis are derived from the company’s official filings and available reports for the specified periods. For more detailed insights, you can refer to Zinka’s financial disclosures and market reports.
Should You Apply for Blackbuck IPO? Zinka Logistics IPO Good Or Bad
Pros:
- Pioneering Digital Logistics: Blackbuck has established a strong presence in India’s logistics tech sector, setting it apart as a leader in digital trucking.
- Strong Capital Utilization: High RoNW and a scalable platform position Blackbuck to benefit from the expanding logistics industry.
- Revenue Growth Potential: The company’s digital platform appeals to a broad market, and its rapid growth aligns with increased logistics demand in India.
Cons:
- Profitability Challenges: While revenue is growing, the company’s focus on expansion means it’s yet to achieve consistent profitability.
- Investor Sentiment: With a variable GMP, it’s clear that investors are approaching this IPO with some caution, which may affect listing gains.
Verdict: Blackbuck’s IPO may be suitable for investors with a higher risk tolerance, especially those seeking long-term exposure to India’s digital logistics market. The IPO’s mixed financials make it less attractive for those looking for stability but promising for growth-focused investors who believe in the logistics sector’s potential.
Top FAQs
1. What is Blackbuck IPO’s GMP today?
- GMP is at 0 rupee, it can change frequently; checking known platforms will give you the most recent update.
2. Is Blackbuck IPO good or bad?
- Blackbuck’s IPO offers both potential and risk. It’s seen as promising by those optimistic about logistics tech in India, while profitability concerns may deter conservative investors.
3. What is the price band for Blackbuck IPO?
- The price band is between ₹259 and ₹273 per share.
4. How can I apply for the Blackbuck IPO?
- You can apply using ASBA (through your bank) or UPI-enabled brokerage apps like Zerodha or Groww.
5. When will Blackbuck IPO list on the stock exchange?
- The expected listing date is November 21, 2024, on both NSE and BSE.
Is any chances of increasing GMP, upto what percentage GMP is considered as good.