Zinka Logistics Solution Limited IPO (BlackBuck IPO) is one of the upcoming IPO in India. Zinka Logistics IPO is set to open for subscription on November 13, 2024, and closes on November 18, 2024.
The IPO allotment is expected to be finalised on Tuesday, November 19, 2024. Zinka Logistics IPO will be listed on both BSE and NSE with a tentative listing date fixed as Thursday, November 21, 2024.
BlackBuck’s IPO is a book-built issue worth ₹1,114.72 crores. The offering comprises a fresh issue of 2.01 crore shares worth ₹550.00 crores and an offer for sale of 2.07 crore shares amounting to ₹564.72 crores. The price band for the IPO is set between ₹259 and ₹273 per share. The minimum lot size for retail investors is 54 shares, requiring a minimum investment of ₹14,742.
While you plan to invest in Zinka Logistics IPO, it’s crucial to review the company’s financial performance.
| Particulars | Three months ended June 30, 2024 | Three months ended June 30, 2023 | FY 2024 | FY 2023 | FY 2022 |
| Net Worth (₹ in million) | 3,449.79 | 3,335.43 | 3,112.93 | 3,526.64 | 5,850.76 |
| Total Income (₹ in million) | 983.30 | 643.59 | 3,165.14 | 1,950.92 | 1,561.28 |
| EBITDA (₹ in million) | 145.22 | -257.41 | -1,387.80 | -2,130.78 | -1,977.35 |
| Restated Profit from continuing
operations (₹ in million) |
323.78 | -333.18 | -1,669.86 | -2,368.49 | -2,303.49 |
| Cash and Cash Equivalents (₹ in million) | 1,167.24 | 860.63 | 1,290.09 | 790.94 | 665.88 |
| Total Assets (₹ in million) | 6,294.09 | 6,440.97 | 6,543.21 | 6,542.52 | 8,996.83 |
| Total Borrowings (₹ in million) | 1,610.11 | 1,580.76 | 1,737.35 | 1,658.35 | 1,990.00 |
In the three months ending June 30, 2024, the company’s revenue from continuing operations reached ₹921.66 million, with commission income being the highest revenue-generating segment at ₹378.75 million. For FY 2024, total revenue grew significantly to ₹2,969.22 million, driven primarily by strong growth in subscription and commission fees.
| Particulars | Three months ended June 30, 2024 | Three months ended June 30, 2023 | FY 2024 | FY 2023 | FY 2022 |
| Commission income (₹ in million) | 378.75 | 267.91 | 1,272.46 | 880.64 | 750.99 |
| Subscription fees (₹ in million) | 353.65 | 227.98 | 1,178.89 | 742.75 | 391.09 |
| Service fees (₹ in million) | 178.42 | 98.78 | 509.51 | 132.79 | 44.46 |
| Others (interest income from loans given, and revenues from other ancillary activities) (₹ in million) | 10.84 | – | 8.36 | 0.62 | 6.72 |
| Total Revenue from continuing operations (₹ in million) | 921.66 | 594.67 | 2,969.22 | 1,756.80 | 1,193.26 |
Zinka Logistics Solutions is India’s largest digital platform for truck operators, with 9,63,345 truck operators transacting on their platform in FY 2024, representing 27.52% of the country’s total truck operators. The company’s mission is to digitally empower these operators, helping them manage their businesses and increase their earnings. Through their platform, truck operators can manage payments for tolls and fuel, track drivers and fleets using telematics, find loads on their marketplace, and access financing for purchasing used vehicles.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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