BlackBuck (Zinka Logistics) is India’s largest trucking system that offers various services for truck operators and drivers with the technology. As per reports, BlackBuck is the market leader with a market share of 27.52 truck operators. Recently, the company announced its IPO, if are planning to apply for it, the BlackBuck IPO GMP (Grey Market Premium) today to know its current demand among the top investors.
The BlackBuck (Zinka Logistics) bidding date is 13 Nov – 18 Nov and the price band is set to Rs. 259 to Rs. 273. For a retail investor, the minimum investment is Rs. 14,742 (54 shares). The issue size of the IPO is Rs. 1,114.72 Crore.
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BlackBuck (Zinka Logistic) IPO GMP Today
Disclaimer: You should not completely rely on the IPO GMP as it is not an accurate indicator, and its trend may change rapidly anytime. Before applying for an IPO, you should check various things like Brokerage or Expert view, Subscription Levels or Status, Risks Involved, Financials, Industry and Market Conditions, Valuations, Company Fundamentals, Promoters and management, etc.
| Date | Live IPO GMP | EST. Listing Gains | Price Band | IPO Size | Bidding Dates |
|---|---|---|---|---|---|
| 17 Nov, 2024 (Today) | ₹NA | ₹273.0 (0%) | ₹259 – ₹273 | ₹1,114.72Cr | 13 Nov – 18 Nov |
About BlackBuck (Zinka Logistics Solution)
Zinka Logistics Solutions Limited was founded in 2015, it is a large-cap logistics sector company. The company provides various services for truck drivers and operates to grow their business with the BlackBuck app. BlackBuck is the market leader with a market share of 27.52 truck operators.
With the BlackBuck app, the company provides various services and products to TruckDrivers that help them in various ways. Some of the products and services are-
BlackBuck FASTag
BlackBuck provides FASTag to the truck drivers and operators. They can see all the transactions, recharge FASTag, Auto-recharge, etc. through the same app smoothly.
BlackBuck GPS
GPS is a well-known technology. With GPS the BlackBuck protects trucks from theft using BlackBuck Relay.
BlackBuck Fuel Cards
It is a fuel card by BlackBuck to pay for the petrol pumps. BlackBuck is partnered with 85% of fuel pumps to provide the services to the truck drivers and operators.
There are various other services that the company provides to truck drivers and operators.
IPO Details
| IPO Type | Mainboard |
| IPO Open Date | 13 Nov, 2024 |
| IPO Close Date | 18 Nov, 2024 |
| IPO Listing Date | 21 Nov, 2024 |
| IPO Refund Date | 20 Nov, 2024 |
| IPO Allotment Date | 19 Nov, 2024 |
| IPO Demat Credit Date | 20 Nov, 2024 |
| IPO Price Band | ₹259 to ₹273 Per Share |
| IPO Listing | NSE & BSE |
| Issue Size | Approx ₹1,114.72Cr |
| Fresh Issue | Approx ₹550Cr |
| Offer For Sale | Approx 20,685,800 Equity Shares |
| NII Quota | Not More Than 15% |
| QIB Quota | Not More Than 75% |
| Retail Quota | Not More Than 10% |
| Prospectus | Click Here |
FAQs
Currently, BlackBuck IPO GMP Today is not available. Once the IPO GMP will live, we will start updating it.
Quarterly Results: Currently two-quarter results are publically available of the Zinka Logistics Solutions Ltd company i.e. Jun 2023 and Jun 2024. In the June 2023 quarter, the company has shown a net loss of Rs. 36 Crore. In the June 2024 quarter, the company made a profit of Rs. 29 Crore.
Annual Profit & Loss: Currently 4 years of annual profit and loss data of the company is available i.e. March 2021 to March 2024. In each year, the company made a huge loss. You can check the company losses on any screener or platform you use.
The BlackBuck is an app for truck drivers and operators. It offers various products like FASTag, GPS, Fuel Cards, Load Marketplace, Loans, etc. In some products, there are various features to help the users.
Final Words
Zinka Logistics Solutions Ltd is a large-cap logistics sector company. Recently, the company announced its IPO. Currently, it is a loss-making company on an annual basis but has shown a profit of Rs. 29 Crore in the June 2024 quarter. If you are also applying for the IPO, the BlackBuck IPO GMP (grey market premium) can tell the estimated listing in the NSE and BSE.