Zinka Logistics’ BlackBuck IPO Opens Next Week: Here’s What You Need to Know
BlackBuck, operated by Zinka Logistics Solution, is set to launch its IPO on November 13 with a target of raising ₹1,114.72 crore. The offering will include both fresh shares and an offer for sale. A total of 2.01 crore fresh shares will be issued, contributing ₹550 crore, while an offer for sale of 2.07 crore shares will raise an additional ₹564.72 crore. The IPO is priced within a band of ₹259 to ₹273 per equity share.
Zinka Logistics Solution IPO Grey Market Premium
In the grey market, BlackBuck shares are currently attracting an 8.8% premium, suggesting potential for listing gains. Although unregulated, grey market trends often provide a glimpse into anticipated listing performance.
IPO Allotment and Listing Dates
Kfin Technologies, the IPO’s registrar, will finalize share allotments by November 19. BlackBuck’s shares are expected to debut on the NSE and BSE on November 21.
Minimum Investment Requirements
Retail investors will need a minimum investment of 54 shares, totaling ₹14,742. For small non-institutional investors (NIIs), a minimum of 14 lots (756 shares), amounting to ₹2,06,388, is required, while larger NIIs must invest in 68 lots (3,672 shares), equaling ₹10,02,456.
Employee Share Reservation: Up to 26,000 shares are reserved for BlackBuck employees, with a ₹25 discount applied to the IPO price.
About BlackBuck and Zinka Logistics Solution
Zinka Logistics Solution’s BlackBuck app serves as a comprehensive digital platform for truck operators across India. In FY 2024, 963,345 truck operators — representing 27.52% of Indian truck operators — utilized BlackBuck for payments, telematics, freight matching, and vehicle financing.
Lead Managers for the BlackBuck IPO
The IPO is managed by Axis Capital, Morgan Stanley India, JM Financial, and IIFL Securities, who serve as the book-running lead managers.
