Zinka Logistics IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Zinka Logistics

CMP

340.75

-6.95 (-2.00%)

  • DRHP
₹273

Offer Price

₹ 1,114.72 Cr

Issue Size

₹ 14,742

Min Investment

1.86x

Times Subscribed

54

Lot size

Time Line

  • 13
    Nov 2024
    Open
  • 18
    Nov 2024
    Close
  • 19
    Nov 2024
    Finalisation of Basis of Allotment
  • 21
    Nov 2024
    Initiation of Refunds
  • 21
    Nov 2024
    Transfer of Shares to Demat Account
  • 22
    Nov 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Deepen distribution and continue strengthening the truck operator base.

  • Continue investing in our core verticals of payments and telematics.

  • Focus on growing our loads marketplace and vehicle finance verticals.

  • Continue to innovate, launch new offerings and solve problems for truck operators.

  • Continue to scale and invest in technology infrastructure and data science capabilities.

Strengths

  • We are India`s largest digital platform for truck operators.

  • We have strong network effects of platform resulting in robust customer retention rates and higher monetization.

  • We have a repeatable playbook of creating and launching new offerings.

  • We have an omnichannel distribution network with robust sales and service strategy driving customer adoption.

  • We have a scalable and reliable in-house technology integrating with multiple stakeholders.

Risks

  • Some of its Investors have transferred 266,644 Equity Shares to Rajesh Kumar Naidu Yabaji, one of the company Promoters in the month of October 2024 as a gift/Rs.1 per Equity Share. These transfers did not involve any quid pro quo arrangements and were not contingent on the Company achieving certain business / financial milestone or listing of Equity Shares on the Stock Exchanges. There was no agreement subsisting prior to the DRHP to effect these transfers and accordingly were not disclosed in the DRHP. The said transfers will result in a gain of Rs.[*] million at the upper end of the price band to Rajesh Kumar Naidu Yabaji.

  • The Company and its Subsidiary, TZF Logistics Solutions Private Limited have incurred losses and witnessed negative operating cash flows in the past. Further, its Subsidiary, BlackBuck Finserve Private Limited, has witnessed negative operating cash flows in the past three financial years.

  • The company depends on its business partners in its payments and vehicle financing offerings. The company partners in its payments offering contribute to a significant portion of its revenues (41.04% and 42.50% of total revenue from continuing operations in the three months ended June 30, 2024 and Fiscal 2024, respectively) and one of its FASTag Partner Banks contributed to 29.62% and 33.51% of total revenue from continuing operations in the three months ended June 30, 2024 and Fiscal 2024, respectively. The loss of any such partners may adversely affect its business, results of operations and financial condition.

  • Its revenues are significantly dependent on the company payments and telematics offerings, which contributed 92.79% and 94.53% to its total revenue from continuing operations in the three months ended June 30, 2024 and Fiscal 2024, respectively. Any negative impact on these offerings could materially affect its business, results of operations and financial condition.

  • The company depends on certain key suppliers to procure a significant portion of its vehicle tracking solutions. The company does not enter into long-term agreements with these suppliers and any denial of supplies or loss of the relationship with these suppliers or any supply chain disruption could adversely affect its business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
6.08%
Pre Holding

32.91%

Post Holding

26.83%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 866.73 (-) 832.57 (-3.90%) 175.68 (-78.90%)
Gross Profit -229.98 (-) -268.99 (-17.00%) -269.92 (-0.40%)
Net Income -241.44 (-) -284.55 (-17.90%) -290.50 (-2.10%)
Assets 670.14 (-) 786.66 (17.40%) 533.41 (-32.20%)
Liabilities 399.10 (-) 201.58 (-49.50%) 181.00 (-10.20%)

Book Running Managers

  • Axis Capital Ltd
  • Morgan Stanley India Company Pvt Ltd
  • JM Financial Ltd
  • IIFL Securities Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

Vaswani Presidio #.84/2 2nd Fr,
Panathur Main Rd Kadubeesanaha,
Bangalore - 560103
Phone : +91 80464 81828 Email : cs@blackbuck.com www.blackbuck.com

Offer Related Information

Initial public offering of 40,834,701 equity shares of face value of Re. 1 each ("Equity Shares") of Zinka Logistics Solutions Limited ("Company") for cash at a price of Rs. 273 per equity share (including a share premium of Rs. 272 per equity share) ("Offer Price") aggregating to Rs. 1114.72 crores^ comprising a fresh issue of 20,148,901 equity shares of face value of Re. 1 each aggregating to Rs. 550.00 crores^ by the company ("Fresh Issue") and an offer for sale of 20,685,800 equity shares... More

News

  • No Data Found.

Zinka Logistics FAQ's

The shares of Zinka Logistics were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Zinka Logistics IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Zinka Logistics public issue was 125 shares.

The price band of the IPO of Zinka Logistics was Rs. 114 to Rs. 120 per equity share.

Zinka Logistics IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Zinka Logistics IPO.

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