🔔 BlackBuck (Zinka Logistics) IPO Alert!

🗓️ Dates: 13 Nov 2024 – 18 Nov 2024
💰 Price Band: ₹259 – ₹273
📦 Lot Size: TBA
🔍 Issue Size: ₹1,114.72 Cr.
📈 GMP (Grey Market Premium): ₹0

🎯 Objective:

• ₹550 Cr for fresh issues (business expansion and general corporate purposes).

• Remainder as an offer for sale by existing shareholders.

📊 Key Highlights:

• Business: India’s largest platform connecting truckers and shippers, providing efficient logistics solutions.

• Strengths: 62% revenue growth in 2024; strong client base; reputed management team.

• Risks: Consistent financial losses; reported ₹193.95 Cr loss in 2024 against ₹290.5 Cr in 2023.

⚡ Quick Review:

• Subscription Details: Subscribed 0.24x on Day 1 (54.24 lakh shares out of 2.25 crore on offer).

• Revenue: ₹316.51 Cr (2024) vs. ₹195.09 Cr (2023).

• Profit/Loss: ₹193.95 Cr loss (2024) vs. ₹290.5 Cr loss (2023).

👉 Stay updated for allotment status, GMP trends, and listing performance!