BlackBuck IPO to open on November 13 to raise Rs 1,114.72 crore via a combination of fresh shares and offer for sale. The company will sell 2.01 crore fresh shares amounting to Rs 550 crore and an offer for sale of 2.07 crore shares aggregating to Rs 564.72 crore. The company’s IPO price band ranges between Rs 259 to Rs 273 per equity share.
Zinka Logistics Solution IPO GMP
The company’s stocks were fetching a grey market premium of 8.8%, indicating a listing pop. The grey market is an unregulated place to trade shares illegally ahead of listing. Market participants keep an eye on GMP to track listing gains.
BlackBuck IPO allotment and listing
The company’s share will be finalised on November 19 by the registrar of the issue, Kfin Technologies. The listing on the bourses – NSE and BSE – will likely be on November 21.
Minimum investment required
A retail application needs a minimum of 54 shares, which amounts to Rs 14,742. There are different lot sizes for small and big NIIs. A small NII needs to apply for 14 lots of 756 shares, amounting to Rs 2,06,388 and for a big NII the minimum lot size is 68 lots of 3,672 shares, amounting to Rs 10,02,456.
Employee Reservation
The issue includes a reservation of up to 26,000 shares for employees offered at a discount of Rs 25 to the issue price.
About Zinka Logistics Solution
Zinka Logistics Solution offers a digital platform, the BlackBuck app, for truck operators. In the fiscal year 2024, 963,345 truck operators in the country conducted their business through it, representing 27.52% of all Indian truck operators. The BlackBuck app by Zinka Logistics Solutions provides payments, telematics, a freight marketplace, and vehicle financing to help truck operators work more efficiently.
Lead book runners
Axis Capital, Morgan Stanley India Company, JM Financial, and IIFl Securities are the book-running lead managers of the IPO.
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