Zinka Logistics IPO Subscription: Don't apply for this IPO before checking Anil Singhvi's view
Zinka Logistics IPO (BlackBuck IPO): The initial public offer of Zinka Logistics Solutions Ltd is open for subscription. The Rs 1,115 crore IPO got subscribed 24 per cent on the first day of bidding.
Zinka Logistics IPO (BlackBuck IPO): Subscription Date
Zinka Logistics IPO (BlackBuck IPO): Price Range
Zinka Logistics IPO (BlackBuck IPO): Fresh issue of shares worth Rs 550 crore
Zinka Logistics IPO (BlackBuck IPO): Anil Singhvi's View
Zinka Logistics IPO (BlackBuck IPO): Positives
Zinka Logistics IPO (BlackBuck IPO): Negatives
Zinka Logistics IPO (BlackBuck IPO): How the company plans to use proceeds
Zinka Logistics IPO (BlackBuck IPO): Proceeds from the fresh issuance to the extent of Rs 200 crore will be used for sales and marketing initiatives; Rs 140 crore for investment in Blackbuck Finserve for financing the supporting the capital base to meet future capital requirements; Rs 75 crore for funding of expenditure in relation to product development, and a portion will be used for general corporate purposes.
Zinka Logistics IPO (BlackBuck IPO): What does the company do?
Zinka Logistics IPO (BlackBuck IPO): Zinka Logistics is dedicated to transforming the trucking industry in India by digitally empowering truck operators to manage their businesses and increase their earnings. The company's BlackBuck app serves as a comprehensive platform, providing solutions for payments, telematics, load management and vehicle financing.