Zinka Logistics IPO Subscription: Don't apply for this IPO before checking Anil Singhvi's view

Zinka Logistics IPO (BlackBuck IPO): Subscription Date

Zinka Logistics IPO (BlackBuck IPO): The subscription for the IPO, that started on Wednesday i.e. November 13, will end on November 18, 2024.

Zinka Logistics IPO (BlackBuck IPO): Price Range

Zinka Logistics IPO (BlackBuck IPO): The IPO is available at a price range of Rs 259-273 apiece for public subscription.

Zinka Logistics IPO (BlackBuck IPO): Fresh issue of shares worth Rs 550 crore

Zinka Logistics IPO (BlackBuck IPO): The IPO is a combination of a fresh issue of shares worth Rs 550 crore and an offer of sale (OFS) of up to 2.06 crore shares. 

Zinka Logistics IPO (BlackBuck IPO): Anil Singhvi's View

Zinka Logistics IPO (BlackBuck IPO): Zee Business Managing Editor Anil Singhvi is of the view that high-risk investors should subscribe to this IPO for the long term.

 

Zinka Logistics IPO (BlackBuck IPO): Positives

Zinka Logistics IPO (BlackBuck IPO)

- Unique business model

- Intelligent promoters

- Impressive revenue growth

- Reasonable valuations

Zinka Logistics IPO (BlackBuck IPO): Negatives

Zinka Logistics IPO (BlackBuck IPO)

- Loss-making company

- Yet to generate positive cash flows consistently

- 2 ESOP schemes will impact profitability in future 

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.

Zinka Logistics IPO (BlackBuck IPO): Book-running lead managers

Zinka Logistics IPO (BlackBuck IPO): Axis Capital, Morgan Stanley India Company, JM Financial and IIFL Capital Services are the book-running lead managers to the issue.

Zinka Logistics IPO (BlackBuck IPO): Expected Allotment Date

Zinka Logistics IPO (BlackBuck IPO): The basis of allotment is expected to be finalised on November 19, 2024.

Zinka Logistics IPO (BlackBuck IPO): Listing Date

Zinka Logistics IPO (BlackBuck IPO): The shares of  Zinka Logistics are expected to be listed on November 21, 2024.