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Zinka Logistics

Zinka Logistics, operating through its “BlackBuck” mobile app, provides a digital platform for truck operators to manage various aspects of their business. The platform allows operators to handle payments for tolls and fuel, track drivers and fleets using telematics, find loads through its marketplace, and access financing for purchasing used vehicles. In FY 2024, truck operators using the platform were active for an average of 16.18 days per month, spending approximately 39.56 minutes daily on the app.

Zinka Logistics, a leading digital platform in the trucking sector, boasts the largest physical network across India. As of March 31, 2024, the company has expanded its services to 628 districts, covering 80% of India’s regions, including key transportation hubs and 75% of the country’s toll plazas. The company operates through a digitally enabled network of 9,395 touchpoints for onboarding and servicing, offering significant reach within the industry.

The company’s revenue comes primarily from commission fees for payment solutions, subscription fees for telematics, payments, and marketplace services, and service fees related to vehicle financing. As of March 31, 2024, Zinka Logistics employed 1,783 people.

Zinka Logistics IPO Details

Signature Global IPO Details
BlackBuck IPO Dates
13 – 18 November 2024
Zinka Logistics Issue Price
INR 259 – 273 per share (Employee discount – INR 25 per share)
Fresh issue
INR 550 crore
Offer For Sale
2,06,85,800 shares (INR 535.76 – 564.72 crore)
Total IPO Size
INR 1,057.55 – 1,114.72 crore
Minimum bid (size)
54 shares (INR 14,742)
Face Value
INR 1 per share
Retail Allocation
10%
Listing On
NSE, BSE

Zinka Logistics Financial Performance

Signature Global Financial Performance

FY2022

FY2023

FY2024

Q1 FY 2025

Revenue

119.32

175.68

296.92

92.17

Expenses

386.23

431.77

483.42

91.52

Net income

(284.56)

(290.50)

(193.95)

28.67

Margin (%)

(238.48)

(165.36)

(65.32)

31.11

Figures in INR Crore unless specified otherwise

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