About Zinka Logistics:
They are India’s largest digital platform for truck operators based on the number of users, with 963,345 truck operators in the country transacting on their platform in Fiscal 2024, representing 27.52% of India’s truck operators (Source: RedSeer Report). Through this platform, customers—primarily truck operators—can digitally manage payments for tolling and fueling, monitor drivers and fleets with telematics (such as vehicle tracking and fuel monitoring solutions), find loads on the marketplace, and access financing for purchasing used vehicles.
About the Industry in which Zinka Logistics operates:
India’s rapid economic growth is creating favorable conditions for the expansion of the trucking sector. As of Fiscal 2024, the Indian trucking industry represents a revenue pool of approximately US$18–25 billion, which is anticipated to grow to US$35 billion by Fiscal 2028. Trucking is among the fastest-growing segments within India’s logistics sector. However, this industry is highly fragmented due to the operational complexities involved in running trucking businesses efficiently. Given these challenges, the degree of oversight an operator exercises can heavily impact profitability, making the management of more than a few trucks increasingly burdensome. This industry presents significant revenue opportunities for companies that can address these inefficiencies and add value for truck operators.
| Important Information and Timelines of the IPO of Zinka Logistics: | |
|---|---|
| Open Date | 13 November 2024 |
| Close Date | 18 November 2024 |
| Total Issue Size – Number of Shares | 40832320 |
| Minimum Bid Price | 259 |
| Maximum Bid Price | 273 |
| Lot Size | 54 |
| Basis of Allotment | 19 November 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 20 November 2024 |
| Listing Date | 21 November 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Zinka Logistics:
| Category | Lots | Shares | Amount (in â‚ą) |
|---|---|---|---|
| Retail – Minimum | 1 | 54 | 14742 |
| Retail – Maximum | 13 | 702 | 191646 |
| sHNI – Minimum | 14 | 756 | 206388 |
| sHNI – Maximum | 67 | 3618 | 987714 |
| bHNI – Minimum | 68 | 3672 | 1002456 |
Objective of the IPO of Zinka Logistics:
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Funding towards sales and marketing costs.
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Investment in Blackbuck Finserve Private Limited for financing the augmentation of its capital base to meet its future capital requirements.
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Funding of expenditure in relation to product development.
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General corporate purposes.
Financials of Zinka Logistics:
| Particulars | As at and for the three months period ended June 30, 2024 | As at and for the three months period ended June 30, 2023 | As at and for the Financial Year ended March 31, 2024 | As at and for the Financial Year ended March 31, 2023 | As at and for the Financial Year ended March 31, 2022 |
|---|---|---|---|---|---|
| Equity share capital | 56.57 | 0.10 | 0.10 | 0.10 | 0.10 |
| Total income | 983.30 | 643.59 | 3,165.14 | 1,950.92 | 1,561.28 |
| Restated Profit/(loss) for the Period/year from continuing operations | 323.78 | (333.18) | (1,669.86) | (2,368.49) | (2,303.49) |
| Restated Basic Profit/(loss) per equity share | 1.76 | (1.82) | (9.06) | (12.93) | (12.96) |
| Restated Diluted Profit/(loss) per equity share | 1.74 | (1.82) | (9.06) | (12.93) | (13.49) |
| Total borrowings | 1,610.11 | 1,580.76 | 1,737.35 | 1,658.35 | 1,990.00 |
| Net Worth | 3,449.79 | 3,335.43 | 3,112.93 | 3,526.64 | 5,850.76 |
| Return on Net Worth | 9.39 | (9.99) | (53.64) | (67.16) | (39.37) |
| Net Asset Value per Equity Share | 18.70 | 18.18 | 16.89 | 19.25 | 32.92 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Zinka Logistics. You will receive a UPI mandate after 10:00 AM on 13 November 2024.
###1. How to apply for the IPO of Zinka Logistics on Dhan?
You can apply for the IPO of Zinka Logistics from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Zinka Logistics be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 20 November 2024. However, you will be able to see the shares of Zinka Logistics on Dhan before the market starts on the listing date which is 20 November 2024.