Bengaluru: The highly anticipated Blackbuck IPO, also known as Zinka Logistics, opens for public subscription today, November 13, 2024. This mainline IPO aims to raise approximately ₹1,114.72 crores and is set against a backdrop of significant interest from investors in the logistics sector.
Blackbuck IPO Overview
- IPO Open Date: November 13, 2024
- IPO Close Date: November 18, 2024
- Price Band: ₹259 to ₹273 per share
- Market Lot: 54 shares
- Issue Size: Approximately ₹1,114.72 crores
- Fresh Issue: Approximately ₹550 crores
- Offer for Sale (OFS): Approximately 20,685,800 equity shares
Founded in 2015 and headquartered in Bengaluru, Blackbuck operates as the largest platform connecting truckers and shippers in India. The company has reported a remarkable 62% increase in revenue compared to the previous year, highlighting its growth potential.
Blackbuck IPO Grey Market Premium (GMP)
As of today, the Grey Market Premium (GMP) for the Blackbuck IPO is currently at ₹-, indicating no premium or discount in the grey market. This is a notable shift from the previous day when the GMP was reported at ₹25, reflecting a positive sentiment ahead of the IPO opening.
Recent GMP Trends
- Today: ₹-
- November 12: ₹25
- November 11: ₹25
- November 9: ₹-
- November 8: ₹-
Important Dates for Investors
- IPO Open Date: November 13, 2024
- IPO Close Date: November 18, 2024
- Basis of Allotment: November 19, 2024
- Refunds Issued: November 20, 2024
- Shares Credited to Demat Accounts: November 20, 2024
- IPO Listing Date: November 21, 2024
Should You Apply?
Investors are weighing their options regarding participation in the Blackbuck IPO. Here are some insights:
Positive Outlook
- Analysts at Anand Rathi recommend subscribing to the Blackbuck IPO for long-term gains. They highlight that Blackbuck is India’s largest digital platform for truck operators, with over 963,345 truck operators using its services.
- The company has turned profitable in Q1 FY25 after previously being loss-making, which adds to its appeal.
Cautious Perspective
- Conversely, Swastika Investmart has assigned a Neutral rating due to ongoing financial challenges and negative cash flow. They suggest that low promoter holding may impact investor confidence.
Conclusion
With the Blackbuck IPO opening today, investors have a unique opportunity to participate in one of India’s leading logistics platforms. As always, it is crucial for investors to conduct thorough research and consider both market conditions and company fundamentals before making investment decisions.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice. Investors should consult with certified financial advisors before making any investment decisions.
