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BLACKBUCK IPO

Zinka Logistics Solutions Limited

IPO Doc

Start Date13-11-2024

Application Timing10am-5pm

Price Range₹259 - ₹273

Min Qty54

Min. Investment₹13986

Listing DateNA

Close Date18-11-2024

About Zinka Logistics Solutions Limited

Founded in 2015, Zinka Logistics Solutions Limited is India’s largest digital platform for truck operators with 963,345 truck operators in the country transacting on their platform in Fiscal 2024, which comprises 27.52% of India’s truck operators. Using their platform, truck operators digitally manage payments for tolling and fueling, monitor drivers and fleets using telematics, find loads on the marketplace, and get access to financing for the purchase of used vehicles.

Truck operators use their 'BlackBuck' mobile application for their diverse business needs.

They processed Rs. 173,961.93 million gross transaction value (GTV) in payments in Fiscal 2024 and had 2.12 million load postings in Fiscal 2024, which enabled 256,685 truck operators to get a load during the same period. As on March 31, 2024, they have facilitated disbursements of 4,035 loans amounting to Rs. 1,967.88 million.

Why To Invest in Zinka Logistics Solutions Limited

One of the leading digital platform for the truck operators catering to their diverse business needs under one mobile app.

The company propose to utilise the Net Proceeds towards funding the following objects:

Funding towards sales and marketing costs
Investment in Blackbuck Finserve Private Limited, its NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements
Funding of expenditure about product development

Financial Table

Year	2024	2023	2022
Operating Revenue (Rs. Cr)	296.9	175.6	119.3
Profit/Loss (Rs. Cr)	-166.9	-236.8	-230.3

Strengths And Risks

India’s largest digital platform for truck operators : Zinka Logistics Solutions is India’s largest digital platform for truck operators and they facilitated over 413.34 million transactions for 963,345 annual transacting truck operators in Fiscal 2024. Company served 27.52% truck operators in India and facilitated 32.92% of the commercial vehicles tolling payments in Fiscal 2024. Their services are available across 628 districts, constituting 80% of India’s districts as of March 31, 2024.

Strong network effects : Company has a wide network of truck operators built over nine years of operations. Through this network, they have been able to grow their customer base of annual transacting truck operators to 963,345 in Fiscal 2024 from 482,446 in Fiscal 2022.

Omnichannel distribution network: Company's distribution strategy, covering both sales and servicing, is a mix of digital and physical touchpoints to cater to the specific requirements of its set of users. Touchpoints include a 549-member telesales unit as well as 1,112 channel partners.

In-house technology: Company has developed most of its technology stack and solutions in-house aimed at providing reliable, accurate, and real-time solutions to several key challenges faced by truck operators in India through its platform.

Losses and negative operating cash flows : Company and its subsidiary, TZF Logistics Solutions Private Limited have incurred losses and witnessed negative operating cash flows in the past. Company has booked losses in past three financial years.

Vehicle finance risk: Company's vehicle financing offering exposes them to various risks including in relation to high-risk borrowers and collateral recovery which could adversely affect business. Also, company has limited experience in lending business.

Outstanding legal proceedings : Company is involved in certain pending tax, regulatory and criminal legal proceedings, an adverse outcome in any of these proceedings may affect company's reputation and standing.

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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0755-4268599

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9669695615

SEBI RA Registration:

INH000013332

AMFI Registration:

ARN-35911

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Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers should be avoided.

Awareness regarding guidelines regarding margin collection:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
Pay 20% upfront margin of the transaction value to trade in cash market segment
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.
To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

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Brokerage will not exceed SEBI prescribed limit.
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For commodities derivatives please note that Commodities Derivatives are highly leveraged instruments.
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Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

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BLACKBUCK IPO

About Zinka Logistics Solutions Limited

Why To Invest in Zinka Logistics Solutions Limited