Blackbuck IPO sails through on final day

The initial public offering of Zinka Logistics, the parent company of Flipkart-backed trucking aggregator Blackbuck, sailed through on the last day of its public issue.

As of 3 pm, the overall issue was subscribed 1.30 times. According to data from the BSE, the public issue received bids for more than 3.52 crore shares against the 2.25 crore shares on offer.

Qualified institutional buyers (QIBs) bid 1.80 times the shares reserved for them, while retail investors subscribed to their portion 1.46x.


Employee bids reached 9.11 times, whereas non-institutional investors (NIIs) subscribed to 0.18 times.

The IPO consists of a fresh issue of shares worth Rs 550 crore and an offer for sale of up to Rs 565 crore.

In FY24, Blackbuck reported a 68% increase in revenue from operations at Rs 297 crore. Net loss narrowed to Rs 167 crore from Rs 237 crore the previous year.