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Zinka Logistics' Rs 1,115-Cr IPO to open on Nov 13; sets price band at Rs 259-273 a share
YourStory
·
9m ago
Medial
Zinka Logistics Solutions Ltd, a digital platform for truck operators, has set a price range of Rs 259-273 per share for its Rs 1,115 crore initial public offering (IPO). The IPO, which includes a combination of fresh shares and an offer for sale, will be open for subscription from November 13 to November 18. The company plans to use the proceeds from the IPO for various purposes, including sales and marketing initiatives, investment in Blackbuck Finserve, product development, and general corporate needs. Zinka Logistics aims to empower truck operators in India through its comprehensive digital platform, the BlackBuck app.
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Related News
Blackbuck sets Rs 259-273 price band for IPO
Economic Times
·
9m ago
Medial
BlackBuck, the truck aggregator platform backed by Flipkart, has set the price range for its IPO at Rs 259 to Rs 273 per share. The parent company, Zinka Logistics, aims to raise around Rs 1,114.7 crore through the IPO. The offering includes a fresh issue of Rs 550 crore and an offer for sale of up to 20.6 million equity shares. BlackBuck received regulatory approval for the IPO last month. In FY24, the company reported a 68% increase in revenue and narrowed its net loss. Promoters and investors plan to offload shares as part of the offering.
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Globe Civil Projects sets IPO price band at Rs 67-71/share; to raise 119 cr
Economic Times
·
1m ago
Medial
Globe Civil Projects Ltd, a civil construction and infrastructure firm, has announced its IPO with a price band of Rs 67-71 per share, aiming to raise Rs 119 crore. The IPO will open on June 24 and close on June 26, with shares to be listed on BSE and NSE. Funds will be used for working capital, equipment purchase, and corporate purposes. The company reported significant revenue and maintains a strong order book.
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Blackbuck IPO: Peak XV & Tribe in red as Accel, Flipkart gain post listing
The Arc Web
·
8m ago
Medial
The truck-aggregation platform BlackBuck, operated by Zinka Logistics, saw a slight premium before slipping in its stock market debut. The company's market capitalization stood at INR 4,588 crore ($543 million), reflecting a 36% discount from its last valuation when it raised funding in 2021. BlackBuck's IPO raised INR 1,115 crore ($132 million), with primary capital accounting for INR 550 crore ($65 million) and an offer for sale (OFS) by existing investors amounting to INR 565 crore ($67 million). Flipkart and Accel were among the investors selling their stakes. Other investors, such as Peak XV Partners and VEF, incurred losses.
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Niva Bupa eyes Rs 2,200 Cr via IPO; sets price band at Rs 70-74/share
YourStory
·
9m ago
Medial
Niva Bupa Health Insurance Company has announced the price band for its initial public offering (IPO) at Rs 70-74 per share. The IPO, which is a combination of fresh equity shares and an offer for sale by promoters, is set to open for public subscription on November 7. The company aims to raise Rs 2,200 crore through the IPO, with proceeds to be used for strengthening capital base and general corporate purposes. The IPO will be the second by a standalone health insurer in India, following Star Health & Allied Insurance Company.
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Biggest SME IPO of ₹206 cr by Rosmerta Digital to open on Nov 18
Inshorts
·
9m ago
Medial
The biggest-ever SME IPO of ₹206 crore by Rosmerta Digital Services will open for subscription on November 18. The IPO, consisting of a fresh issue of 1.4 crore shares, has a price band of ₹140-147 per share. Earlier, Danish Power (₹197.9 crore), KP Green Engineering (₹189.5 crore), and Sahasra Electronics Solutions (₹186.16 crore) were some of the biggest SME IPOs.
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Accel-backed BlackBuck's parent reins in losses by 33% in FY24
YourStory
·
10m ago
Medial
- Zinka Logistics, the parent company of BlackBuck, reduced its losses by 33% to Rs 193.9 crore in FY24 compared to the previous year. - Operating revenue for Zinka Logistics increased by 69% to Rs 296.9 crore in FY24 from Rs 175.6 crore in 2023. - The reduced losses were overshadowed by an 11% rise in total expenses to Rs 483.4 crore, mainly due to employee benefit expenses. - BlackBuck received final observation from SEBI for its IPO, with plans to raise Rs 550 crore through a fresh issue of shares and an offer for sale of 21.6 million shares by existing shareholders. - Accel India IV (Mauritius) fund and Accel Growth Fund V LP fund are among the existing shareholders planning to sell their shares through the IPO.
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Brigade Hotel Ventures sets IPO price band at Rs 85-90/share
Economic Times
·
18d ago
Medial
Brigade Hotel Ventures Ltd is launching an IPO with a price band of Rs 85-90, targeting a raise of Rs 749.6 crore. The IPO consists solely of a fresh issue of shares without any Offer For Sale (OFS). Proceeds will pay down debt and support strategic initiatives. The IPO, open from July 24 to 28, reserves 75% for qualified institutional buyers. Shares are expected to list on July 31.
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Regaal Resources' IPO to open on Aug 12; sets price band at Rs 96-102/ share
Economic Times
·
1d ago
Medial
Regaal Resources Ltd, a maize-based starch manufacturer, announced an IPO with a price band of Rs 96-102 per share, aiming to raise Rs 306 crore. The IPO, open from August 12-14, includes a fresh issue of Rs 210 crore and an offer-for-sale of 94.12 lakh shares worth Rs 96 crore. Proceeds will mainly settle debts. The company's 2025 revenue rose 52.52% to Rs 915.16 crore, with profits more than doubling to Rs 47.67 crore.
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BlackBuck Raises INR 501 Cr From Anchor Investors
Inc42
·
8m ago
Medial
The logistics company, BlackBuck, raised INR 501.33 Cr from anchor investors in a recent round. The investors subscribed to 1.83 Cr equity shares at a price of INR 273 each. Among the anchor investors, Nomura invested the highest amount of INR 67.87 Cr, acquiring 24.86 Lakh equity shares of BlackBuck. Three domestic mutual funds were also allocated 61.39 Lakh shares for INR 167.60 Cr.
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Fintech firm Trust Fintech sets IPO price band at Rs 95-101
IndianStartupNews
·
1y ago
Medial
Trust Fintech Ltd, a fintech software solutions provider, has announced the price band of its upcoming IPO at Rs 95-101 per share. The IPO includes a fresh issue of 62.82 lakh equity shares and aims to raise up to Rs 63.45 crore. The offering will be open for bidding from March 26 to March 28, with a minimum bid of 1,200 equity shares. Trust Fintech plans to use the raised capital to establish a new development facility, upgrade infrastructure, and enhance its products. The company has displayed robust financial performance, and the IPO shares are expected to be listed on April 3.
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