Zinka Logistics IPO - Should You Apply? Read Anand Rathi's Analysis

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Zinka Logistics Solutions Ltd. will launch its initial public offering on Nov. 13 and the offer closes for subscription on Nov. 18. India’s largest digital platform for truck operators has set a price band of Rs 259-273 per share. The minimum order lot for bidding is 54. The Rs 1,114.7-crore IPO consist of a fresh issue of shares worth Rs 550 crore, and an offer for sale of up to Rs 565 crore..Objects of the IssueFunding towards sales and marketing costs.Investment in Blackbuck Finserve Pvt Ltd, the NBFC subsidiary for financing its future capital requirements. Funding of expenditure in relation to product development. General Corporate Purposes..Valuation & Outlook Zinka Logistics Solutions is India’s largest digital platform for truck operators (in terms of number of users), with 963,345 truck operators in the country transacting on its platform in FY24, which comprises 27.52% of India’s truck operators. The company generates revenue from truck operators through commission income from the company’s payment’s offerings, subscription fees from a combination of telematics, payments and loads marketplace offerings and service fees from vehicle financing offering. In terms of financial aspect, from being a loss making entity, company turned profitable in Q1 FY25.At the upper price band company is valuing at Mcap/Sales of 16.2x on FY24 basis with a market cap of Rs 48,178 million post issue of equity shares. On the valuation front, we believe that the company is fairly priced. Therefore, we recommend a “Subscribe - Long term” rating to the IPO..Click on the attachment to read the full IPO report:.Zinka Logistics IPO: GMP Holds Steady Ahead Of Opening On Nov. 13.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Zinka Logistics IPO - Should You Apply? Read Anand Rathi's Analysis

The Rs 1,114.7-crore IPO will open on Nov.13 for subscription and the company has set a price band of Rs 259-273 per share.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Zinka Logistics IPO - Should You Apply? Read Anand Rathi's Analysis

The Rs 1,114.7-crore IPO will open on Nov.13 for subscription and the company has set a price band of Rs 259-273 per share.

Choose a plan

Follow Us

DOWNLOAD THE APP