Zinka Logistics Solutions (BlackBuck) files draft red herring prospectus (DRHP) with SEBI for an IPO aiming to raise Rs 550 crore.

Zinka Logistics Solutions (BlackBuck), a Bengaluru-based digital platform for truck operators, files draft red herring prospectus (DRHP) with SEBI for an IPO aiming to raise Rs 550 crore through fresh issuance and an offer for sale of up to 21.61 million shares. The IPO includes a reserved portion for eligible employees and has book-running lead managers such as Axis Capital, Morgan Stanley, JM Financial, and IIFL Securities. By FY24, the company processed payments worth Rs 17,396.19 crore through its BlackBuck app.

July 08, 2024
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