BlackBuck parent Zinka Logistics lists at over 2% premium over IPO price

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BlackBuck parent Zinka Logistics lists at over 2% premium over IPO price - YourStory

Quick Summary:

Zinka, which operates the BlackBuck app, a digital platform for truck operators, had priced its IPO between Rs 259-273 per share for its Rs 1,115 crore initial sale.

During the same period, it witnessed a 69% rise in its operating revenue to Rs 296.9 crore as compared to Rs Rs 175.6 crore it posted in 2023.

The company managed to rein in its losses by 33% to Rs 193.9 crore in FY24 from Rs 290 crore it clocked a year ago.