The only mainboard IPO of Zinka Logistics this week
After four mainboard IPOs in a row for the first week of November 2024, we have just one mainboard IPO this week i.e. Zinka Logistics Solution Ltd., the owner of "Black Buck" brand mobile app for truckers to manage their fleet with all sort of services under one roof.
My review for this IPO is available on the following link:
This company will be the first mover in this segment and currently enjoys good market share. No doubt the IPO is having fancy pricing, its a pure long term story for the investors.
Zinka Logistics Solution Ltd. ?(ZLSL) 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 Fiscal 2024, which comprises 27.52% of India's truck operators (Source: RedSeer Report). India's growing economy needs the support of robust logistical capabilities and small and medium size truck operators are the backbone of logistics in the country. These truck operators are served through value chains which are unorganized and fragmented, making their operations inefficient (Source: RedSeer Report).?
The company is on a mission to digitally empower India's truck operators, helping them manage their business and grow their income. Using its platform, customers (primarily comprising truck operators) digitally manage payments for tolling and fuelling, monitor drivers and fleets using telematics, find loads on marketplace and get access to financing for the purchase of used vehicles.?
However, investors planning to park their funds in this IPO must consult their financial advisor before concluding the investment.