Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Sales and marketing
Funding towards sales and marketing costs to grow the platform's user base and transaction volumes.
Investment in Blackbuck Finserve
Investment in the company's NBFC subsidiary, Blackbuck Finserve Private Limited, to augment its capital base.
Product development
Funding towards product development expenditure.
General corporate purposes
The balance of the net proceeds is earmarked for general corporate purposes.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
BlackBuck (legally Zinka Logistics Solutions Limited until its August 2025 rename to BlackBuck Limited) operates a digital platform for India's truck operators, founded in 2015 and headquartered in Bengaluru. The platform brings together payments, telematics, a freight marketplace and vehicle financing services under a single app aimed at helping truck operators run their businesses more efficiently. By fiscal 2024 the platform was used by close to a million truck operators, representing more than a quarter of all truck operators in India, and processed a gross transaction value of over Rs 17,000 crore through its payments business, which includes a large share of India's toll and fuel payment transactions for trucking. Its telematics arm tracked hundreds of thousands of devices, and its NBFC subsidiary, Blackbuck Finserve, extends vehicle financing to truck operators on the platform. The company had reported losses in the years leading up to its IPO before turning profitable in the June 2024 quarter, and its IPO combined a fresh issue with an offer for sale by existing shareholders including its founders. It competes loosely with a small set of listed comparables such as C.E. Info Systems, and internationally with logistics-tech platforms like Full Truck Alliance, though direct listed Indian peers for its specific freight-marketplace and trucking-fintech model are limited.
The anchor book raised about Rs 501 crore ahead of the issue opening, with shares allotted at the upper price band of Rs 273 per share. International participants included Nomura, Steadview Capital, TIMF Holdings, Florida Retirement System, Massachusetts Institute of Technology, Carmignac Portfolio, BNP Paribas Funds, PineBridge Global Funds and Societe Generale, alongside domestic institutions such as SBI Mutual Fund, Invesco India, Bandhan Mutual Fund, ICICI Prudential Life Insurance and SBI General Insurance.
Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 5:30 AM
Largest platform for Indian truck operators
The company operates India's largest digital platform for truck operators by user count, giving it significant network scale.
Diversified, repeatable product playbook
The company has demonstrated an ability to launch new offerings on top of its core platform, extending from payments into telematics, freight matching and financing.
Asset-light, high-growth model
The business is built on an asset-light model with strong underlying unit economics, supporting scalability as usage grows.
History of losses
The company and its subsidiary have a history of losses and negative operating cash flows, and only turned profitable shortly before the IPO.
Dependence on third-party technology suppliers
The company relies on key suppliers for vehicle tracking and telematics hardware, creating dependency risk.
Exposure to the trucking and fuel cycle
Operations are linked to the broader road transportation industry and are sensitive to fuel price movements and sector cyclicality.
BlackBuck Limited
Vaswani Presidio, No. 84/2, II Floor, Panathur Main Road, Kadubeesanahalli, Off Outer Ring Road, Bengaluru 560103, Karnataka
View on Maps →No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.