BlackBuck 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. 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. The company is on a mission to digitally empower India’s truck operators, helping them manage their business and grow their income. Using the platform, its customers (primarily comprising truck operators) digitally manage payments for tolling and fueling, monitor drivers and fleets using telematics, find loads on the marketplace and get access to financing for the purchase of used vehicles.
Key Highlights of the BlackBuck Mobile App –
Truck operators purchase telematics services such as vehicle tracking and fuel sensors to manage their drivers and fleets. The company had 356,050 average monthly active telematics devices in Fiscal 2024.
Truck operators avail commercial vehicle financing through the platform. As on March 31, 2024, the company facilitated disbursements of 4,035 loans amounting to ₹1,967.88 million.
| Opening Date Wednesday, November 13, 2024 | Closing Date Monday, November 18, 2024 |
| Price Band ₹259 to ₹273 per share | Issue Size 40,832,320 shares (aggregating up to ₹1,114.72 Cr) |
| Face Value ₹1 per share | Market Lot 54 Shares |
| Listing at NSE,BSE | |
| IPO Open Date | Wednesday, November 13, 2024 |
|---|---|
| IPO Close Date | Monday, November 18, 2024 |
| Allotment Date | Tuesday, November 19, 2024 |
| Initiation Of Refunds | Wednesday, November 20, 2024 |
| Credit Of Shares To Demat Account | Wednesday, November 20, 2024 |
| IPO Listing Date | Thursday, November 21, 2024 |
| UPI Mandate Expiry Date | 5 PM on November 18, 2024 |
| Particulars (in Rs. Crores) | 30 Jun 2024 (in Cr.) | 31 Mar 2024 (in Cr.) | 31 Mar 2023 (in Cr.) | 31 Mar 2022 (in Cr.) |
|---|---|---|---|---|
| Assets | 629.41 | 654.32 | 654.25 | 899.68 |
| Revenue | 98.33 | 316.51 | 195.09 | 156.13 |
| Profit After Tax | 32.38 | -193.95 | -290.50 | -284.56 |
| Net Worth | 344.98 | 311.29 | 352.66 | 585.08 |
| Reserves and Surplus | 339.07 | 311.03 | 66.55 | 377.58 |
| Total Borrowing | 161.01 | 173.74 | 165.84 | 199.00 |
| Strengths | Risks | ||
|---|---|---|---|
| Strong network effects of platform resulting in robust customer retention rates and higher monetization | The company, along with subsidiaries TZF Logistics and BlackBuck Finserve, has faced past losses and negative cash flows. | ||
| Omni-channel distribution network with robust sales and service strategy driving customer adoption | Reliance on key partners in payments and vehicle financing, which contributed 45.26% of Fiscal 2024 revenue, poses risks to the business and financial health if any are lost. | ||
| Scalable and reliable in-house technology integrating with multiple stakeholders | With 94.53% of Fiscal 2024 revenue from payments and telematics, any negative impact on these offerings could materially affect the business and financial health. | ||
| High-growth business with operating leverage and strong unit economics | Reliance on key suppliers for vehicle tracking solutions makes it vulnerable to any loss of these relationships or supply disruptions, which could impact the business and finances. | ||
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BlackBuck is India’s largest digital platform for truck operators (in terms of number of users), with 963,345 truck operators in the country
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
The price band for the IPO is set between ₹259 to ₹273 per share.
The issue size of the company is ₹1,114.72 Cr.
The minimum lot size for this IPO is 54 Shares.
The minimum investment required is ₹13,986.
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Registration No: CA0581 | Company CIN : U65999DL2016PLC314319.
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