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Issue Open Date
|
13-Nov-24
|
|
|
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Issue Closing Date
|
18-Nov-24
|
|
|
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Application Money
|
100
|
|
|
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Allotment Money
|
|
|
|
|
|
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Price Band
|
259
-
273
|
|
|
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Minimium Application No.
|
54
|
|
|
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Issue Size (Shares)
|
22567270
|
|
|
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Market Lot
|
1
|
|
|
|
|
|
Objective
|
|
1. Funding towards sales and marketing costs;2. Investment in Blackbuck Finserve Private Limited, our NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements;3. Funding of expenditure in relation to product development; and4. General corporate purposes.
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Category
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No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
6284674
|
1490292
|
0.237131154296945
|
|
Qualified Institutional Buyers
|
12066813
|
33268698
|
2.75704098505546
|
|
Retail Individual Investors
|
4189783
|
6941808
|
1.65684189372099
|
|
|
|
|
Business Description
We are India’s largest digital platform for truck operators (in terms of number of users), with 963,345 truck operators in th ecountry transacting on our platform in Fiscal 2024, which comprises 27.52% of India’s truck operators (Source: RedseerReport). India’s growing economy needs the support of robust logistical capabilities and small and medium size truck operatorsare the backbone of logistics in the country. These truck operators are served through value chains which are unorganized andfragmented, making their operations inefficient (Source: Redseer Report). We are on a mission to digitally empower India’struck operators, helping them manage their business and grow their income. Using our platform, our customers (primarilycomprising truck operators) digitally manage payments for tolling and fueling, monitor drivers and fleets using telematics, findloads on our marketplace and get access to financing for the purchase of used vehicles.
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Promoter's Holding
|
|
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Total Share Capital
|
53658544
|
|
|
|
Offered to Public
|
22567270
|
|
|
|
Promoter's Holding (Pre-Issue)
|
34.32
|
|
|
|
Promoter's Holding (Post-Issue)
|
27.84
|
|
|
|
|
|
|
|
|
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Address |
" Vaswani Presidio"
No. 84/2
I I Floor
Panathur Main Road
Kadubessanahalli
Off Outer Ring Road
Bengaluru,
Karnataka,
560103
Phone : 8046481828
Email : cs@blackbuck.com
Website : www.blackbuck.com
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
|
|
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Listed at |
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BSE, NSE
|
|
|
Lead Manager |
Axis Capital Ltd.
IIFL Securities Ltd.
JM Financial Ltd.
Morgan Stanley India Co Pvt Ltd
|
|
|
Promoters |
Chanakya Hridaya
Rajesh Kumar Naidu Yabaji
Ramasubramanian Balasubramaniam
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|
