Blackbuck gets SEBI nod for IPO
09 October 2024
Blackbuck, a major digital trucking services platform, has received a nod from the markets regulator for its initial public offering. The Flipkart-backed company, registered as Zinka Logistics Ltd., will raise up to Rs 550 crore from a fresh issue and sell 2.16 crore shares in the offer for sale portion.
Selling shareholders include Peak XV Partners, Accel, Flipkart, Tiger Global, and International Finance Corp. which are some of the Unicorn's early backers. Accel will sell as many as 52 Lakh shares in the IPO while Flipkart will look to sell 39.7 Lakh shares in the IPO.
Blackbuck, a major digital trucking services platform, has received a nod from the markets regulator for its initial public offering. The Flipkart-backed company, registered as Zinka Logistics Ltd., will raise up to Rs 550 crore from a fresh issue and sell 2.16 crore shares in the offer for sale portion.
Selling shareholders include Peak XV Partners, Accel, Flipkart, Tiger Global, and International Finance Corp. which are some of the Unicorn's early backers. Accel will sell as many as 52 Lakh shares in the IPO while Flipkart will look to sell 39.7 Lakh shares in the IPO.
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