Partner at Exencial Research, Exencial Research

Viral Kishorchandra Shah

Partner at Exencial Research

Exencial Research

Equity Bottom-Up

<ul>
<li>BlackBuck operates in India's highly fragmented trucking ecosystem, targeting the digitization of this traditional sector.</li>
<li>The company functions as a digital platform that connects various stakeholders in the trucking industry.</li>
<li>BlackBuck has established a dominant position in the Indian logistics technology space through its platform approach.</li>
</ul>


BlackBuck operates in India's highly fragmented trucking ecosystem, targeting the digitization of this traditional sector.
The company functions as a digital platform that connects various stakeholders in the trucking industry.
BlackBuck has established a dominant position in the Indian logistics technology space through its platform approach.


BlackBuck Ltd: Digitizing India's Fragmented Trucking Ecosystem with Dominant Platform Position

APAC IPOs & Placements, Aequitas Research

Akshat Shah

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/zinka-logistics" target="_blank" data-smartkarma-citation="entities:43728:1" rel="noopener">Blackbuck (1355652D IN)</a> raised around US$130m in its India IPO in Nov 2024. The lockup on its pre-IPO investors is set to expire soon.</li>
<li>Zinka Logistics (Blackbuck) is India’s largest digital platform for truck operators (in terms of users), with 27.52% of India’s truck operators transacting on its platform in FY24, as per Redseer.</li>
<li>In this note, we will talk about the lockup dynamics and possible placement.</li>
</ul>



Blackbuck (1355652D IN) raised around US$130m in its India IPO in Nov 2024. The lockup on its pre-IPO investors is set to expire soon.
Zinka Logistics (Blackbuck) is India’s largest digital platform for truck operators (in terms of users), with 27.52% of India’s truck operators transacting on its platform in FY24, as per Redseer.
In this note, we will talk about the lockup dynamics and possible placement.


Zinka Logistics IPO Lockup - US$530m Lockup Release; PE Investors Might Look to Book Gains

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ifbh-pte-ltd" target="_blank" data-smartkarma-citation="entities:45067:1" rel="noopener">IFBH (IFBH HK)</a> is looking to raise at least US$100m in its upcoming HK IPO.</li>
<li>IFBH specializes in ready-to-consume beverages and food, with a focus on coconut water and plant-based products.</li>
<li>In this note, we talk about the company’s historical performance.</li>
</ul>



IFBH (IFBH HK) is looking to raise at least US$100m in its upcoming HK IPO.
IFBH specializes in ready-to-consume beverages and food, with a focus on coconut water and plant-based products.
In this note, we talk about the company’s historical performance.


IFBH Ltd Pre- IPO - Growth Driven by Coconut Water Products Amid High Concentration Risks

Belrise Industries / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/belrise-industries" target="_blank" data-smartkarma-citation="entities:44122:1" rel="noopener">Belrise Industries (9156339Z IN)</a> raised about US$252m in its India IPO.</li>
<li>Belrise Industries is an automotive component manufacturing company based in India offering a diverse range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial and agri-vehicles.</li>
<li>We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.</li>
</ul>



Belrise Industries (9156339Z IN) raised about US$252m in its India IPO.
Belrise Industries is an automotive component manufacturing company based in India offering a diverse range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial and agri-vehicles.
We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.


Belrise Industries IPO Trading - Robust Insti Demand; Leads Recent Listings

Schloss Bangalore Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/schloss-bangalore-ltd" target="_blank" data-smartkarma-citation="entities:43983:1" rel="noopener">Schloss Bangalore Ltd (SCHBL IN) </a>is looking to raise about US$409m in its India IPO. The deal has been downsized from an earlier size of around US$600m.</li>
<li>It is a luxury hospitality company which owns, operates, manages and develops luxury hotels and resorts under ‘The Leela’ brand, through direct ownership and hotel management agreements with third-party owners.</li>
<li>In this note, we will talk about the IPO valuations.</li>
</ul>



Schloss Bangalore Ltd (SCHBL IN) is looking to raise about US$409m in its India IPO. The deal has been downsized from an earlier size of around US$600m.
It is a luxury hospitality company which owns, operates, manages and develops luxury hotels and resorts under ‘The Leela’ brand, through direct ownership and hotel management agreements with third-party owners.
In this note, we will talk about the IPO valuations.


Schloss Bangalore IPO - Thoughts on Peer Comp and Valuation

India

BlackBuck Limited provides digital platforms for truck operators. The Company offers a tool that digitally manage payments for tolling and fueling, monitor drivers and fleets using telematics, find loads on marketplace, and get access to financing for the purchase of used vehicles. BlackBuck serves customers in India.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

BlackBuck (BLACKBUC IN)

BlackBuck Ltd: Digitizing India's Fragmented Trucking Ecosystem with Dominant Platform Position

BlackBuck is revolutionizing India's trucking industry by digitizing and connecting stakeholders through its dominant logistics technology platform.

Viral Kishorchandra Shah

Zinka Logistics IPO Lockup - US$530m Lockup Release; PE Investors Might Look to Book Gains

Zinka Logistics (Blackbuck) raised around US$130m in its India IPO in Nov 2024. Its six-month lockup will expire on 18th May 2025.

Akshat Shah

IFBH Ltd Pre- IPO - Growth Driven by Coconut Water Products Amid High Concentration Risks

IFBH is now said to be pre-marketing for a US$150m Hong Kong H-share listing. We had looked at the company's past performance in our prior note.

Akshat Shah

Belrise Industries IPO Trading - Robust Insti Demand; Leads Recent Listings

Belrise Industries Limited (BIL) raised about US$252m in its India IPO. In this note, we talk about the trading dynamics.

Akshat Shah

Schloss Bangalore IPO - Thoughts on Peer Comp and Valuation

Schloss Bangalore Limited is looking to raise about US$400m in its upcoming India IPO. The deal has been downsized from an earlier size of US$600m....

Akshat Shah

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

BlackBuck Ltd: Digitizing India's Fragmented Trucking Ecosystem with Dominant Platform Position

​BlackBuck is revolutionizing India's trucking industry by digitizing and connecting stakeholders through its dominant logistics technology platform.

Viral Kishorchandra Shah

Zinka Logistics IPO Lockup - US$530m Lockup Release; PE Investors Might Look to Book Gains

Zinka Logistics (Blackbuck) raised around US$130m in its India IPO in Nov 2024. Its six-month lockup will expire on 18th May 2025.

Akshat Shah

IFBH Ltd Pre- IPO - Growth Driven by Coconut Water Products Amid High Concentration Risks

IFBH is now said to be pre-marketing for a US$150m Hong Kong H-share listing. We had looked at the company's past performance in our prior note.

Akshat Shah

Belrise Industries IPO Trading - Robust Insti Demand; Leads Recent Listings

Belrise Industries Limited (BIL) raised about US$252m in its India IPO. In this note, we talk about the trading dynamics.

Akshat Shah

Schloss Bangalore IPO - Thoughts on Peer Comp and Valuation

Schloss Bangalore Limited is looking to raise about US$400m in its upcoming India IPO. The deal has been downsized from an earlier size of US$600m....

Akshat Shah

BlackBuck is revolutionizing India's trucking industry by digitizing and connecting stakeholders through its dominant logistics technology platform.