The firm’s co-founders, Rajesh Yabaji, Chanakya Hridaya and Ramasubramanian B., will sell 2.2 million, 1.1 million and 1.1 million shares in the OFS. Together, they hold a 32% stake in the firm.

Flipkart-backed logistics unicorn BlackBuck has filed its DRHP with markets regulator SEBI for its INR 550 Cr initial public offering (IPO).

The IPO of the trucking platform is a mix of fresh equity shares worth ₹550 crore and an OFS of up to 2.16 crore shares.

Bengaluru-based Zinka Logistics Solutions Ltd, has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO).

The IPO, with a face value of Rs 1 each, is a mix of fresh issuance of Rs 550 crore and an offer for sale of up to 21.61 million equity shares by promoters and investor selling shareholders

Bengaluru-based Zinka Logistics Solutions, Indias leading platform for truck operators, has filed its draft red herring prospectus with market regulator Sebi to launch an IPO. The IPO comprises a fresh issuance of Rs 550 crore and an OFS of up to 2.

Bengaluru based company, Zinka Logistic Solutions, also known as BlackBuck, recently announced that the company has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).

Blackbuck, which operates a truck aggregator platform, is seeking to raise ₹550 crore though fresh issue. The offer for sale (OFS) by existing shareholders amounts to 21.6 million shares.

Investors selling in the IPO are Accel which will sell over 52 lakh shares, Tiger Global which will sell close to 9 lakh shares, Flipkart which will sell close to 4 lakh shares and IFC which will sell