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BlackBuck Files RHP, IPO To Open On November 13

  • BlackBuck, the Flipkart-backed logistics unicorn, has filed its red herring prospectus (RHP) for its upcoming IPO.
  • The IPO will open for subscription on November 13 and close on November 18.
  • BlackBuck aims to raise INR 1,114.72 Cr through a combination of fresh issuance of equity shares and offer for sale.
  • The company plans to utilize the IPO proceeds for its subsidiary BlackBuck Finserv, sales and marketing activities, product development, and general corporate purposes.

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