Informative

BlackBuck IPO issue subscribed 28% on Day 2 so far

Update / Judgement Date

14 Nov 2024

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceStart-Up & DPIITStock Market

The initial public offering (IPO) of BlackBuck, a logistics startup, has been subscribed 28% on the second day of its issue. The IPO has attracted interest from institutional investors, retail investors, and high-net-worth individuals. BlackBuck aims to raise funds to enhance its technology platform, expand its fleet, and strengthen its market presence. The company provides a digital platform that connects truck owners with businesses, streamlining logistics and transportation services. The strong response to the IPO reflects investor confidence in BlackBuck's growth prospects and its potential to transform the logistics industry in India.

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BlackBuck IPO issue subscribed 28% on Day 2 so far

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