Blue Water Logistics IPO Fully Subscribed On Day 1; Check GMP Here
The price band for the Blue Water Logistics IPO has been set between Rs 132 and Rs 135 per share.
Blue Water Logistics Ltd. launched its initial public offering (IPO) today, on May 27. The company provides logistics and supply chain solutions. Its main services include freight forwarding, customs clearance and transportation handling.
Blue Water Logistics IPO is a book-built issue worth Rs 40.5 crore, comprising a completely fresh issuance of 30 lakh equity shares.
The price band for the Blue Water Logistics IPO has been set between Rs 132 and Rs 135 per share.
Retail investors can apply for a minimum of 1,000 shares, amounting to a bidding value of at least Rs 1.32 lakh. High Net-worth Individuals (HNIs) must apply for at least two lots, or 2,000 shares, aggregating to an investment of Rs 2.7 lakh.
Smart Horizon Capital Advisors Pvt. is the book-running lead manager for the Blue Water Logistics IPO, with Maashitla Securities Pvt. serving as the registrar. Shreni Shares Ltd has been designated as the market maker for the NSE SME IPO.
The Blue Water Logistics IPO allotment status is expected to be finalised on May 30. This will be followed by the initiation of refunds to unsuccessful applicants and the transfer of shares to the Demat accounts of successful applicants on June 2.
The company’s shares are tentatively slated to be listed on the NSE SME platform on Tuesday, June 3.
Blue Water Logistics Business And Financials
Blue Water Logistics Ltd. offers end-to-end logistics solutions, including project logistics, supply chain management (SCM), and warehousing services across air, sea, and land routes. Its portfolio spans cargo pick-up, customs clearance, and final delivery.
The company operates five branches in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane. It caters to a wide range of industries such as confectionery, chemicals, crockery, natural stones, textiles, electronics, and fitness equipment.
Blue Water Logistics Ltd. reported a revenue of Rs 196.29 crore for the financial year ended March 31, 2025, compared to Rs 138.74 crore in FY24. Its profit after tax rose to Rs 10.67 crore in FY25 from Rs 5.94 crore in the preceding financial year.
Use of IPO Proceeds
Blue Water Logistics plans to use the net proceeds from its IPO towards key business objectives. This includes buying and body-building of vehicles to support capital expenditure needs. A portion of the funds will be allocated to meet the company's working capital requirements, while the remaining amount will be used for general corporate purposes.
Blue Water Logistics IPO GMP Today
The latest grey market premium for the Blue Water Logistics SME IPO is Rs 0 recorded at 5:54 pm on Tuesday, May 27. With the upper end of the IPO’s price band fixed at Rs 135, the estimated listing price remains Rs 135, indicating a flat listing when the company lists on NSE SME on June 3.
Note: GMP is not an official source of data and is based on speculation.
Blue Water Logistics IPO Day 1 Subscription Status
The IPO was subscribed 1.28 times on Tuesday
Qualified Institutions: 1.98 times
Non-Institutional Buyers: 1.99 times
Retail Investors: 0.59 times
The subscription status will be updated at regular intervals.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
