Blue Water Logistics IPO: Date, GMP, Price Band, Offer Size And More
Blue Water Logistics aims to raise Rs 40.5 crore from the primary market through its IPO.
Close to five SME IPOs will hit the market in the coming week. Blue Water Logistics Ltd. is one such Small and Medium Enterprise initial public offering (IPO) that will open for subscription on May 27.
The company provides logistics and supply chain solutions. Its main services include freight forwarding, customs clearance and transportation handling.
The NSE SME issue will remain open for bidding till May 29. Investors who are keen to participate in the IPO can check the following details and make an informed decision.
Blue Water Logistics IPO: All You Need To Know
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.
Blue Water Logistics has reserved up to 50% of the net issue for Qualified Institutional Buyers (QIBs). Retail investors have been allocated a minimum of 35% of the net issue size. The remaining 15% has been reserved for the Non-Institutional Investors (NIIs).
The Blue Water Logistics IPO allotment status is expected to be finalised by 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.
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.
Blue Water Logistics IPO GMP
The latest Grey Market Premium (GMP) for Blue Water Logistics IPO stood at Rs 0. Based on the upper end of the price band of Rs 135 per share, the estimated listing price remains unchanged at Rs 135. This indicates a flat listing of shares on the NSE Emerge platform.
Note: GMP is not an official source of data and is based on speculation.
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.
As of March 31, 2025, Blue Water Logistics owned a fleet of 25 commercial vehicles to support its transportation operations.
Use Of 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.
Financials
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.
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.
