Blue Water Logistics IPO is scheduled to open for subscription on May 27, 2025 (Tuesday) and will close on May 29, 2025 (Thursday). The allotment is likely to be finalized on May 30, 2025 (Friday), and the IPO is expected to be listed on NSE SME on June 3, 2025 (Tuesday).
This IPO is a book-built issue of ₹40.50 crores, consisting entirely of a fresh issue of 30.00 lakh equity shares. The price band is set between ₹132 to ₹135 per share.
The minimum lot size for retail investors is 1,000 shares, which requires an investment of ₹1,32,000 at the lower band. However, to improve chances of allotment amid potential oversubscription, investors are advised to bid at the cutoff price, making the amount ₹1,35,000. For HNIs, the minimum application is 2 lots (2,000 shares), costing around ₹2,70,000.
The retail investor quota is 35%, QIB (Qualified Institutional Buyers) is 50%, and HNI (High Net-worth Individuals) is 15%. The IPO aims to raise ₹40.50 crores for future business expansion and growth.
As per the financial performance, the company reported a revenue of ₹196.29 crores in 2025, up from ₹138.74 crores in 2024. Net profit also increased from ₹5.94 crores in 2024 to ₹10.67 crores in 2025. Given the strong financial growth, long-term investors may consider this IPO for potential returns.
Blue Water Logistics Limited, established in April 2010, is a trusted company providing logistics and supply chain solutions. The company specializes in freight forwarding, customs clearance, and transportation handling services. It offers complete logistics support including cargo pick-up, customs clearance, and delivery, covering air, sea, and land transport to meet various client needs.
The company operates through five branches located in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane. Blue Water Logistics serves a diverse customer base in industries like confectionery, chemicals, crockery, natural stones, textiles, electronics, and fitness equipment. It also has a strong presence across multiple Indian states such as Telangana, Gujarat, Maharashtra, Rajasthan, Andhra Pradesh, Tamil Nadu, Delhi, Punjab, Karnataka, Uttar Pradesh, Madhya Pradesh, and Odisha, as well as international operations in Africa, Singapore, and the UAE.
As of March 31, 2025, the company owns 25 commercial vehicles to support its transportation services and employs 83 staff members across various departments. Blue Water Logistics has built a strong reputation through its wide customer portfolio, extensive range of logistics services, and robust domestic and global network. The company’s growth is further supported by the experience of its promoters and directors and its well-established client relationships, making it a competitive player in the logistics sector.
Overview of Contents
Blue Water Logistics IPO Overview
| Details | Information |
|---|---|
| Listing Exchange | NSE SME |
| Issue Type | Book Built Issue |
| Total Issue Size | 30,00,000 shares (₹40.50 Crores) |
| Fresh Issue | 30,00,000 shares (₹40.50 Crores) |
| IPO Price Band | ₹132 to ₹135 per share |
| Face Value | ₹10 per equity share |
| Lot Size | 1,000 shares |
| Retail Quota | Up to 35% |
| Qualified Institutional Buyers (QIB) Quota | Up to 50% |
| Non-Institutional Investors (NII) Quota | Up to 15% |
| Pre-Issue Shareholding | 80,00,000 shares |
| Post-Issue Shareholding | 1,10,00,000 shares |
| Market Maker Portion | 1,56,000 shares |
Blue Water Logistics IPO Dates
| IPO Open Date | Monday, May 27, 2025 |
| IPO Close Date | Wednesday, May 29, 2025 |
| Basis of Allotment | Thursday, May 30, 2025 |
| Refunds | Sunday, June 2, 2025 |
| Credit to Demat Account | Sunday, June 2, 2025 |
| IPO Listing Date | Monday, June 3, 2025 |
Blue Water Logistics IPO Lot Size
Investors interested in the Blue Water Logistics IPO must apply in lots of 1000 shares, with the option to apply for multiples of this lot size. Below is a table showing the minimum and maximum number of shares and the corresponding investment amount required for both Retail and High Net-worth Investors (HNI).
| Investor Category | Lots | Number of Shares | Investment Amount (₹) |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,000 | ₹1,35,000 |
| Retail (Maximum) | 1 | 1,000 | ₹1,35,000 |
| HNI (Minimum) | 2 | 2,000 | ₹2,70,000 |
Blue Water Logistics IPO Promoter Holding
The promoters of Blue Water Logistics include Mr. Laxmi Narayan Mishra, Mr. Lalit Panda, Ms. Madhusmita Mohanty, and Ms. Supriya Mishra. Their shareholding percentage changes after the IPO as shown below:
| Shareholding Status | Percentage Holding |
|---|---|
| Pre-Issue Holding | 95.62% |
| Post-Issue Holding | 69.55% |
Objects of the Issue
- Funding of capital expenditure requirements by purchase of Vehicles and its body building
- Funding working capital requirements of the Company
- General corporate purposes
Blue Water Logistics IPO Review
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Blue Water Logistics IPO Finanacial Performance
Blue Water Logistics Limited has shown strong financial growth, with revenue increasing by 41% and profit after tax (PAT) rising by 80% from March 31, 2024, to March 31, 2025. The company’s assets, net worth, and reserves have also grown steadily over the years.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Crore) | 76.34 | 42.12 | 29.28 | 38.80 |
| Revenue (₹ Crore) | 196.29 | 138.74 | 98.07 | 84.72 |
| Profit After Tax (₹ Crore) | 10.67 | 5.94 | 1.54 | 1.04 |
| Net Worth (₹ Crore) | 20.15 | 9.48 | 3.54 | 0.00 |
| Reserves & Surplus (₹ Crore) | 12.15 | 7.48 | 1.54 | 0.00 |
| Total Borrowing (₹ Crore) | 36.73 | 17.22 | 18.81 | 0.00 |
Blue Water Logistics IPO Key Financial Highlights and Valuation – FY2024
Blue Water Logistics displays solid financial metrics, highlighting its profitability and efficiency. The company has a strong Return on Equity (ROE) of 72.02% and a Return on Net Worth (RoNW) of 52.95%. Its EBITDA margin stands at 9.56%, with a PAT margin of 5.44%. The debt-to-equity ratio is 1.82, indicating moderate leverage. Basic Earnings Per Share (EPS) is ₹13.34, and the Net Asset Value (NAV) per share is ₹25.19.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 72.02% |
| Return on Capital Employed (ROCE) | 0.30% |
| EBITDA Margin | 9.56% |
| Profit After Tax (PAT) Margin | 5.44% |
| Debt to Equity Ratio | 1.82 |
| Earnings Per Share (EPS) - Basic | ₹13.34 |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 52.95% |
| Net Asset Value (NAV) | ₹25.19 |
Blue Water Logistics IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Managers aka Merchant Bankers
- Smart Horizon Capital Advisors Private Limited
Company Address
Blue Water Logistics Limited
H. No. 8-2-270/B/1/2, Block-3, 4th Floor
Uptown Banjara, Road No. 3, Banjara Hills
Hyderabad-500034
Phone: +91 8341101774
Email: [email protected]
Website: https://bwl.co.in/
Blue Water Logistics IPO
When does the Blue Water Logistics IPO open and close?
The IPO opens on May 27, 2025, and closes on May 29, 2025.
What is the price band for the Blue Water Logistics IPO?
The price band is ₹132 to ₹135 per share.
What is the face value of each equity share?
The face value of each equity share is ₹10.
How many shares are being issued in this IPO?
The company is issuing 30,00,000 shares as a fresh issue.
On which stock exchange will the IPO be listed?
The IPO will be listed on the NSE SME platform.
What is the minimum lot size for application?
The minimum lot size is 1,000 shares.
What is the retail quota for the IPO?
The retail quota is up to 35% of the issue size.
What is the basis of allotment date?
The basis of allotment will be finalized on May 30, 2025.
When will refunds be processed and shares credited?
Refunds and credit to demat accounts will happen on June 2, 2025.
When is the expected listing date of the IPO?
The shares are expected to list on NSE SME on June 3, 2025.