Neptune Petrochemicals Limited IPO...
31 May, 2025
Blue Water Logistics Limited IPO
Blue Water Logistics Limited plans to launch its SME IPO using a book-building approach, targeting a capital raise of ₹40.5 crore through the issuance of 30 lakh new equity shares with a face value of ₹10 each. Beginning on May 27, 2025, and ending on May 29, 2025, is the IPO subscription period. Allotment is expected by May 30, 2025, with listing anticipated on the NSE SME platform on June 3, 2025. Retail investors must invest ₹1,35,000 at the higher price band, which is set at ₹132–₹135 per share, with a minimum lot size of 1,000 shares.
Company Background
Based in Hyderabad and incorporated in 2010, Blue Water Logistics Limited specializes in providing end-to-end project logistics, supply chain management (SCM), warehousing, and multimodal freight services across sea, air, and land. The company provides a full range of services, such as freight forwarding, customs clearance, ISO tank container logistics, and transportation handling, and is a recognised multimodal transport operator. Confectionery, chemicals, crockery, natural stones, textiles, electronics, and exercise gear are just a few of the industries that Blue Water Logistics serves. With aspirations to grow, it now has a fleet of 25 commercial vehicles and runs five branches in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane as of March 31, 2025.
Operations & Service Range
Facility & Operations:
Blue Water Logistics provides tailored logistics solutions, including cargo pick-up, customs clearance, and last-mile delivery. Its multimodal capabilities span air, sea, and land transport, supported by warehousing and project logistics expertise. In addition to overseas markets including Africa, Singapore, and the United Arab Emirates, the corporation is present in India.
Clientele & Industries:
It serves customers across multiple sectors, including chemicals, electronics, textiles, crockery, and fitness equipment, offering flexibility and reliability for diverse cargo needs.
Revenue Channels
- Freight forwarding and customs clearance services
- Multimodal transportation (air, sea, land)
- Warehousing and supply chain management
- Project logistics for specialized cargo
Management & Shareholding
Promoters: Blue Water Logistics Limited is promoted by a team of experienced logistics professionals. There are Mr. Laxmi Narayan Mishra, Ms. Madhusmita Mohanty, Mr. Lalit Panda, and Ms. Supriya Mishra as the promoters of the company. Shareholding by promoters pre-IPO is 95.62%.
Board Composition: The company’s leadership structure is designed for efficient operational management and strategic growth.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Blue Water Logistics Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Blue Water Logistics Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 27, 2025 to May 29, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹132 to ₹135 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹40.50 Cr) |
| Fresh Issue | 30,00,000 shares (aggregating up to ₹40.50 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,10,00,000 shares |
| Market Maker Portion | 1,56,000 shares |
Blue Water Logistics Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, May 27, 2025 |
| IPO Close Date | Thu, May 29, 2025 |
| Tentative Allotment | Fri, May 30, 2025 |
| Initiation of Refunds | Mon, Jun 2, 2025 |
| Credit of Shares to Demat | Mon, Jun 2, 2025 |
| Tentative Listing Date | Tue, Jun 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 29, 2025 |
Blue Water Logistics Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000.00 | 1,35,000 |
| Retail (Max) | 1 | 1,000.00 | 1,35,000 |
| HNI (Min) | 2 | 2,000 | ₹2,70,000 |
Blue Water Logistics Limited IPO
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,56,000 (7.21%) |
| QIB Shares Offered | 5,59,000 (25.82%) |
| Retail Shares Offered | 10,10,000 (46.65%) |
| NII (HNI) Shares Offered | 4,40,000 (20.32%) |
| Total Shares Offered | 21,65,000 (100%) |
Blue Water Logistics Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 95.62% | 69.55% |
Competitive Strength:
- Comprehensive Logistics Solutions: End-to-end project logistics, SCM, warehousing, and multimodal freight services.
- Diverse Industry Presence: Serves a wide range of sectors, ensuring diversified revenue streams.
- Expanding Fleet: Operates 25 commercial vehicles with plans to add 20 more, enhancing service capacity.
- Strong Financial Growth: For FY25, revenue rose 41% to ₹196.29 crore, and net profit jumped 80% to ₹10.67 crore. ROE is notably high at 72%.
- National and International Reach: Five Indian branches and global operations in Africa, Singapore, and the UAE.
- IPO Fully Subscribed: The IPO saw strong investor interest, being fully subscribed on the first day.
Blue Water Logistics Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 76.34 | 196.29 | 10.67 | 20.15 | 36.73 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 42.12 | 138.74 | 6 | 9.48 | 17.22 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 29.28 | 98.07 | 1.54 | 3.54 | 18.81 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 38.8 | 84.72 | 1.04 | - | - | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 72.02% |
| ROCE | 0.3 |
| Debt/Equity | 1.82 |
| RoNW | 52.95% |
| PAT Margin | 5.44 |
| Price to Book Value | 11.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.34 | 9.70 |
| P/E (x) | 10.12 | 13.92 |
Key Strengths of Blue Water Logistics Limited IPO
● Comprehensive Logistics Solutions: End-to-end project logistics, SCM, warehousing, and multimodal freight services.
● Diverse Industry Presence: Serves a wide range of sectors, ensuring diversified revenue streams.
● Expanding Fleet: Operates 25 commercial vehicles with plans to add 20 more, enhancing service capacity.
● Strong Financial Growth: For FY25, revenue rose 41% to ₹196.29 crore, and net profit jumped 80% to ₹10.67 crore. ROE is notably high at 72%.
● National and International Reach: Five Indian branches and global operations in Africa, Singapore, and the UAE.
IPO Fully Subscribed: The IPO saw strong investor interest, being fully subscribed on the first day.
IPO Objectives
The net proceeds from the IPO will be allocated toward:
- Purchasing new commercial vehicles and bodybuilding
- Meeting working capital requirements
General corporate purposes
Conclusion
Blue Water Logistics Limited’s IPO offers investors exposure to a rapidly growing logistics and supply chain management company with a diversified client base, expanding fleet, and robust financial performance. The company’s focus on multimodal solutions, growing national and international presence, and strong demand for its IPO highlight its potential for sustainable growth in the logistics sector.
RHP:
DRHP:
Read more :
Frequently asked Questions (FAQs )
-
1. What are the IPO price band and lot size?
₹132–₹135 per share, with a minimum lot of 1,000 shares. Investment at the top band requires ₹1,35,000.
-
2. What is the total issue size?
₹40.5 crore via a fresh issue of 30 lakh equity shares. There is no offer-for-sale component.
-
3. How will the IPO proceeds be used?
For purchasing vehicles and body building, working capital, and general corporate purposes.
-
4. When are the allotment and listing dates?
Allotment is expected by May 30, 2025. Listing is likely on June 3, 2025, on the NSE SME platform.
-
5. How is market sentiment?
As of May 28, 2025, the grey market premium is flat (GMP at zero), indicating neutral sentiment and expectations for a flat listing.
