Bookbuilding IPO | ₹41 Cr | Listed at NSE SME | Tue, May 27, 2025 - Thu, May 29, 2025
Blue Water Logistics IPO is a book build issue of ₹40.50 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹40.50 crore.
Blue Water Logistics IPO bidding started from May 27, 2025 and ended on May 29, 2025. The allotment for Blue Water Logistics IPO was finalized on May 30, 2025. The shares got listed on NSE SME on Jun 3, 2025.
Blue Water Logistics IPO price band is set at ₹135 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,35,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,70,000.
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Blue Water Logistics IPO RHP for detailed Information.
IPO Open
Tue, May 27, 2025
IPO Close
Thu, May 29, 2025
Issue Price
₹135 per share
Market Cap (Pre-IPO)
₹148.50 Cr
| IPO Date | 27 to 29 May, 2025 |
| Listed on | Tue, Jun 3, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹132 to ₹135 |
| Issue Price | ₹135 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹41 Cr) |
| Reserved for Market Maker | 1,56,000 shares Shreni Shares Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 28,44,000 shares (agg. up to ₹38 Cr) |
| Net Offered to Public | 28,44,000 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,10,00,000 shares |
| NSE Symbol | BLUEWATER |
| ISIN | INE0X3M01010 |
Blue Water Logistics IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 28,44,000 shares, after excluding 1,56,000 shares allotted on a firm basis. Of the Net offer 13,94,000 (49.02%) are allocated to QIB, 4,40,000 (15.47%) allocated to NII 10,10,000 (35.51%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,94,000 | 49.02% | 46.47% |
| − Anchor Investor Shares Offered | 8,35,000 | 27.83% | |
| − QIB (Ex. Anchor) Shares Offered | 5,59,000 | 18.63% | |
| NII (HNI) Shares Offered | 4,40,000 | 15.47% | 14.67% |
| Retail Shares Offered | 10,10,000 | 35.51% | 33.67% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,56,000 | 5.20% | |
| Total Shares Offered | 30,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,35,000 |
| Retail (Max) | 1 | 1,000 | ₹1,35,000 |
| HNI (Min) | 2 | 2,000 | ₹2,70,000 |
Blue Water Logistics IPO raises ₹11.27 crore from anchor investors. Blue Water Logistics IPO Anchor bid date is May 26, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, May 26, 2025 |
| Shares Offered | 8,35,000 |
| Anchor Portion (₹ Cr.) | 11.27 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Jun 29, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Fri, Aug 29, 2025 |
Incorporated in April 2010, Blue Water Logistics Ltd provides logistics and supply chain solutions. The company's primary services include freight forwarding, custom clearance and transportation handling services.
The company provides comprehensive project logistics, supply chain management (SCM), and warehousing across air, sea, and land transport, focusing on tailored solutions for client needs, including cargo pick-up, customs clearance, and delivery, offering a complete suite of logistics services.
The company has five branches in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane.
The company serves customers in confectionery, chemicals, crockery, natural stones, textiles, electronics, and fitness equipment.
As of March 31, 2025, the company has 25 commercial vehicles for various transportation needs.
The company provides services in Telangana, Gujarat, Maharashtra, Rajasthan, Andhra Pradesh, Tamil Nadu, Delhi, Punjab, Karnataka, Uttar Pradesh, Madhya Pradesh, Odisha, and abroad in Africa, Singapore, and the UAE.
As of March 31, 2025, the Company has 83 employees in various departments.
Competitive Strength
Blue Water Logistics Ltd.'s revenue increased by 41% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 76.34 | 42.12 | 29.28 | 38.80 |
| Total Income | 196.29 | 138.74 | 98.07 | 84.72 |
| Profit After Tax | 10.67 | 5.94 | 1.54 | 1.04 |
| EBITDA | 18.75 | 10.50 | 3.83 | 2.35 |
| NET Worth | 20.15 | 9.48 | 3.54 | |
| Reserves and Surplus | 12.15 | 7.48 | 1.54 | |
| Total Borrowing | 36.73 | 17.22 | 18.81 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements by purchase of Vehicles and its body building | 10.52 |
| 2 | Funding working capital requirements of the Company | 20.00 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 72.02 |
| ROCE | 30 |
| Debt/Equity | 1.82 |
| RoNW | 52.95 |
| PAT Margin | 5.44% |
| EBITDA Margin | 9.56% |
| Price to Book Value | 11.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.34 | 9.70 |
| P/E (x) | 10.12 | 13.92 |
| Promoter Holding | 95.62% | 69.55% |
| Market Cap | ₹148.50 Cr. |
The Blue Water Logistics IPO is subscribed 9.36 times on May 29, 2025 6:20:00 PM (Day 3). The public issue subscribed 6.55 times in the retail category, 14.04 times in the QIB category, and 9.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 14.04 | 5,59,000 | 78,49,000 | 12 |
| NII* | 9.87 | 4,40,000 | 43,42,000 | 417 |
| Retail | 6.55 | 10,10,000 | 66,17,000 | 6,617 |
| Total | 9.36 | 20,09,000 | 1,88,08,000 | 7,046 |
Total Application : 7,046
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees including underwriting and marketing commission | 4.55 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and Marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.01 |
| 8 | Others, if any (market making, depositories, secretarial, peer review etc.) | 0.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹135.00 |
| Open | ₹141.00 |
| Low | ₹135.20 |
| High | ₹148.05 |
| Last Trade | ₹148.05 |
Lead Manager Reports
Blue Water Logistics IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹41 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000.
The IPO opens on Tue, May 27, 2025, and closes on Thu, May 29, 2025.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Blue Water Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Blue Water Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Blue Water Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Blue Water Logistics IPO opens on Tue, May 27, 2025 and closes on Thu, May 29, 2025.
Blue Water Logistics IPO lot size is 1000, and the minimum amount required for application is ₹1,35,000.
You can apply in Blue Water Logistics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Blue Water Logistics IPO will be done on Friday, May 30, 2025, and the allotted shares will be credited to your demat account by Mon, Jun 2, 2025. Check the Blue Water Logistics IPO allotment status.
The Blue Water Logistics IPO listing date is on Tue, Jun 3, 2025.
