Blue Water Logistics IPO Subscribed 223% by Day 2; Retail Portion at 340%
By HDFC SKY | Updated at: May 31, 2025 10:41 PM IST
Mumbai, May 28, 2025: The SME IPO of Blue Water Logistics Ltd continued to draw robust interest on the second day of bidding, reaching an overall subscription of 223%, as per NSE data. A total of 48.37 lakh bids were received against the 21.65 lakh shares on offer for the public.
Retail investors drove the momentum, oversubscribing their quota by 340%. Meanwhile, Qualified Institutional Buyers (QIBs) showed strong interest, with their segment subscribed 8.55 times. Non-Institutional Investors (NIIs) contributed to the demand with a 146% subscription rate.
Day 2 Bidding Snapshot
| Investor Category | Shares Bid | Approx. Subscription |
|---|---|---|
| QIBs | 18,50,000 | 855% |
| Non-Institutional Investors | 10,21,000 | 146% |
| Retail Investors (RIIs) | 19,66,000 | 340% |
| Total Bids Received | 48,37,000 | 223% (2.23x) |
Net issue size available to public: 21,65,000 shares
Category-wise Breakdown
| Category | Applications | Shares Bid |
|---|---|---|
| QIBs | 5 | 18,50,000 |
| └ FIIs | 3 | 7,37,000 |
| └ Others | 2 | 11,13,000 |
| NIIs | 77 | 10,21,000 |
| └ Corporates | 2 | 4,59,000 |
| └ Individuals | 75 | 5,62,000 |
| RIIs | 1,966 | 19,66,000 |
| └ Cut-Off | 1,282 | 12,82,000 |
| └ Price Bids | 684 | 6,84,000 |
Investor Breakdown:
- QIBs (5 applications):
- FIIs: 3 bids for 7,37,000 shares
- Others: 2 bids for 11,13,000 shares
- NIIs (77 applications):
- Corporates: 2 bids for 4,59,000 shares
- Individuals: 75 bids for 5,62,000 shares
- RIIs (1,966 applications):
- Cut-Off: 1,282 bids for 12,82,000 shares
- Price Bids: 684 bids for 6,84,000 shares
IPO Details:
- Price Band: ₹132–₹135 per share
- Minimum Bid: 1,000 shares (₹1.35 lakh at upper limit)
- Issue Closing Date: May 29, 2025
- Exchange: NSE Emerge
- Use of Funds: Vehicle acquisition, working capital, and general corporate purposes
- UPI Mandate Deadline: 5:00 PM on May 29
Retail investors must confirm UPI mandates by the cut-off time for their bids to be valid. Unconfirmed applications (RC100 status) will be rejected.
Outlook
With over twice the number of bids relative to the shares available, the IPO is likely to close with strong oversubscription. Investor enthusiasm, particularly among Qualified Institutional Buyers (QIBs) and Retail Individual Investors (RIIs), underscores growing confidence in Blue Water Logistics’ strategic direction within India’s evolving logistics industry.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://www.nseindia.com/market-data/issue-information?symbol=BLUEWATER&series=SME&type=Active
